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Show HN: I made a meme creator that makes around $4k a month

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Re: Show HN: I made a meme creator that makes around $4k a month

#32

Post by par »

angryasian wrote: post #26
58x14 wrote: post #11

Earlier quoted context omitted.

Forgive me, but if the market responds to OP's subscription model (and $4k/mo is not trivial), no ads is a better user experience and there is less dependency on the ad network for revenue. It's typically much harder to acquire new users than retain current users = subscription model allows you to monetize your userbase over a broader period of time (let's say $5/mo * 6 mo = $30) to a value that would likely be cost-…

the one time payment for a multi year support of software doesn't grow businesses. We just don't see the business of releasing a new version of the same software every two years with some new features and minor refresh, though it still done. It might support a small dev, but you need recurring revenue and subscriptions and ways to increase the ARPU to grow a real business.

Yes agreed. I used to have a one time purchase, but then I kept improving the app, adding more complex features, and the old price didn't reflect all the new work I had put in.

Re: Show HN: I made a meme creator that makes around $4k a month

#33

Post by pixiemaster »

par wrote: post #16
thaumasiotes wrote: post #3

I love the promotional messaging. :D "Your Instagram page will gain tons of followers. You will be famous on Twitter."

thanks, writing copy is not my strong suit, and this was after many iterations.

actually it’s quite to the point, no fuss, clear value proposition.

Re: Show HN: I made a meme creator that makes around $4k a month

#35

Post by langitbiru »

lurn_mor wrote: post #9

Whom do you license the Original Content from? Or do you steal it without recompensation?

I mean Elon Musk steals memes all the time.

https://www.nytimes.com/2021/05/07/style/elon-musk-memes.htm...

Technically speaking, building a meme platform that takes recompensation into account is an interesting problem.

https://twitter.com/balajis/status/1370373708506750977?lang=...

Re: Show HN: I made a meme creator that makes around $4k a month

#36

Post by na85 »

nickthegreek wrote: post #5

I loathe apps that want a subscription for such a trivial concept. Why did you choose this route over ad support or one time payment?

I find ads to be disgusting, and I loathe apps that are ad supported. I'm glad the author chose the subscription route.

Re: Show HN: I made a meme creator that makes around $4k a month

#37

Post by chippy »

par wrote: post #13
nickthegreek wrote: post #5

I loathe apps that want a subscription for such a trivial concept. Why did you choose this route over ad support or one time payment?

I don't get enough volume for ad support to be meaningful, and i didnt want to ruin the experience with ads. Before subscriptions, for a long time it was a one time purchase only. Then some VC's suggested i experiment with subscriptions, and I was very hesitant and semi grossed out. But I decided to give it a try, and I was seriously amazed that my conversion was barely impacted, and the same people buying one time p…

how did you do the experimentations? some kind of AB testing?

Re: Show HN: I made a meme creator that makes around $4k a month

#38

Post by par »

javiermaestro wrote: post #34

From your comments, you turned from a one-time purchase to subscriptions. Can you share your attrition rate? Also, how many want to pay per-month VS the full year (heavily discounted price)? Thanks!

Yes happy to. From the app store analytics over last 30 days

Retention rate: 82%

Monthly subs: 93%

yearly subs: 7%

Re: Show HN: I made a meme creator that makes around $4k a month

#39

Post by par »

chippy wrote: post #37
par wrote: post #13

Earlier quoted context omitted.

I don't get enough volume for ad support to be meaningful, and i didnt want to ruin the experience with ads. Before subscriptions, for a long time it was a one time purchase only. Then some VC's suggested i experiment with subscriptions, and I was very hesitant and semi grossed out. But I decided to give it a try, and I was seriously amazed that my conversion was barely impacted, and the same people buying one time p…

how did you do the experimentations? some kind of AB testing?

I'm embarrassed to say that I never used any formal a/b testing tools. I just fully converted to subscriptions, and ran it for a few weeks, and compared it to the previous few weeks (which were one time purchase.)
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