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Ask HN: Next Step for Monetizing our Site

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Ask HN: Next Step for Monetizing our Site

#1
Dear HN: I'd apprehiate some feedback on taking our site in a new direction.

http://www.ecalc.com

We have a great online scientific calculator called eCalc (been around for about 1 year). We have a steady amount of users each day (around 10k) and recently released a new version of the calculator with a downloadable version for Windows and Mac ($15).

However, the conversion of the download product is very low and most people are not downloading the product from our site at all, instead they just use the free online version (but who wouldn't right?)

We'd like to make a monetization model from this product.

1.) Should we handicap the online version with a nag screen to encourage downloads?

2.) Should we try to sell ads on the site(note: average user is on page for 5-6minutes)

3.) Should we create a subscription model for say ($10 a year to use the calculator).

4.) Lower the price of the product to say $5

5.) Add more features (graphing, variables, sharing)

Any advice is much apprehiated...

Re: Ask HN: Next Step for Monetizing our Site

#2
As you've said, why pay, when you can use the free version on-line? You have to give them something for their money. You have to differentiate between the free version and the one they pay for.

Graphing is one option, but you'll need to think of more. There's also the problem of people paying, downloading, and then giving it away to others. Do you not worry about this? Or do you somehow "lock" the download to that user. Be very, very careful about preventing someone for using something they paid for. If their machine breaks and they get a new one, with the program still work? How can they move it?

And so on.

The real point is that people will only pay if they get something in return. Think carefully about what that might be.

Re: Ask HN: Next Step for Monetizing our Site

#3

As you've said, why pay, when you can use the free version on-line? You have to give them something for their money. You have to differentiate between the free version and the one they pay for. Graphing is one option, but you'll need to think of more. There's also the problem of people paying, downloading, and then giving it away to others. Do you not worry about this? Or do you somehow "lock" the download to that us…

Yes, these are all good points. I really want to find a way to keep the online version for free. The advantage of the download (desktop version) is that users can run in a borderless window with six color schemes and the ability to close the side palette.

I'm sure there are many students in poor countries that enjoy having a nice powerful online calculator that is easy to use, but nice is not a good business model.

We don't have a good way to prevent pirating and my thinking was that even top products like Adobe get cracked pretty quickly and distributed (so I figured it was a lost cause...)

Anyway, we have plenty of great ideas for additional features that we can add into the palette. Maybe we make a "pro version" that has these extras...

Re: Ask HN: Next Step for Monetizing our Site

#5
post #4

can try going for affiliate links for graphic calculators, but I don't think it'll monetize that well

We tried creating a calculator store and linking to Amazon, but the conversion is pretty bad there as well. If people are looking for an online calculator they don't real want a handheld... Thanks for the feedback.

Re: Ask HN: Next Step for Monetizing our Site

#7

iPhone app?

This is a valid idea - though there are already a ton of calculators on the iPhone store and so we'd be competing against a saturated marketplace. One reason we did this project was the fact that most online calculators have terrible user interfaces and don't support things like complex numbers, or a traditional stack.

Re: Ask HN: Next Step for Monetizing our Site

#8
Before understanding the best option, you should examine your user base a little more.

10K a day sure, but what's the breakdown? Do you have 2K that visit the site 5 times a day, every day? That lends itself well to the subscription model. Are most of your visitors in and outs from google, with no recurring vistis? Ads might be the better option here. Are most of your visits coming from .edu domains? There may be an opportunity for school sponsorship here. Etc, etc.

You need to fit your monetization model to your particular user base.

Re: Ask HN: Next Step for Monetizing our Site

#9
There are already graphing sites out there, but they're more data oriented than calculation oriented (not sure if that makes sense). But basically if you could hook the calc up to a graph and make them really easy to create and share you would be able to get some virality. If you had a ton of graphs out on the web with ads on them you (like millions of them) you could make some money.

Re: Ask HN: Next Step for Monetizing our Site

#10

Before understanding the best option, you should examine your user base a little more. 10K a day sure, but what's the breakdown? Do you have 2K that visit the site 5 times a day, every day? That lends itself well to the subscription model. Are most of your visitors in and outs from google, with no recurring vistis? Ads might be the better option here. Are most of your visits coming from .edu domains? There may be an…

That's great information. Does Google Analytics break down if they are coming from .edu domains or do I need more powerful analytic tools? Thanks
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