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My Business Is Dying

bankstatementconverter.com

31–40 of 91 posts

Re: My Business Is Dying

#32
A lot of these super-simple utility apps will die off with AI.

Two years ago I paid a little app to extract the member list of a WhatsApp community I manage. Now I just ask Codex to do it.

It sucks for the founders no doubt. But it’s better for the consumer not to have a million paid utility apps for solving small nuisances.

Re: My Business Is Dying

#33

There is something I'd call Subscription Fatigue. People and businesses are asked to pay subscription fees left and right. If I convert my bank statements only each quarter in a spike or once or twice a year, why should I pay for each month or the entire year? Of course I don't know the real usage patterns of this application, but that's one scenario I'd think of.

The perceptive utility of software declines when it is subscription-based in current times. A one-time fee for software is reasonable to a purchaser, renting/leasing software is no longer economical for the size of most phone apps...too little for too much.

*Edit: Apparently I forgot how to spell.

Re: My Business Is Dying

#35
post #21

Earlier quoted context omitted.

You can stand out by being authentic. Your face on the video, etc. Even writing it yourself genuinely instead of using an LLM. ex the article felt authentic.

But how you get authentic and engaging for bank statement converter? People search for it to solve particular problem in the first place, not to hear your life story. And regarding face on video, I just got stuned with video of 106 years old giving life advices and all people but one in comment section didn't notice it is well generated.

-> But how you get authentic and engaging for bank statement converter? People search for it to solve particular problem in the first place, not to hear your life story.

That's the hard part :)

Re: My Business Is Dying

#36
post #3

> My friends tell me the job is basically managing AI agents and reading Pull Requests. That sounds like hell, and I’ll try to avoid it for as long as possible. It really is not that bad when you are in a company with a good culture. Leadership is gonna be AI piled everywhere, but imho that's how you learn where to use (and not to use) the technology.

I disagree. Having to work with the clanker is hell on earth. I'll do it if I have to, because I need to eat, but I hate every second I have to put up with those stupid things.

Re: My Business Is Dying

#37
post #3

> My friends tell me the job is basically managing AI agents and reading Pull Requests. That sounds like hell, and I’ll try to avoid it for as long as possible. It really is not that bad when you are in a company with a good culture. Leadership is gonna be AI piled everywhere, but imho that's how you learn where to use (and not to use) the technology.

Places that can't have code leave the work site still do not use AI.

Most places I know that have strict on-premise/air-gap requirements are just investing in on-premise AI and open source harnesses instead. The only ones that don't are the typical places that are slow to adopt technology in general (usually because they can afford to due to historic moat).

Re: My Business Is Dying

#38
> People are using AI to convert their bank statements. This works pretty well if you only have a few pages of bank statements to convert. If you have hundreds of pages, then you’ll need to pay for AI to do the conversion.

Or you could have AI write a script to handle the conversion for your specific bank. It'll be faster than any service and free forever.

Re: My Business Is Dying

#39

There is something I'd call Subscription Fatigue. People and businesses are asked to pay subscription fees left and right. If I convert my bank statements only each quarter in a spike or once or twice a year, why should I pay for each month or the entire year? Of course I don't know the real usage patterns of this application, but that's one scenario I'd think of.

Subscription fatigue is real, and I'm currently going through it, but it's not the existence of subscription-only model which nudges me to cancel a membership.

If I pay for something, I want the tool to work for me. I can't use an application if it tries to steal my attention all the time. An upgrade pop-up there, a reminder notification there, and the application wears me down.

I like quiet applications. It's there. I'll use it. An unobtrusive promo button for a new feature is OK, but constant nudging for the same thing is tiring. Dropbox used to do that with document signatures, they stopped now AFAICS.

If I pay for your application, please be patient and respectful, because the moment I feel that your application is more about getting my money than providing me services, I'm out.

The value I get is in the service you provide via your application. Not the existence of said application, so stop treating your users as cows in line waiting to be milked.

This is another reason I'm self hosting as much as possible. I'm willing to put in the work to maintain an application rather than seeing constant banners and pop-ups wedged in to milk me more.

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