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How we got to $1,000 in recurring revenue

blog.idonethis.com

71–73 of 73 posts

Re: How we got to $1,000 in recurring revenue

#71

Coincidentally, I recently built a similar service as a week-long project to solve the same problem for a client. I tried idonethis, but found the interface confusing and the pricing prohibitive. http://simplestatus.io

Two quick points of feedback: First - not a particularly important detail - but please do your site a favor and get rid of the very tacky rocket ship clip art. I don't know why every SaaS MVP decides to abuse that image. Second, this: "Status reports suck. We make them suck less." That's not a professional sales pitch. Unless you're trying to sell to college teenagers (who wouldn't buy the product to begin with), it…

After taking more time to digest your feedback, I think you're right on both points. I made some stopgap changes to the marketing site last night.

Thanks again ;)

Re: How we got to $1,000 in recurring revenue

#72
post #52

Earlier quoted context omitted.

If you have twenty users for this system, it is likely that "you" pay more than $50,000 every other Friday . (Substantially more if they're techies.) I say "you" in scare quotes because much like software payroll just comes out of a budget and isn't "your" money -- spend it or don't spend it, your call, but either way it isn't in your pocket. Your personal financial situation is influenced in a much sharper degree by…

> If you have 20 employees, many, many, MANY things with less certain value than this software cost you more than $100. It seems like you're arguing that if you have 20 employees, you're probably wasting more than $100/month on other products and services, so spending another $100/month on iDoneThis isn't a big deal. You might be right in certain cases. Some companies have tighter financial controls and are more thou…

A company that spends an human being's time on evaluating tiny expenditures is not being thoughtful; it's being wasteful. Your employees' time has value just like money does, and any appreciable amount of an employee's time is worth more than $100.

Re: How we got to $1,000 in recurring revenue

#73
post #11

Please take this as constructive: I pay for your system for a team of about 10 people. It works and it's been useful to us - but as soon as I get some free time I'm very likely going to roll my own, because I slightly resent the $5 per user per month price-tag for such a simple service; I think it's pretty expensive for the features compared to other single-purpose cloud tools. I'm not asking for more features, becau…

Is it not about value? If 50 bucks a month extra value isn't being earned / created by your team as a result of using it, then stop using it :) Or use a whiteboard.
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