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by altacc
527 days ago
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A couple of thoughts: - I worry about businesses with a "pay once" model as your costs are recurring. Even if the costs are low you will need a constant flow of new sign ups just to break even. You can't ever have a stable user base that ensures the service longevity. You could have a million happy users but if there are no new sign ups then the service is at risk of closing as it's losing money. I prefer an adequate free tier and then low monthly or annual costs for power users who want more features. - I wonder about the use case and that may limit the potential customer base. It looks like your target audience is those wanting to send a one off invoice or a handful or less manual invoices a year and have a separate accounting system that does not send invoices. I worked for a few years developing invoicing applications and the actual generation of the invoice is the easy bit. What's necessary for even a small business is the accounting, integration to other systems, tracking, reporting, reminders, payment handling, etc... In some countries it is necessary for all invoices to be electronically reported to tax authorities. A lot of small businesses or self-employed people already have highly featured accounting software that includes invoicing. So your target market for perpetual new signs (see first point) seems rather small. Sorry if this is all rather negative. Products pivot over time and and I think you in the future you shouldn't be too committed to the pay once model as your main selling point. Perhaps cheap & simple is good enough. And good luck! |
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From what i have seen in the freelancing world, the alternatives are way more feature packed, but way harder to use, and they all come with a monthly bill - some even charge based off of how much you are invoicing.
The customer profile is freelancers and small business owners, who just want to send some invoices whenever they need - without having a monthly bill.
Im already considering doing 35$ a year instead of a one-time payment going forward with new customers.
Thank you so much for the detailed feedback. Trust me, i appreciate you guys a lot.