Seeking Advice

Would You Buy this product?

  • Yes I would buy if it had the heat map.

    Votes: 2 14.3%
  • Yes I would buy, I dont like the heat map

    Votes: 0 0.0%
  • No I would not buy, this gives me no benefit

    Votes: 10 71.4%
  • No I would not buy, I have seen the same product for a better price

    Votes: 2 14.3%

  • Total voters
    14
Ok, since I've been doing nothing but helping financial companies market their software and services online for over 20 years, this is pretty much my area of expertise.

The biggest issue you are going to have with your entire project is going to be marketing it. In my past experience, most guys who build specialized apps like yours put almost every penny into the development of the product and then have virtually no money to market it. So eventually the project folds because there's no marketing plan to reach new customers.



Maybe on a bare cost level, but you're not taking into consideration how much money you'll need to spend to acquire a customer. Have you thought about how you're going to find the dedicated options traders who would even be interested in such an app? Since there's going to be turnover in your subscription business, you'll need to seriously think about how you're going to constantly attract new customers to make up for the ones that have canceled.

Furthermore, a $9.99 price point is way too low. That price point is assuming a very big potential market size, but in reality the market for that product is extremely small. And the primary reason is because your product is elective, and not essential.
Hi Baron, thanks for your input. I never even thought to talk to you about this. If you don't mind I'd like to discuss further some marketing strategies and website development. I'll PM you.
 
Congratulations on building something. It's gotta feel really rewarding.

  1. I do not think I would pay for this. Leave alone 10$ / month. What value does it give me that other free sites already don't?
  2. I can't even see the site now. Shinyapps.io looks suspect.
  3. I think you can do better!
 
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