By the way, people are obviously confusing what you purchase when you pay $1,500 for Gold or $15,000 for the source to the Engine.
Those customers who paid that knew that their money wasn't going toward already written source code. It was going towards support and maintenance over time.
For example the company who paid $15,000 has it in the contract that TZ will add multi-symbol support.
They made it clear they're paying that much to have a major influence in the direction of the development going forward.
They were turned off by other platforms used during the earlier days of building the hedge fund because those companies "turned a deaf ear" to their needs in terms of features in spite of their offers of money to pay for them.
So they wanted to have a system with a say in how the software development goes.
In fact, all the members who joined at Gold level say the same things about past experiences and why they joined TickZOOM.
Also, noone ever signed up for Pro or Silver versions--only Gold.
So THAT is the reason for the change in the business model. It's because that's what paying members are demanding. They want a member (customer) centric business model rather than a recruiting type business model.
This model is common among professional, commercial software like Rational Rose, Oracle, and the like.
With those, companies pay upfront fees for at least 5 or 6 figures and then annual maintenance fees.
This may be shocking and confusing to individuals and non-professionals since it's so different from all the other retail platforms.
So, over time, it may be ineffective to market on ET. That remains to be determined.
Again TZ is in a different (not necessarily better) class than other retail type platforms.
That's only because TZ's early adopters were all serious professionals who already profit from trading as well as one institution.
TZ business model may continue to change based on votes by current paying members.
For that reason, they are and will continue to be happy.
Sincerely,
Wayne
Those customers who paid that knew that their money wasn't going toward already written source code. It was going towards support and maintenance over time.
For example the company who paid $15,000 has it in the contract that TZ will add multi-symbol support.
They made it clear they're paying that much to have a major influence in the direction of the development going forward.
They were turned off by other platforms used during the earlier days of building the hedge fund because those companies "turned a deaf ear" to their needs in terms of features in spite of their offers of money to pay for them.
So they wanted to have a system with a say in how the software development goes.
In fact, all the members who joined at Gold level say the same things about past experiences and why they joined TickZOOM.
Also, noone ever signed up for Pro or Silver versions--only Gold.
So THAT is the reason for the change in the business model. It's because that's what paying members are demanding. They want a member (customer) centric business model rather than a recruiting type business model.
This model is common among professional, commercial software like Rational Rose, Oracle, and the like.
With those, companies pay upfront fees for at least 5 or 6 figures and then annual maintenance fees.
This may be shocking and confusing to individuals and non-professionals since it's so different from all the other retail platforms.
So, over time, it may be ineffective to market on ET. That remains to be determined.
Again TZ is in a different (not necessarily better) class than other retail type platforms.
That's only because TZ's early adopters were all serious professionals who already profit from trading as well as one institution.
TZ business model may continue to change based on votes by current paying members.
For that reason, they are and will continue to be happy.
Sincerely,
Wayne
