I've audited luxury goods.
Often the cost to make is not significantly more than generic product. In some cases it is made in the same factory.
As you say, you increase the price and people often think it is better. |
On the whole in life people don't value what they haven't paid for.
I remenber years ago having a product that we couldn't sell. So we trebled the price and the sales soared. Why? Because at the lower price nobody believed that it did what we said. At the higher price they did. |
I'd probably release the lot.
Then when there is a paywall, existing users get 2 weeks of complete usage before some parts are moved to paid.
New users get, say, a month of all features, then have to pay.
As with most things in life, you need to show a little ankle now and then. |
Another possibility is that they're testing the water for key features that can be placed in the premium tier.
Super delicate balance - you want viral usage, but free users don't pay.
Really looking forward to seeing what they do here. |
Chris
Totally agree. |
It's becoming very clear that what SBS has consistently said is true: it's very difficult for competitors to do what elevate.io is now doing by using the underlying BIRD software. The competition have been cut off from using BIRDs path by their patents. It could take them years to find even a second best way and by then BIRD will have moved on and taken out more patents.
So I think we are nearing the point when hanging on for the price to fall another 0.5p might not be a good move. |
Yes definitely, including the generator work that opens up a lot of interesting options. What they have so far is working excellently. |
It might well be that they have developed them all and will use the survey as a means to work out which ones to introduce when.
But I am not convinced that is correct. |
I reckon we will start to see more visible features coming through now
I strongly believe all the past effort has been on the underlying architecture and getting core performance flying |
NickB - definitely agree re audio to text - only to offered in paid (or perhaps 5 mins worth in free so they can test! :) Should be a key converter though! |
Ortegaworm - not sure if that was in response to my post re audio to text and brand kits. To be clear, I'm not frustrated.
The way I see it, and to use the analogy, it's about optimising the path the tortoise takes over the next 6 months. The #1 near term goal over the next 6 months needs to be developing the product to optimise initial conversion, but not at the expense of errors/bugs - the better they do that, the more funding they can acquire, and the more they can accelerate growth. Presumably partly why they're asking people now what they prioritise most - to establish the lowest hanging fruit. And why they ask characteristics about the person, so they can see what the people with the biggest budgets want!
I've just done the survey and it's good to see the options they are giving - should generate a lot of excitement in the respondents. |
“Every day will get a little bit more expensive..
I am confident.”
On the contrary. Since the recent run to nearly 8p and your predictions of great things it has only got cheaper.
Not more expensive.
Anyone following your charts here time and again will have LOST money. Time and time again.
Cheapy cheapy cheap cheap.
Of that I’m confident, but then that’s a fact rather your usual blather. |
Marketing does look and feel elevated recently |
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Ortegaworm
Tried running before walking
Yes exactly
I feel some of these startups have been Naive to how difficult this is |
Pat
I would imagine Audio to Text would have to be in the paid version as it costs us.
Amazon AWS seems to have it so that might be what they use via an API or 12 labs |
Do you hold or not that is the question.?
THE CULT is in..
Every day will get a little bit more expensive..
I am confident.
BWTFDIK
SSB |
The Tortoise and the Hare springs to mind doesn't it.I won't proclaim to be a tech whizz but where all others have failed it appears they have tried running before walking.I appreciate its frustrating but this is definitely the correct approach.Built to last. Slow and steady wins the race. |
Having not looked at the survey itself yet, those were the three things top of my list that I wanted to see next - so good to hear they’re in the options and you picked them.
I would also like to see audio to text and brand kits as I think there’d be a lot of demand for them and could help conversion once paid tiers come in. Though I imagine the latter would be a lot of work. |
Pat
Absolutely!
Having just filled it in it is as much about the type of user you are
(No investor option😀)
They list about a dozen features that you might like and you can choose 3.
I choose:
Speed of video adjustments eg Slo Mo
Vertical Video
Key frames
No option to choose them all😂
45 seconds to complete
Nice outreach and hopefully all my requested features will be in end of next week. |
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