M5 it does for me, considering they have done no advertising/marketing yet.
At this rate we could have 250k users by launch of paid version.
If they convert just 10% to the basic paid package of $12.99 per month, that’s just under $4m per annum. |
bonio10000 If elevate is as good as it appears to be then the conversion rate should be at the top end. |
40k does not blow the doors off for me, but would welcome other people's thoughts. |
Hopefully this buying shifts the seller. |
CC
We have conversion rates from other SAAS models.
No reason to think we will be different. |
If it is still £1.5k to £2k per 10,000 signups and 3 percent of those end up paying £20 per month, the economics are very good. |
They're doing it the right way, paid search first, SEO later |
At the moment everyone counted is a user and none are paying customers. It's the conversion rate that is the big unknown. I suspect that the reason for the lengthy lead in is that SR wants the users hooked before they have to decide and the more they have used it the more they are likely to convert. |
The only known costs of gaining users was the £1.50 a head incurred in respect of the first recruits in September. |
Sorry, 39,900 users and a 100 curious shareholders |
The real question is, how much has it cost them to get these 40k users - the term users needs to be addressed, does it just include the likes of myself that signed up just take a look, or is it truely users that will pay?
How much will it cost to attract another 40k let alone a million. |
40k regular users ?
How many one-off users in that number ? |
Can't use it unless you sign up
It's not the visitors on Google Analytics |
Users will mean they have registered and signed up to elevate.io. |
I think ‘users’ needs to be defined.
Is that just unique visitors to the website?
Or regular online content creators?
Are they using the services free of charge ? |
To put elevate's costs into perspective when the paying release happens in Q1 2025 Adobe current Creative Cloud for individual single app plans now include
Generative Credits, Adobe Express, and Adobe Firefly:
Annual billed monthly: Increase of £2.01, from £19.97 to £21.98 per month
Month-to-month:̷9;Increase of £2.64, from £30.34 to £32.98 per month
Annual prepaid: Increase of £24.09, from £238.42 to £262.51 per year
Creative Cloud for individual All Apps plan now includes Generative Credits, Adobe Express, and Adobe Firefly:
Annual billed monthly: Increase of £5, from £51.98 to £56.98 per month
Month-to-month:̷9;Increase of £6.50, from £78.98 to £85.48 per month
Annual prepaid: Increase of £59.88, from £596.33 to £656.21 per yeart charges: |
Wonder if the ideo is via Spark. |
Is the integrated video in the RNS because of elevate or can any company add a video to an RNS? |
Great progress
User acquisition going great with minimal cost/effort (presumably)
Good to hear paid is still due for q1 |
Is ‘40k users’ the same as 40k subscribers ? |
Unless there's been a change YouTube is an upload service with a few gimmicks like add music/ select thumbnail.
It's probably too expensive for them to allow editing. |
Not exactly taking off with the numbers is it share price wise . Think I'll wait to see the numbers on the balance sheet to see how many actually paid and still use it etc . My guess is that metric will not be impressive at all |
For comparison:
Adobe "Creative Cloud was launched in mid-2012 and quickly amassed over 500,000 subscribers in its first year. By the end of 2013, it counted 1.4 million users on board. Forbes analysts calculated the number of subscribers for 2017 to be 12 million." Latest estimates are 33M.
BIRD has an initial target of 1M |
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