(no title)
oan
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3 years ago
Hey! This is actually a website of mine, so I appreciate the feedback. About the price, any alternative or similar products' memberships cost around double (if not more) for often less features, so I'd say the pricing is actually quite low.
For the costs, I would say S3 for the assets is the biggest one, at least with the current 150-200,000 monthly users. The actual art as well is a cost since it's all original, but that can vary if say we don't add any new set for a month, which has happened only one time.
Thanks again for the feedback!
bricemo|3 years ago
As much as I love lofi, I agree with the other comments that it's hard to compete with the abundant cheap/free content out there. I'm not saying this isn't higher production quality (it definitely is) or this doesn't pull it all together better (it does). I'm saying: it's not 10x better such that I would want to pay for it. I don't think $1 vs $4 makes much of a difference - it's the jump from free to paid that's the sticking point.
I want this to succeed and I think I am your exact target market, so I'm racking my brain trying to figure out what would make this worth it. In its current form it seems to only be providing enough value to be ad supported (hopefully your revenue proves me wrong?).
Stepping back: the overall purpose of lofi IMO is to be able to concentrate and work in a chill productive environment. Some crazy ideas of things I would definitely pay for: - Maybe it's a monthly coffee subscription sent to your house and the coffee gets featured in the artwork - Maybe you can set up group study sessions and listen together. There's been some great experiments of scheduling a focus time with another person and they are highly productive - There's coffee shops in Japan where you can't leave until you finish your work. Maybe some kind of social commitment like that built into the site - Commit Action is a cool service that helps you break down tasks. Maybe some human consultation like that
All of these are pretty big investments.
Good luck!
oan|3 years ago
As for the price, I do agree on the jump between free and paid, but I also think that there's nothing actually similar to lofi.co around. The timer for one, even though it looks like a simple pomodoro timer, it's actually a lot more advanced than that and the only platform I know offering something slightly similar has only that as a product and charges double our monthly fee. Again it's hard to think of lowering the price when the competition is charging netflix-level monthly fees or other similar companies still higher fees for a fraction of the features.
May I ask what you mean with 'enough value to be ad supported'? I don't really like to share revenue online, but I can say the platform is profitable and has been growing steadily since launch.