Chapter
The economics of $3 subscriptions and the cost of scaling
57:31 - 1:00:56 (03:24)
The co-founder of Photopea discusses the economics of a $3 subscription model, the cost of scaling, and what it takes to sustain a business.
Clips
The speaker discusses ways to grow an online tool, using the example of Photopea which has 10 million unique visitors per month and aiming to grow it to 40 million by improving SEO, increasing virality, enhancing templates and features, and incorporating AI.
57:31 - 59:05 (01:34)
Online Tools
Summary
The speaker discusses ways to grow an online tool, using the example of Photopea which has 10 million unique visitors per month and aiming to grow it to 40 million by improving SEO, increasing virality, enhancing templates and features, and incorporating AI.
ChapterThe economics of $3 subscriptions and the cost of scaling
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The hosts discuss the economics behind a subscription business model and how to calculate the burn rate based on customer conversion rates and monthly fees.
59:06 - 1:00:56 (01:49)
subscription business model
Summary
The hosts discuss the economics behind a subscription business model and how to calculate the burn rate based on customer conversion rates and monthly fees.