RANT: @runnersworld launched a subscription. GREAT! I love Runners World and want them to win. They have 18k sign ups. GREAT. But...they charge $30...A YEAR. That's $540,000 a year in revenue. That's just crazy to me.https://digiday.com/media/year-runners-world-signed-18k-digital-membership-program/ …
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I do not understand why most companies do not charge more. I think most people undercharge because 1) they copy others 2) an employee doesn't wanna suggest charging more and looking stupid/get fired 3) media folk/journalists want to be affordable for everyone
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But...with $540k a year in subscription revenue...that's nothing. You might as well make it free. I think a company like Runners World could surely make tens of millions in subscription revenue, training plans, and other things like that...if they got their pricing right.
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My opinion (which came from people much smarter than me) is that most companies should charge as much as 10x what they're currently charging.https://www.businessinsider.com/marc-andreessen-advice-to-startups-raise-prices-2016-6 …
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Replying to @theSamParr
@theSamParr big fan of the@TheHustle but I have mixed feelings about this post. Does this mean that if a company wants to advertise with@TheHustle they should not expect an ROI? Or is it up to the company to determine if it is a good idea to advertise with@TheHustle?1 reply 0 retweets 2 likes -
Replying to @AKASpencerScott @TheHustle
How did you come to that conclusion? I see zero connection.
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Replying to @theSamParr @TheHustle
Wasn't trying to be rude. Was simply thinking in the Advertising space
@TheHustle has a ceiling on what the company can charge customers before it doesn't make sense to advertise. If that is true then 10x ing the price may not drive an ROI for advertisers.2 replies 0 retweets 2 likes -
In the case of
@runnersworld, I would hope they tested their price and came to $30 is a reasonable number considering the@nytimes $96 a year.1 reply 0 retweets 2 likes
That's a mistake. You do not position it as NYT vs Runnersworld. You position as a professional coach, which cost $250k a year. You position it as life saving - if you don't get fit, you'll live less. Or against regret. Imagine looking back when you were ten years younger...
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Replying to @theSamParr @AKASpencerScott and
- don't you wish that you took advange of your youth and ran your 5k 3 minutes faster? Well, you can. Don't regret it. Sign up now
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Replying to @theSamParr @AKASpencerScott and
So - whenyou say al those things - $1000 is a no brainer.
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