Comment by cbeach
3 days ago
Great job on this webapp, it's a really easy-to-use platform. I've toyed with the same startup idea myself, having tracked my personal finances and life projection for years now using Google Sheets, Grafana and other tools.
Just an annecdotal bit of feedback: I would like to continue using ProjectionLab but $109/year is beyond what I'm willing to spend, especially given ProjectionLab doesn't integrate with any live tracking of property prices / investment portfolio valuation etc.
If it were $40/year I probably would subscribe. But $109 is too much to justify (and I am reasonably well off).
Have you A/B tested different pricing levels to find the sweet spot that maximises revenue?
We've done some pricing experimentation over the years, and it's possible we're actually still positioned too cheap right now for the value the platform provides.
Personal finance is a pretty broad space, and it's common for different people to come to this with varying desires and expectations.
In our experience, the people who see the value in a good long-term DIY financial plan view our current pricing as extremely affordable, especially compared to traditional financial planning services which often charge $3-5k for a PDF and a pat on the back.
Anyway, if automated tracking is the piece that's most important to you, it might be worth noting that we do plan to add more options for that. But that work -- and all the other controversial implications of it that I mentioned in another comment -- just needs to be prioritized against all the other highly requested things on the product roadmap, based on what the community really wants the most.
I tend to agree with the sentiment. The only reason I subscribed to ProjectionLab was to appreciate the hard work of Kyle. Otherwise, "New Retirement" (now called Boldin) serves my purpose. It provides similar features and it provides automatic updates too.
Thanks for the recommendation. I just tried Boldin and it looks good, but seems to be US-centric? I'm in the UK and it didn't model my situation very accurately unfortunately