Pricing Discounts

2024.11.17 12:43:30 - By Xenminds

How we priced our product: What is the current value?

How did we ultimately come up with our pricing? Why a monthly subscription model?


TLDR; We decided on a monthly subscription, starting at $9.99. We then decided for those of you who love pain and brave enough to become an early adopter, we would offer a special price of $5.50!


We're trying something a little different. At this stage of the applications life of v1, there is still a hands-length of features we think/assume

someone would want in an application like this, and yes, there are always bugs to stomp! We could spend months and years implementing those features only to find out, it's not what everyone wants. We feel the better path it to roll out the basics and let YOU tells us what you would like to be added. So, those who want to mold the application with us, give suggestions that have a pretty good shot of being implemented, love testing/finding bugs, and reporting errors - a Foundational License is for you!


Instead of just setting the full price right out the gate and waiting for us to 'grow' into it; we decided in our opinion, the value right now is what we should currently set it at and we'll increase it accordingly. This is what we would call fair-pricing. Obviously we have to charge something 'to put food on our tables'; or, like so many microISV applications out there, Stocklog+ would simply die-on-the-vine. The application is stable, and we are constantly adding and enhancing it, which is what you would expect of us.


So how does pricing work? Right now, we've set the 'value' at $5.50, which is frankly lower than we wanted to start off for the Foundational License (FL), but we really wanted to make it a 'no barrier to entry' type of offer, and if you're trading multiple times a week/month with hundreds or thousands of dollars - even the full subscription is less than 'coffee' money to help you log everything. Once we hit our internal goal of FLs, we will remove it, leaving the regular price.


As we add more functionality, the price will increase for both levels, but FLs will ALWAYS be significantly less. We're even tossing around the idea of capping the FL so when it hits a certain price point, that's it - going forward, the price will never increase for FLs.


Why subscription? It allows us to solve several issues:


TRY BEFORE YOU BUY: Be sure to download and give it a spin before signing up. The only limitation is no matter how many accounts you set up, or trades you import, it will only display the first twelve (12) rows in the database. That will allow you to try entering some trades and get the feel of the software before any commitment. 

  • Cancel at any time: We set the subscription on a monthly cycle, if you no longer find the application is beneficial, cancel at any time via your portal and at the end of the cycle, it will flip back into Demo Mode. No need to talk us, we're not going to try to 'convince' you to stay.
  • User Control: So you want to try it for a few months? But, you have to fork over a full annual license fee? Then go through what we've all gone through - Customer Service hell to get your money back! No thanks!
  • Easier Pricing: As mentioned above, we wanted to really stay away from annual pricing and dealing with refunds. This allows you to 'use it as you go', and it allows us to keep focus on coding, not being accountants.


We wanted to make it super simple. Join or cancel, either way, you control it.


NOTE: Foundational License is limited - if you decide to cancel your FL subscription, you won't be able to reactivate the license... it's gone. Regular licenses you can turn off/on and if using the same contact info, you'll probably keep the last issued license key.