CHATROOM

Should TIMalerts Be An Honor System For Subscribers To Pay Later? [POLL]

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After seeing this article about the success of Kwedit’s credit plan on TechCrunch the other day–for those of you who don’t know, Kwedit allows users to play games for free with the promise of paying later….not legally binding–I can’t help but wonder should I be making TIMalert subscribers pay $50/month or should i just make it free for everyone and those who think it’s valuable/worthwhile can pay whatever they want at the ned of each month.

It’s an interesting but risky proposition given that I haven’t been promoting my testimonialed-to-death 10 instructional DVD packages hard enough lately so TIMalerts accounts for 75% of my revenue and while Kwedit’s deographics are fun loving kids, TIMalert subscribers are by and large degenerate gamblers who cannot be trusted with money and who are in desperate need of my 4 newsletters since I bring a rational and reasonable trading framework to their incompetence and ignorance.

No, I’m not being cocky, I’m being real, most penny stock CEOs, let alone penny stock traders, barely graduated high school and….well, I’m done with the putdown, I’m tired of being so honest…

Understand I’m only considering this at this point, but let’s see what you guys think in the poll below…would this be a good idea and if it is, would you promise to pay the specific value you derive form TIMalerts?

If people are honest about it and based on the monthly trading profits some TIMalert subscribers are enjoying, that means some subscribers would pay upwards of $5,000 and $10,000 per month instead of the current $50…considering there’s over a dozen subscribers who are regularly enjoying such profits, well, it could be very interesting if people actually paid what they should.

You tell me, good or bad idea:

Should TIMalerts Be An Honor System?
Gooooood Idea
Baaaaaad Idea

  
pollcode.com free polls

Posted in Adapting, Cool Products

  • ForecastMonkey

    You should offer both free and paid subscriptions. The free alerts would go out a few minutes after the paid alerts.

    People trading the free alerts would reinforce the people trading the paid alerts, and they both would reinforce your trades, leading to ever-increasing glory on covestor.

    Also, the people getting the free alerts would be able to clearly evaluate the value of the paid alerts, as they will often wish the had gotten an alert just a few minutes earlier.

  • monkeYMagic

    Yeah, make it free. And refund paid members their subs. Otherwise i smell lawsuit.

  • curtly

    C’mon Tim, you dont think anyone is honest in this game. Why would you expect people to be honest in handing over cash to you voluntarily? Especially people posting fictitious gains on your website.

    Newsflash, most people continue subscribe to you because of you, not because they are making money.