I have used this bot many times and I would certainly continue at 0.420 instead of 0.042 because I think it is a reliable service at reasonable fee. I agree that the owner should reconsider as you suggest.
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You would? Why? Many of the posts that I resteem don't make that much, or if they do - its not thanks to me.
Is it worth it, statistically to use the bot at that price?
you know what... no need to answer. Ill make some research myself. ill make an SQL query about how much people earn thanks to me.
Now you're thinking solid. I certainly would. Open communication within telegram discord so you add more value plus advise users. Also, if you offer too cheap people don't put effort and u lose credibility.
Developing your follower base plus the quality of content I think it all works hand in hand
I did some research and made the math. There is a bit of room for increasing the price, but not as much as you thought.
At maximum, I'd increase the price to "reputation / 500" for everyone with reputation above 40 or 45. That would mean that your price will be 0.084 instead of 0.042.
While increasing the price more is also possible, it will no longer be economically sensible to use my bot for most of my users.
The thing about resteeming bots is that they rely on their communities. If people stop using my bot, then they'll probably also stop checking out the articles I resteem. Then these resteemed articles will get less votes, and even more people will leave.
Increasing the price is a short term solution that will kill the bot in the long term.
I certainly trust that your calculations are accurate. But do not forget also, that the benefit to users is not reflected only in direct rewards, but also in visibility. I was considering all evening our exchange here.. shortly: if you considere how to increase the value to your customer by offeringthem access to a better audience, plus increase the price - if you presented to them in a transparent way, how you have done this and how you will keep the audience in your followers list, I think you have a winning formula.
I understand you have a pressing need, but this goose you have can lay mnore golden eggs.
If I do that, it will be like a full time job.
I'll have to leave my own job for it.
I'm sorry, but I never looked at this project as a job. It is simply a passive income source to me.
Let me explain it in another way. This is my son:
I want him, and his mother to live in a better place. It is not a "passing need", because the need for a place to live will not pass.
He is my motivation.
Maybe you are right.
Maybe you can even earn 10 times more than I do now.If you believe that @resteembot can be even better working and that it is worth your time, feel free to bid for it and take over.
But I can not afford to take risks.
Not with him around.
I haven't that kind of money, nor the know-how to run a bot. I have 3 dependents growing up with my support though, so I appreciate the pressures. Anyway, if you don't see any other way, I wish you luck. Otherwise, what you may need is a small team of staff to share in the profits while also doing the necessary to upgrade it. For your sake, I hope you don't sell short of the long term value of it. Take care.
Also - I really do need the money as soon as possible.
Just so you understand, I am a person who puts his money where his mouth is, I sent you a new order a few moments ago for resteem. I hope and trust you will arrive at a good decision that works for you in the long term.