2008 October | Paymo.biz

Paymo has grown a considerable user base since its launch in January and we’re already working on a new version that we hope everyone will enjoy. We’re also in the process of redesigning our webpage and we would like to ask for your help.

We’re going to create a Testimonials page were we want to post your experiences with Paymo. If you want to be featured on this page please send us the following content by email (support@paymo.biz):

1. Full Name
2. Company Name
3. Company URL
4. Company Logo
5. Testimonial
6. Your picture (optional)

I’ve came across a interesting article by Zoli Erdos titled Would You Spend Your Lunch Money on a Web 2.0 Service? It contains a couple of points that are very similar to our business model here at Paymo and we really believe this is the way for the future. Some quotes below:

The genius in the Freemium model is that it allows new services to gain traction, essentially using us, free users as the marketing vehicle, then is we get hooked, we’re likely upgrade to enhanced services for a fee.  This is neither “free” nor “bait-and-switch” – a completely acceptable, normal business model.  In fact I think – especially in bad times like now – a switch by a popular service after their beta period to a fully paid model is also reasonable, albeit not easy.

While I never particularly liked it, let’s face it, the free, ad-supported model worked for a while – but it’s about to come crashing down fast.  That leaves us  with the fundamental rule in business: deliver value, get paid.