Totally agree with you. I tried offering the cheapest price hoping it would help small businesses and the customers I got were very hard to deal with - taking a lot of support time. And the funny thing is they talk to you as if they are paying 10X the amount they are.
Yep, exactly! This was a lesson I learned early on. You can gain a lot of customers quickly with cheap prices, but at the same time you have to make sacrifices in other areas. 1) It's very hard to offer above and beyond support when you have many customers paying pennies on the dollar. For a while it may work, but as the business grows, you'll have to hire more people to help, and it's going to be hard to sustain a reasonable ROI. 2) It's also very hard to offer a premium network with many cheap customers. You'll find several customers using a ton of disk space/performance, but if you're prices are too cheap you're going to have load many of them on a server/account to be profitable. This leads to increased demand on the server, which eventually will cut into performance. I believe it's key to find an even balance between 'competitive pricing' and the quality of customer you're looking for. I would personally rather offer more quality than quantity.
wow, this has been a year. I just wanted to know some details for example. If my reseller plan is Gold, ill be having 60 customers. will they be enjoying the same inclusions i have on my Gold plan? ot should I divide it throughout my customers? How to diversify my plan to create packages for my customers? is there a video about that?
I want to do this just dont know how any of it works I have like 3 sites I want to start and help small businesses get started any advice? It's funny I keep hear people say find a mentor but where ? lol I hate being ADHD
I have ADHD, diagnosed and the meds to prove it ;) That's why I created our Reseller Hosting 101 course to go through step-by-step www.namehero.com/startup/reseller-hosting-101-start-web-hosting-business-free-course/ do that first, then decide :)
Unfortunately the Black Friday / Cyber Monday mega sale is over! You'll have to wait until next year to see discounts that good again! But still, you can save using our offerings on Web Hosting Talk (www.webhostingtalk.com/showthread.php?t=1686075).
i love you Ryan, watch this in 2021 still loves it.
Totally agree with you. I tried offering the cheapest price hoping it would help small businesses and the customers I got were very hard to deal with - taking a lot of support time. And the funny thing is they talk to you as if they are paying 10X the amount they are.
What was ur price ? Base plan price
NZD 5/mo for 1GB
Okay
Yep, exactly! This was a lesson I learned early on. You can gain a lot of customers quickly with cheap prices, but at the same time you have to make sacrifices in other areas. 1) It's very hard to offer above and beyond support when you have many customers paying pennies on the dollar. For a while it may work, but as the business grows, you'll have to hire more people to help, and it's going to be hard to sustain a reasonable ROI. 2) It's also very hard to offer a premium network with many cheap customers. You'll find several customers using a ton of disk space/performance, but if you're prices are too cheap you're going to have load many of them on a server/account to be profitable. This leads to increased demand on the server, which eventually will cut into performance. I believe it's key to find an even balance between 'competitive pricing' and the quality of customer you're looking for. I would personally rather offer more quality than quantity.
Thank you for the vids, I'm hoping to grow something big with NameHero.
You're welcome! We look forward to working with you :)
Love this content, actually exactly what I was looking for today !
P.s. your voice is similar to the guy who played Bruce Banner in Avengers 🙃
Haha thanks!!
Don't make him angry....
Great job, keep them coming!
Thank you! We will!
love your videos bud. I would love to sign up for a reseller
wow, this has been a year. I just wanted to know some details for example. If my reseller plan is Gold, ill be having 60 customers. will they be enjoying the same inclusions i have on my Gold plan? ot should I divide it throughout my customers? How to diversify my plan to create packages for my customers? is there a video about that?
I want to do this just dont know how any of it works I have like 3 sites I want to start and help small businesses get started any advice? It's funny I keep hear people say find a mentor but where ? lol I hate being ADHD
I have ADHD, diagnosed and the meds to prove it ;) That's why I created our Reseller Hosting 101 course to go through step-by-step www.namehero.com/startup/reseller-hosting-101-start-web-hosting-business-free-course/ do that first, then decide :)
@@NameHero I will
@@NameHero thanks
@@NameHero Would there be a way for me to have a interview with you about being ADHD?
I guess not thanks anyways
Good
will you give discount same like black Friday. we are waiting.
Unfortunately the Black Friday / Cyber Monday mega sale is over! You'll have to wait until next year to see discounts that good again! But still, you can save using our offerings on Web Hosting Talk (www.webhostingtalk.com/showthread.php?t=1686075).