> Anonymize and aggregate the data, then sell it off to financial and marketing firms.
Horrible. Goes against the privacy oriented aspect of this app.
> Add ads to the site.
Oh great, more useless ads I have to block. Nothing like getting a crypto scam ad while viewing your portfolio performance. Horrible UX idea.
> Charge a subscription fee.
Yet another SaaS, centralization of data, and betrays the privacy oriented aspect
> Partner with banks as a white label financial planning tool.
Likely won’t work. Maybe small advisors would buy into it but at that level there are a plethora of tools available to them with real time aggregation available via Plaid or even old school scraping (doubtful in 2024 though).
How about this? Just charge one time fee for major versions of the app. Minor and patch versions are free. Keep the privacy oriented aspect and local to users machine.
Why must you always use the worst ways to monetize? Treat users with respect and you will have life long customers. Not everything needs to be a billion dollar unicorn pumped with VC funds.
> Why must you always use the worst ways to monetize? Treat users with respect and you will have life long customers. Not everything needs to be a billion dollar unicorn pumped with VC funds.
They aren't the worst ways to monetize, they are just the ones that work.
> How about this? Just charge one time fee for major versions of the app. Minor and patch versions are free. Keep the privacy oriented aspect and local to users machine.
Unless he is charging a substantial and/or recurring amount, there is no way he will put up with angry customers and enjoy maintaining the software in the long term.
Plus, if this is hosted, hosting is a variable cost that always goes up, so his prices for updates will always be increasing.
A few ideas:
Anonymize and aggregate the data, then sell it off to financial and marketing firms.
Add ads to the site.
Charge a subscription fee.
Partner with banks as a white label financial planning tool.