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Today - Effective May 28/24 SEC New T+1 Settlement should slow down flippers trading $RONN on unsettled funds.
"What Will Change?
Under the new “T+1” settlement cycle, all applicable securities transactions from U.S. financial institutions will settle in one business day of their transaction date. For example, if you sell shares of ABC stock on Monday, the transaction will settle on Tuesday. That means that if you have a securities certificate, you may need to deliver your securities certificate to your broker-dealer earlier or through different means than you do today. If you hold your securities with your broker-dealer, your broker-dealer will deliver the securities on your behalf one day earlier. Similarly, if you are buying securities subject to the “T+1” settlement cycle, you may need to pay for your securities transactions one business day earlier. "
https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins/new-t1-settlement-cycle-what-investors-need-know-investor-bulletin
Thank you for my last million, sellers! Now let's go $RONN!
Great trading range but I believe the big dollars are ahead. Some will be stuck on the sidelines watching it run while waiting for funds to free up.
What an opportunity here in $RONN!
Effective May 28/24 SEC New T+1 Settlement should slow down flippers trading $RONN on unsettled funds.
"What Will Change?
Under the new “T+1” settlement cycle, all applicable securities transactions from U.S. financial institutions will settle in one business day of their transaction date. For example, if you sell shares of ABC stock on Monday, the transaction will settle on Tuesday. That means that if you have a securities certificate, you may need to deliver your securities certificate to your broker-dealer earlier or through different means than you do today. If you hold your securities with your broker-dealer, your broker-dealer will deliver the securities on your behalf one day earlier. Similarly, if you are buying securities subject to the “T+1” settlement cycle, you may need to pay for your securities transactions one business day earlier. "
https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins/new-t1-settlement-cycle-what-investors-need-know-investor-bulletin
$RONN is getting twitchy...
Noticed on April 17, someone hit the ask for 46m at .00078.
$RONN printed .0002's and .0003's on Monday.
$CRSM News Aug 6, 2019
New COO, Ex-Lyft
https://www.stockwatch.com/News/Item.aspx?bid=U-z7689542-U%3aCRSM-20190806&symbol=CRSM®ion=U
CarSmartt ® Announces New Company COO
2019-08-06 08:30 ET - News Release
MIAMI, Aug. 06, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- CarSmartt® (OTC: CRSM) is pleased to announce the hiring of its new chief operating officer, Nick Bittante, ex-Lyft.
Chief Executive Officer Roy Capasso commented, “I am very excited to welcome our new chief operating officer, Nick Bittante. The board of directors was searching for an experienced figure in the startup and rideshare worlds. Nick is the right leader to build upon CarSmartt’s momentum with his unique background of starting companies from scratch and managing at scale. His passion to change transportation for the better is contagious, having worked already with other ridesharing companies such as Lyft and Zum, where he was responsible for growth. He has successfully taken part in starting and running eight technology and retail companies in Europe and in the U.S. so far. His knowhow and expertise will help accelerate CarSmartt to a different level.”
Mr. Bittante commented, “This is an incredible opportunity. I am passionate about urban mobility and technology. I believe it can result in smart services that address the needs of a modern society. The most immediate priorities are to review aspects of our business plan and fast track the recruitment of key department heads while also raising CarSmartt’s brand awareness in our focus markets. Initially, I plan to spend time defining and polishing aspects of the brand and continuing to grow the recruitment of drivers. I am confident that we can create something very special, improving drivers’ lives and charging ahead with our national expansion strategy very soon.”
Mr. Bittante begins his assignment immediately, based at the company headquarters in Miami, Florida.
CarSmartt(R)Inc, is an American transportation network company (TNC) offering a peer-to-peer ridesharing service. The company is based in Miami and its platform can be accessed via its mobile app (Android and iOS). All CarSmartt(R) drivers are subject to a background check to reassure the safety of our passengers.
CONTACT
CarSmartt(R)
5246 sw 8 st. #103c
Coral Gables Fl 33134
Website: http://www.carsmartt.com
Phone: 650-460-7416
Email: Info@carsmartt.com
FORWARD-LOOKING STATEMENT
Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although CARSMARTT(R), Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, CARSMARTT(R), Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company's ability to meet the conditions necessary to, among other matters, obtain a public listing on a major national exchange.
© 2019 Canjex Publishing Ltd. All rights reserved.
CRSM News Aug 6, 2019
New COO, Ex-Lyft
https://www.stockwatch.com/News/Item.aspx?bid=U-z7689542-U%3aCRSM-20190806&symbol=CRSM®ion=U
CarSmartt ® Announces New Company COO
2019-08-06 08:30 ET - News Release
MIAMI, Aug. 06, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- CarSmartt® (OTC: CRSM) is pleased to announce the hiring of its new chief operating officer, Nick Bittante, ex-Lyft.
Chief Executive Officer Roy Capasso commented, “I am very excited to welcome our new chief operating officer, Nick Bittante. The board of directors was searching for an experienced figure in the startup and rideshare worlds. Nick is the right leader to build upon CarSmartt’s momentum with his unique background of starting companies from scratch and managing at scale. His passion to change transportation for the better is contagious, having worked already with other ridesharing companies such as Lyft and Zum, where he was responsible for growth. He has successfully taken part in starting and running eight technology and retail companies in Europe and in the U.S. so far. His knowhow and expertise will help accelerate CarSmartt to a different level.”
Mr. Bittante commented, “This is an incredible opportunity. I am passionate about urban mobility and technology. I believe it can result in smart services that address the needs of a modern society. The most immediate priorities are to review aspects of our business plan and fast track the recruitment of key department heads while also raising CarSmartt’s brand awareness in our focus markets. Initially, I plan to spend time defining and polishing aspects of the brand and continuing to grow the recruitment of drivers. I am confident that we can create something very special, improving drivers’ lives and charging ahead with our national expansion strategy very soon.”
Mr. Bittante begins his assignment immediately, based at the company headquarters in Miami, Florida.
CarSmartt(R)Inc, is an American transportation network company (TNC) offering a peer-to-peer ridesharing service. The company is based in Miami and its platform can be accessed via its mobile app (Android and iOS). All CarSmartt(R) drivers are subject to a background check to reassure the safety of our passengers.
CONTACT
CarSmartt(R)
5246 sw 8 st. #103c
Coral Gables Fl 33134
Website: http://www.carsmartt.com
Phone: 650-460-7416
Email: Info@carsmartt.com
FORWARD-LOOKING STATEMENT
Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although CARSMARTT(R), Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, CARSMARTT(R), Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company's ability to meet the conditions necessary to, among other matters, obtain a public listing on a major national exchange.
© 2019 Canjex Publishing Ltd. All rights reserved.
Hey West!
Have to agree with you on MIKP. I like the follow through with the "Step by Step" plan.
Seems to be rumbling ... crazy buys/volume late yesterday.
Best,
Thurston
I've had my eye on the ask at .0036.
That's why I'm still here...
KMAG up 25% ... 1M+ buy at .001....
If they'd raise their ask, things would look different for KMAG.
KMAG holding up well. Looking for a steady move up today.
Won't take much for a green close.
KMAG
KMAG looking good for a move up now that selling is over.
MIKP News...
http://www.stockwatch.com/News/Item.aspx?bid=U-b006120-U%3aMIKP-20111221&symbol=MIKP®ion=U
Mike The Pike Productions, Inc. Enters Discussions to Acquire Film Company with Library of Movies with Active Sales Contracts
2011-12-21 13:27 ET - News Release
Company Website: http://blog.mtpprods.com
LOS ANGELES -- (Business Wire)
Mike the Pike Productions, Inc. (Pink Sheets: MIKP) has entered discussions to acquire a film company and its library as a wholly-owned subsidiary. The company produces low-budget genre films for the global marketplace that have proven particularly attractive to buyers in international markets.
The company’s founders have extensive experience creating content with longstanding relationships to buyers worldwide and presence at most major film markets including the AFM, Berlinale and Cannes.
MIKP CEO, Mark B. Newbauer states, “This is a tremendous opportunity for us; one of many notable relationships secured in attendance at this year’s American Film Market. I am confident we can proceed toward collective benefit and, as a result, MIKP will have taken on a company that produces 5-6 low budget films per year for immediate assets on the books and a potential revenue stream like never before.”
He continues, “This allows the company to focus on post-production for its effects-driven sci-fi thriller White Space and development of the werewolf thriller, George R.R. Martin’s The Skin Trade, while at the same time bringing in a consistent flow of product and revenues all the while, year after year.”
MIKP is currently underway with actions in hopes of restoring DTC eligibility. According to DTC, the next step is to identify a member firm that will advocate on behalf of MIKP toward reinstatement. “We have identified a handful of parties that may be able to help with this. Quoted time frames for success are anywhere between 30 days to 6 months. Until then, it has been brought to our attention that E-Trade platform may be a good choice for buyers,” states Newbauer.
More news to come as the company enters into the New Year. MTP wishes everyone a Joyful holiday season with peace, happiness, health, wealth and success.
Want more than press? Check out the MIKP BLOG
JOIN MIKP on Facebook
ENTER WHITE SPACE HERE
'Like' and 'Share' if you Dare: GEORGE R.R. MARTIN'S THE SKIN TRADE on Facebook …based on the World Fantasy Award-Winning novella by the New York Times Bestselling author behind HBO’s Game of Thrones
Contacts:
IR Contact:
The Nuemark Group
Shaun Kohlmeier, 1-888-805-6636
Investors@nuemarkgroup.com
Source: Mike the Pike Productions, Inc.
This is how Mark had explained it to me early last year:
"The way most indie film companies work is that each separate film is produced as an LLC- so as to protect the company and its private investors containing costs and returns in one vehicle; however, all of the LLCs for each film will have its net revenues going to Mike the Pike Productions."
Cheers,
Thurston
MIKP
That would be ideal.
It's just a matter of time and OPMG is going to rock again.
Cheers,
Thurston
New YouTube video uploaded by PhoneGuard:
MIKP .0011 - News! Lead of new film, White Space, is Holt McCallany - McCallany was recently cast alongside Ryan Gosling, Emma Stone and Josh Brolin in The Gangster Squad!
Mike the Pike Productions, Inc. Announces Principle Cast on Sci-Fi Thriller, ‘White Space,’ with Potential Revenues up to...
print
Mike The Pike Prods (PC) (USOTC:MIKP)
Intraday Stock Chart
Today : Friday 9 September 2011
Mike the Pike Productions, Inc. (Pink Sheets: MIKP) (www.mtpprods.com) proudly announces Holt McCallany ('Alien 3,' 'Fight Club') in the lead role of its sci-fi thriller, ‘White Space.’ ‘White Space’ is a thriller with a strong ensemble cast including Zulay Henao (‘Fighting,’ ‘Taken’), Jimmy Devoti, Dave Sheridan, Kodi Kitchen, Mike Genovese, Tiffany Brouwer, Jocko Sims and Max Charles, who plays young Peter Parker in the upcoming 'The Amazing Spiderman,' among others.
As recently announced in Variety, “McCallany plays the captain of a deep space fishing vessel that goes on the hunt for a mythic creature in an unexplored region of the galaxy.” McCallany was recently added to the cast of 'The Gangster Squad,' alongside Ryan Gosling, Emma Stone and Josh Brolin.
‘White Space’ was written by Clay McLeod Chapman, directed by Ken Locsmandi with Ryan Colucci, Jim Devoti and Mark B. Newbauer producing. The film is currently in post-production with full-service post and visual effects provided by www.filmworksfx.com. It is the first on a slate of MIKP films including ‘The Skin Trade,’ based on award winning author George R.R. Martin’s novella by the same name. Martin is the author/creator behind HBO’s Emmy Nominated ‘Game of Thrones.’
More ‘White Space’ news to come as well as developments in Spokefish, MIKP’s Graphic Novel division in partnership with Spoke Lane Entertainment.
Check out IPOdesktop’s Mike the Pike Productions Analyst Report http://www.gaskinsco.com/linkto-mikp.shtml
Want more than just press releases? Check out our blog! http://blog.mtpprods.com
http://ih.advfn.com/p.php?pid=nmona&article=49121208
MIKP .0011 - News! Lead of new film, White Space, is Holt McCallany - McCallany was recently cast alongside Ryan Gosling, Emma Stone and Josh Brolin in The Gangster Squad!
Mike the Pike Productions, Inc. Announces Principle Cast on Sci-Fi Thriller, ‘White Space,’ with Potential Revenues up to...
print
Mike The Pike Prods (PC) (USOTC:MIKP)
Intraday Stock Chart
Today : Friday 9 September 2011
Mike the Pike Productions, Inc. (Pink Sheets: MIKP) (www.mtpprods.com) proudly announces Holt McCallany ('Alien 3,' 'Fight Club') in the lead role of its sci-fi thriller, ‘White Space.’ ‘White Space’ is a thriller with a strong ensemble cast including Zulay Henao (‘Fighting,’ ‘Taken’), Jimmy Devoti, Dave Sheridan, Kodi Kitchen, Mike Genovese, Tiffany Brouwer, Jocko Sims and Max Charles, who plays young Peter Parker in the upcoming 'The Amazing Spiderman,' among others.
As recently announced in Variety, “McCallany plays the captain of a deep space fishing vessel that goes on the hunt for a mythic creature in an unexplored region of the galaxy.” McCallany was recently added to the cast of 'The Gangster Squad,' alongside Ryan Gosling, Emma Stone and Josh Brolin.
‘White Space’ was written by Clay McLeod Chapman, directed by Ken Locsmandi with Ryan Colucci, Jim Devoti and Mark B. Newbauer producing. The film is currently in post-production with full-service post and visual effects provided by www.filmworksfx.com. It is the first on a slate of MIKP films including ‘The Skin Trade,’ based on award winning author George R.R. Martin’s novella by the same name. Martin is the author/creator behind HBO’s Emmy Nominated ‘Game of Thrones.’
More ‘White Space’ news to come as well as developments in Spokefish, MIKP’s Graphic Novel division in partnership with Spoke Lane Entertainment.
Check out IPOdesktop’s Mike the Pike Productions Analyst Report http://www.gaskinsco.com/linkto-mikp.shtml
Want more than just press releases? Check out our blog! http://blog.mtpprods.com
http://ih.advfn.com/p.php?pid=nmona&article=49121208
MIKP .0011 - News! Lead of new film, White Space, is Holt McCallany - McCallany was recently cast alongside Ryan Gosling, Emma Stone and Josh Brolin in The Gangster Squad!
Mike the Pike Productions, Inc. Announces Principle Cast on Sci-Fi Thriller, ‘White Space,’ with Potential Revenues up to...
print
Mike The Pike Prods (PC) (USOTC:MIKP)
Intraday Stock Chart
Today : Friday 9 September 2011
Mike the Pike Productions, Inc. (Pink Sheets: MIKP) (www.mtpprods.com) proudly announces Holt McCallany ('Alien 3,' 'Fight Club') in the lead role of its sci-fi thriller, ‘White Space.’ ‘White Space’ is a thriller with a strong ensemble cast including Zulay Henao (‘Fighting,’ ‘Taken’), Jimmy Devoti, Dave Sheridan, Kodi Kitchen, Mike Genovese, Tiffany Brouwer, Jocko Sims and Max Charles, who plays young Peter Parker in the upcoming 'The Amazing Spiderman,' among others.
As recently announced in Variety, “McCallany plays the captain of a deep space fishing vessel that goes on the hunt for a mythic creature in an unexplored region of the galaxy.” McCallany was recently added to the cast of 'The Gangster Squad,' alongside Ryan Gosling, Emma Stone and Josh Brolin.
‘White Space’ was written by Clay McLeod Chapman, directed by Ken Locsmandi with Ryan Colucci, Jim Devoti and Mark B. Newbauer producing. The film is currently in post-production with full-service post and visual effects provided by www.filmworksfx.com. It is the first on a slate of MIKP films including ‘The Skin Trade,’ based on award winning author George R.R. Martin’s novella by the same name. Martin is the author/creator behind HBO’s Emmy Nominated ‘Game of Thrones.’
More ‘White Space’ news to come as well as developments in Spokefish, MIKP’s Graphic Novel division in partnership with Spoke Lane Entertainment.
Check out IPOdesktop’s Mike the Pike Productions Analyst Report http://www.gaskinsco.com/linkto-mikp.shtml
Want more than just press releases? Check out our blog! http://blog.mtpprods.com
http://ih.advfn.com/p.php?pid=nmona&article=49121208
"I don't have picture posting ability here..."
Sure you do ... everyone does.
Just go to the top menu board of iHub under More Tools/My Image Gallery/Image Upload-Browse
then choose your photo, then click Upload.
Cheers,
Thurston
I agree, Gypsy. Today's trading leans that way.
The next few weeks may provide an opportunity to build a good position here.
Cheers,
Thurston
Yes, that's quite possible. Reenter with an even greater position.
Just spoke with Joe Noel ... not too much to say except that the "Phase 2 marketing campaign will be geared to back to school time. There will be a lot of activity, including talk shows etc. He said 'we haven't seen nothing yet' with respect to the extent of the marketing campaign."
Until then, there's not a lot to sustain the SP, imo. Let's hope it can hold the 3's.
Cheers,
Thurston
Appreciate your candid responses and insight, BB2. Always good to hear all possible scenarios.
Cheers,
Thurston
Sounds right, Dommy. Lower volume brings price volatility. Easy to manipulate at this time.
We are also at peak vacation time and the market is slow.
I have no doubt we'll be looking at a much higher share price very shortly. Perhaps a move up even today if "Phase 2" info comes to fruition. I suspect it may.
Cheers,
Thurston
That's true...
Noticed #of OPMG followers up to 4,006 on Twitter.
http://twitter.com/#!/Phone_Guard
About @Phone_Guard.
522 Tweets
1,797 Following
4,006 Followers
53 Listed.
Phone_Guard PhoneGuard
RT @dj5601: @Phone_Guard Can't wait to see the Today show and a Phone Guard demonstration! #Phone_Guard aka OPMG #JustinBieber
1 minute ago Favorite Retweet Reply
http://twitter.com/#!/Phone_Guard
--------------------------------------------------------------------------------
"Phase II" ... ?
BigS. Everyhitng ive stated has happend. Almost to the day. Thats why I said look my posts up. For those who dont take the time.
The day the stock was crashing down from .065 to .041, and almost entering the 3s again, due to the delay, and some going to refute the charges on their credit cards since the product was delivered on the day of the confirmation. I then talked to the CEO and my source, and they said they would be contacting the pre-order buyers one at a time to recitify. I also posted that watch the website in the next 30 mins or so, and if they are reliable, the update would show up, or i wouldnt post anymore. They updated the website, and it was the first thing they shared about the 19th being the new date. I was the first to point out that they were planning to shift gears with a free product. All they said was check back on the 19th there will be something coming many would like. Boom, they were giving the pg away for free. I was the first to post the dowloads and interest was much greater than expected and we would see this early in the week. I posted on Friday, and boom it happned on Monday the next week. I said after the dowload numerbs release, i heard they would share where Bieber and pg would be on tv, and that it would be the following pr to the download one. I then stated the next well see based on my source would be the iPhone release would happen in August with us knowing earlier than later. And if you even check that post of mine, it was before they were twittering, and saying for sure in August. So not one miss yet. And no one could just guess a free download, when it wasnt ever mentioned that it would be their new marketing startegy.
Its all there in print in my history which has dates and times, so you can see when It was shared with me, and when i shared here, to when it was actually then implemented. And no my latest, is my resource says we should get "phase II" campaign details this week, with it almost 100% probable for tomorrow. This i only relased 2 minutes before todays close. So it that happens tomorrow, it just makes this source build on a trust that has already been established on the previous ones. I shared a brief one about a live appearance in August on TV with Justin. Then we got the shareholder letter about the Today show in a few weeks. Well Im here to share its for sure happening in the last week of august. So these arent guesses, but TV biz in LA is part of my resource. So if I came on and just threw out many hoping one or two would stick, tat would be one thing. But I said thingsw that many claimed theyd believe it when they see it. So like I said, they could be wrong here, but it would be the first time. But credibility is formed the more and more found items, that actuall happen. So now wait to see if "phase II" is next and if so, I would hope many would take this resource seriously as they would have a great batting average and with many rights, needed to be looked upon as reliable. So Ill leave it with the latest I could find. No one else on here mentions anything about phase II or when wed hear all about it. So once again its starting with me. Now we wait on tomorrow. My history which you can read will show if any of these items happened as I found out, and how coincidentally to the excat times I said they would. And dont get me wrong its not my crystal ball, but just some I know and what they know. And Im a true long, and as a true long, I share dd. Its up to you guys to believe or not. But the first step in believeing is dd'ing my accounts of whats happening and see if I was right or if I missed any. Look at the memebr marks i got. Each was because of something I shared you couldnt guess, and it by golly happening as my dd uncovered.
>>>Phase II tomorrow<<< or you dont have to trust a thing I say going forward.
7 Companies That Mastered The Freemium Business
by Charlie C.
PNGA frequent complaint about web startups is that despite being cool or popular, they lack a clear business model. One textbook example was YouTube. The service had millions of adoring users, but financially speaking, YouTube ran at a loss until Google bought them out in 2006 for $1.65 billion. For a time, the default business model for high-traffic but unprofitable websites was displaying ads. But since effective advertising depends on more than just mass exposure (like targeting) it is not always an effective business model.
A better answer for many has been the “freemium” model, where a company offers its core product or service for free and charges for advanced or special features. Rumors have cropped up in recent years that web giants like Twitter and Facebook, for example, are considering freemium strategies. Below, we’ll profile seven companies that have already mastered the freemium model, and how they did it.
Skype
Web-based telephony company Skype provides an excellent example. Founded in 2003 by ex-Kazaa masterminds Niklas Zennström and Janus Friis, Skype began as nothing more than a P2P-driven application people could use to “call” other Skype users with over the web. Gradually, Skype evolved, enabling users to place calls from computers to regular land lines and wireless phones. Once this happened, Skype simply announced on its website that while computer-to-computer calls would remain free, a “low per-minute rate” would be charged for using Skype to call land lines.
Having used Skype for several years, many users were happy to pay for the extra convenience and features offered by the expansion. Indeed, it was a major driving force behind eBay acquiring Skype for $2.6 billion in 2005 (although Skype has since been acquired by a group of private investors.)
LinkedIn
LinkedIn committed to a freemium business model in 2009, according to a BusinessWeek article about how they are “...now boosting sales by adding features that customers have to pay for.” LinkedIn, which lets users create digital resumes that can be updated over time and kept in one place, launched a feature in November 2009 “...that helps recruiting agencies scour the networking site for job candidates.” LinkedIn also offers three types of premium (paid) accounts: a Business account for $25.95 per month, a Business Plus account for $49.95 a month, and a Pro account for $499.95 per month. Each account offers greater flexibility and privileges within the service, such as the ability to send more direct InMails per month.
Today, LinkedIn is the standard for web-based resumes and online hiring searches. And, the company is positioned to profit from its continued growth, rather than simply being content with greater “buzz,” and a growing user base.
ESPN
While ESPN certainly isn’t a startup, that didn’t stop the sports television giant from taking a page out of the web playbook and adopting the freemium model for its online news reports. Early on, the company published in-depth sports reports from the likes of Peter Gammons and Jayson Stark on its website free of charge. Then, in June 2009, BusinessWeek reported that ESPN had, “...merged its online magazine with its Insider service, which costs $6.95 a month.” The Insider service (which ESPN established way back in 1998) was set up such that readers could see only glimpses of Insider stories before being asked to pay for full access.
According to ESPN spokespeople, Insider subscriptions have, “...more than doubled” since 2005. As with Skype and LinkedIn, ESPN’s switch to freemium was made possible by the rapport and trust it established with users by offering free content and features early on.
Flickr
Flickr began as a free service that anyone could use to upload and store their pictures. Naturally, however, storing all those photos required increasingly greater amounts of server space and bandwidth. To offset costs and turn a profit, Flickr eventually turned to a freemium model by announcing the launch of paid Pro accounts in 2006. For $24.95 per year, a Pro account entitles users to ad-free use, unlimited photo storage, unlimited sets and collections, stats on your account, and access to your original files.
Response to the service has been positive, as users were willing to spend money for greater access to a service they already knew and liked. It has also made Flickr more appealing to professional photographers who need higher-powered services for their careers.
Pandora
Before embracing a freemium model, Pandora found itself in a situation enviable to any startup. According to TechCrunch, some of Pandora’s users loved the service so much that, “...they actually ask for ways to pay the company, to make sure it stays alive.” In response, Pandora launched Pandora One in May 2009, a desktop application offering high quality streaming, no ads, and unlimited listening for just $36 per year. Pandora One users also have the option of customizing the desktop application with their choice of graphics. After citing predictions of $40 million in 2009 revenue, TechCrunch concluded that, “...2010 could be the first profitable year for Pandora.”
In actuality, Pandora booked $50 million, and achieved profitability in the fourth quarter of the year. Today, some believe Pandora’s future holds brighter achievements than mere profitability. A March 2010 New York Times article reveals that not only did Pandora avoid joining, “...myriad music start-ups in the tech company graveyard, like SpiralFrog and the original Napster”, the service is now, “...attracting attention from investment bankers who think it could go public.”
Webnotes
WebNotes, a startup that creates technology to simplify the work of professional and academic researchers, is another company to have ridden the freemium model to financial success. In an August 2009 interview with Interview140.com, WebNotes marketing director Alex King spoke of the, “...advanced reporting and PDF annotation capabilities” that come with paid versions of the service. At time of writing, WebNotes offers two paid options to its users. The first is a Pro subscription, which for $35 per year supports such features as multi-colored annotation, page caching and sharing notes via RSS feeds.The Premium version, which costs $300 per user per year, supports all of that plus multi-user support and administration, media monitoring and more.
After starting out in 2007 with just $35,000 in investment capital (according to TechCrunch), WebNotes seems to have discovered its freemium niche early on enough to capitalize from rising demand for its annotation services. Their newest offering was a press clip service intended for use by public relations firms, which, according to WebNotes, “...helps marketing professionals quickly generate media monitoring and competitive intelligence reports up to twice as fast as existing solutions.”
Google Adwords
In a thought-provoking post, Eric Ries of StartupLessonsLearned.com argues there are actually three distinct freemium strategies:
•Free serves paid
•Free trial
•Free as inventory
The latter is what propelled Google AdWords to success - selling access to your free users. AdWords achieves this by allowing advertisers anywhere in the world to display small text ads when people search for keywords relevant to an advertiser’s business. Only when someone clicks an ad is the advertiser charged for the service. In this way, Google has been able to advertise AdWords as being free until and unless prospects engage what you are selling. Indeed, the latest corporate motto for AdWords is “It’s All About Results.” Ries goes on to note that, “...some dating sites work this way too, where you can post your profile for free, and people pay only when they want to contact you.”
The connection between this strategy and what is commonly thought of as freemium, Ries contends, is that, “...the most popular people get lots of value without having to pay.” Yahoo! Search Marketing, MSN’s Bing, and Ask.com operate by and have succeeded in the same manner.
http://chargify.com/blog/7-companies-that-mastered-the-freemium-business/
OPMG