I asked a friend if they would pay $1/mo for a facebook alternative, and they said no -- they would just start using instagram. When I explained facebook owned instagram, they still didn't think $1/mo would be worth it, citing:
"It's just another thing I have to pay per month: Netflix, Spotify, etc."
People have mental budgets, and maybe their psychological good will in balancing those budgets get drained over time for things like recurring payments that aren't on a bigger scale ($100+) and aren't 100% necessary like internet.
"It's just another thing I have to pay per month: Netflix, Spotify, etc."
People have mental budgets, and maybe their psychological good will in balancing those budgets get drained over time for things like recurring payments that aren't on a bigger scale ($100+) and aren't 100% necessary like internet.