Another thought on this "new pricing model"
As I mentioned DirectScale model is based on revenue.
I think that might be a tough sale for a large company. Give me x percent of your revenue. Let's say it's 1%
If the company sells $1M, that would be $10K. DirectScale minimum monthly licensing fee is $2,500, $5,000 and $9,500 so it wouldn't even cover the minimum. Maybe the percent is higher?
Although of the company had a billion in sales, that would be $10M licensing fee IF it was 1%. Could be a sliding scale.
But unlike DirectScale that manages the back office, Verb doesn't and some sales can be outside of the Verb app.
My thinking is, Verb's new pricing model may be on sales through the app. Let everyone at the company use it including VerbLIVE, pulse, etc. Every time someone sells something, Verb gets a cut. It would be a win/win.
Heck, why wouldn't any company sign up for that? If your not selling, you don't pay. What would a company have to lose? Unless there is a minimum monthly charge.
Keep in mind what I just described it how Market pricing model works which is attractive to institutions vs. just a flat fee as the revenue potential can be unlimited.
Whatever the model is, does Verb convert over all the existing contracts or is it for new customers? We'll find out in 5 weeks or so.
As I mentioned DirectScale model is based on revenue.
I think that might be a tough sale for a large company. Give me x percent of your revenue. Let's say it's 1%
If the company sells $1M, that would be $10K. DirectScale minimum monthly licensing fee is $2,500, $5,000 and $9,500 so it wouldn't even cover the minimum. Maybe the percent is higher?
Although of the company had a billion in sales, that would be $10M licensing fee IF it was 1%. Could be a sliding scale.
But unlike DirectScale that manages the back office, Verb doesn't and some sales can be outside of the Verb app.
My thinking is, Verb's new pricing model may be on sales through the app. Let everyone at the company use it including VerbLIVE, pulse, etc. Every time someone sells something, Verb gets a cut. It would be a win/win.
Heck, why wouldn't any company sign up for that? If your not selling, you don't pay. What would a company have to lose? Unless there is a minimum monthly charge.
Keep in mind what I just described it how Market pricing model works which is attractive to institutions vs. just a flat fee as the revenue potential can be unlimited.
Whatever the model is, does Verb convert over all the existing contracts or is it for new customers? We'll find out in 5 weeks or so.
13
