Ruled by Physics on Nostr: Well, you have many things going on here from my perspective. You are trying to ...
Well, you have many things going on here from my perspective. You are trying to create a self-sustaining social media client business, where the social media is based on a new network protocol which is *specifically* designed to reduce the bargaining power of the businesses offering services on this network. Simultaneously, it is highly likely that at least one competitor on this network will succeed in raising considerable capital (to spend on tech development and market share) albeit the investment case is weak due to low barriers for entry.
So from my point of view, you will be operating in a highly competitive environment with multiple aggressive competitors. I agree there will be some stickiness effect (you call it loyalty) due to many users are reluctant to change something which is working. Nonetheless, you will have churn, and you must acquire new users for your business case to work. If there is a new market entry from a player with considerable capital to deploy, your churn might become too high to sustain the business case.
Furthermore, I have to admit, that paying $9/month I would never do. Albeit it is little money, there is no need to pay this when I can get the same'ish product (no offense intended) for free somewhere else. If you erect a paywall, your churn will increase rapidly in my view.
Finally, Apple built their brand on friendly UX tech (/features), network effects, innovation (/product) and marketing. Brand strength doesn't just appear, it comes from superiority in some regard.
I am no expert in social media business, so I am not going to say what is the right way for you to generate revenue, but I do know what constitutes a very competitive market. And Nostr appears to be designed to be more competitive than any market I have ever seen.
Wish you success!
So from my point of view, you will be operating in a highly competitive environment with multiple aggressive competitors. I agree there will be some stickiness effect (you call it loyalty) due to many users are reluctant to change something which is working. Nonetheless, you will have churn, and you must acquire new users for your business case to work. If there is a new market entry from a player with considerable capital to deploy, your churn might become too high to sustain the business case.
Furthermore, I have to admit, that paying $9/month I would never do. Albeit it is little money, there is no need to pay this when I can get the same'ish product (no offense intended) for free somewhere else. If you erect a paywall, your churn will increase rapidly in my view.
Finally, Apple built their brand on friendly UX tech (/features), network effects, innovation (/product) and marketing. Brand strength doesn't just appear, it comes from superiority in some regard.
I am no expert in social media business, so I am not going to say what is the right way for you to generate revenue, but I do know what constitutes a very competitive market. And Nostr appears to be designed to be more competitive than any market I have ever seen.
Wish you success!