Funding Drives Innovation
Funding Drives Innovation
One of the primary reasons lies in the motivation for developers. In the
absence of a revenue model, developers often find little reason to innovate
and enhance the software. An income stream not only ensures the sustenance
of the platform but also inspires developers to continually improve and
optimise.
Maintaining our best in class customer service
Maintaining our best in class customer service
As the user base of a product grows, so does the complexity of catering to the
diverse needs of its users. With a larger user base, customer satisfaction
scores (CSAT) often dip. Charging for the product helps limit its user base to
those who genuinely need it, ensuring better service and maintaining high CSAT
scores.
Investment to expand
Investment to expand
Developing and maintaining a software product requires capital. Without
adequate funds, it becomes challenging to hire skilled professionals, invest
in research and development, or even keep the software up-to-date with the
latest tech standards.
Stability in cash flow
Stability in cash flow
For any product or service, having a predictable cash flow is vital. It
ensures that the team behind the product can plan long-term, secure resources,
and make informed decisions. Without a stable revenue stream, it’s challenging
to make future predictions or commitments, hampering innovation.
Increased Abuse and Associated Costs
Increased Abuse and Associated Costs
When a platform is available for free, it often becomes a breeding ground for
misuse. With a rise in the number of users exploiting or abusing the system,
the costs for moderation and devops monitoring also shoot up. Charging users
helps deter misuse and ensures that those who are on the platform have a
genuine need and intent.
Quality Control
Quality Control
Free products often get overwhelmed with a vast number of users, making it
tough to maintain the quality of service. By charging for Hyra, the team can
ensure that only serious users access the service, maintaining the platform’s
integrity.
Continous updates and support
Continous updates and support
With a paid model, the Hyra team can guarantee regular software updates, bug fixes, and round-the-clock support, something not feasible with a free model.
Data Security
Data Security
Roblox developers value the confidentiality and safety of their data. A paid model allows Hyra to invest in robust security measures, ensuring that user data remains protected.
More customisability
More customisability
With additional resources from a paid model, the Hyra team can work on custom features, catering to the specific needs of different developers and communities.
Community building and customer success
Community building and customer success
Funds can be reinvested into building a community around Hyra, offering tutorials, webinars, and fostering collaboration among Roblox developers.