Splits don't change the value of the stock. If there's a 2:1 split, the market cap stays the same so the share price halves. It's just a way lower the price of individual shares.
It used to be difficult to transact in orders of less than 100 shares. There's still a bias against 'odd lots', at exchanges, but market makers love small orders because they tend to be retail orders and it's better to trade with retail than institutions generally.
Trading under $10 is discouraged by the exchanges. Trading above $100 is discouraged because 100x $100 is $10,000, which is a lot of money. Targetting about $25 was the norm.
Single lot sales and now fractional sales makes a lot of that less necessary, and so more companies have avoided doing it.
But there used to be 'low priced stock funds' which would buy stocks around $10 and sell them around $25 and do pretty well.
Before fractional shares were a thing, it made the stock more attainable for "regular" investors. It can also change up your ranking in indices like the Dow Jones that are price weighted
If you're looking for part time work in tech, if you're patient with upwork and similar sites you can find roles for 10-20 hours a week that pay decently.
This is an incredibly disingenuous statistic. The 25,000 is from rabies due to bites from feral dogs. This would not be an issue in medical settings where the canines would be vaccinated.
Yes, all (essentially all) engineering design ends up being multivariable. For even something as simple as a cantilevered beam supporting a load, if you can change the shape, material, material treatment, length, width/height, all of which affects cost. Usually due to limits of manufacturing and availability of standard parts, the exploration space can be greatly reduced.
The two key changes are 1) They are now calculating the loan amount off of Sch C gross revenue rather than profit. 2) For businesses with fewer than 20 employees, there's a two week period starting tomorrow where their loan apps are prioritized.
75% of those with free trials do not require a credit card up front. This was always my preference as a purchaser because I didn't have to bother my boss and get approval to try out a product.
The lower barrier to entry does show a pretty significant uptick from unique visitors to trial customers as well. On the other side of that coin, the data shows that converting trial users to paid customers is way more likely when you have already collected payment information at the start of the trial. I think your customer base really defines willingness to put up a card up front.
On another hand, as mentioned in the report, if a SaaS operator does manage to close a sale to a larger business then that larger business is likely to provide the SaaS operator a much higher lifetime value due to lower price sensitivity and lower churn rate. But at some point it crosses over into high-touch enterprise sales process with multiple approvals from multiple stakeholders, long time horizons.
It'd be quite interesting to have survey data on what the sales process is like. But probably only relevant for SaaS businesses that sell to government / large business customers.
I converted the conversion rates from unique-trial-paid for each scenario. It looks like 0.846% for credit card required upfront and 0.264% for no credit card required. So *net conversion is ~3.2x higher when a credit card __is__ required upfront.*
Showing my work:
I eyeballed each bar chart and turned it into a data table. I'm getting median unique-to-trial conversion rates of 3.1% (credit card required) and 6.1% (credit card not required). I'm then adjusting these to account for the % of "don't know" responses. So, adjusted medians of 1.8% (cc required) and 3.3% (cc not required).
Following the same process for trial-to-paid yields medians of 47% (cc required) and 8% (cc not required).
Multiplying each pair yields 0.846% (cc required) and 0.264% (cc not required) unique-to-trial-to-paid.
Absolutely agree. Though this wasn't to be a marketplace, more of a ecommerce platform, but it still applies. I couldn't find anyone with enthusiasm to sell with Kettle which doomed it for me.
