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View Full Version : What do you think? All comments welcome even the nasty ones!



Stephen George
18th July 2003, 16:07
Dear all

I am an ex computer contractor. I am trying to start an e-commerce business.

Please visit www.redreminder.co.uk (http://www.redreminder.co.uk)

and tell me what you think. All comments are welcome especially the nasty ones. As a contractor I have worked with perrmies for six years and have a thick skin. :D

Stephen George

http://www.redreminder.co.uk/red_reminder_logo_150_clear.gif

Stephen George
18th July 2003, 16:13
Opps I forgot to say that redreminder.co.uk reminds business people of tax deadlines. If you employee yourself or others you should have paid your employers Class 1a NIC by the 19th of July. Visit the resource section (http://www.redreminder.co.uk/#resource) for more details.

regards

Stephen George

http://www.redreminder.co.uk/red_reminder_logo_150_clear.gif

PerlOfWisdom
18th July 2003, 16:35
1. No prices.

2. Many accountants do this anyway for free.

3. What about sending SMS messages as well?

Stephen George
18th July 2003, 17:08
You said No prices

There is no cost to the subscriber. :D
Each reminder will have an advert section after the deadline advice.

You said Many accountants do this anyway for free.

Two accountants / tax accountants have links to my site. :)
However to answer your question properly I don't have an accountant. So this is not an option for me. My old accountant would either forget to tell me or would tell me a month before hand and I would forget. The system will remind you (by default) a day before the deadline is due. So either you have a sigh of relief when you get the email - "yep done that". Or a panic attack - "I must do this now"! It seemed to work for me when I was contracting.


You said What about sending SMS messages as well?

I produced the code but found I was the only one interested in it. Also this would have to be a paying service as SMS's cost at least 2p and there is not enough space for an advert. But if enough people left a message on my Message board (http://notice_board.redreminder.co.uk/redreminder/index.php) I would reactivate it.

Would you be prepared to pay £2 -£3 per year for reminders ?

regards

Stephen George

http://www.redreminder.co.uk/red_reminder_logo_150_clear.gif

DimPrawn
20th July 2003, 17:50
Stephen,

Who is your SMS gateway? I can find lots of people offering SMS services, but 2p is pretty cheap, unless you are planning on sending 100,000's of messages per month.

Cheers,

DP.

xoggoth
20th July 2003, 21:20
Crap. Where's the wife's birthday?

I have a vague recollection that taxzone (via accountingweb) do or did something similar for end of year returns etc. but don't think it tailored it specifically to one's company year. Some good accountants remind you of all these things, many don't.

Seems useful, if I had any income and did not know all the stupid deadlines by heart anyway I would use it.

thunderlizard
20th July 2003, 22:36
i think xog has a point - why restrict your reminders to tax deadlines?

Debbie ITAccounting Online
21st July 2003, 08:02
We send out emails and all due dates are available on our Client Home Pages - Event diary. We will also be using SMS soon. Who is your SMS gateway?

A good idea for those that don't have accountants or where accountants don't send out reminders.

It would be nice to have options other than tax deadlines (accounting year end / birthdays / holidays etc).

Good luck with it

ITAccounting - Truly Interactive Internet Accounting (http://www.itaccounting.co.uk)

Heinzbenes
21st July 2003, 09:09
Have you had a look at NeverBeLate - it seems to have a lot more functionality and is also free

Stephen George
21st July 2003, 09:54
Dear all

I have a competitor. >: www.neverbelate.com/ (http://www.neverbelate.com/)
But looking on the bright side some one else thinks I have a good idea. 8)

However they do charge quite a lot of money for emails where as my service is free.

"If you wish to receive email reminders Membership costs £18 plus VAT (unless this has been waived as a result of a promotional offer.)"

So I am not really so bothered. Maybe I should send them an email and say Hi.

On another note

I do have personal reminders for partners birthdays, anniversaries and even your secretaries birthday. However I want to concerntrate on business reminders as my niche.

SMS provider was going to be www.simplewire.com (http://www.simplewire.com) but their prices are slightly higher than 2p per SMS. :rolleyes Sorry.

Stephen

http://www.redreminder.co.uk/red_reminder_logo_150_clear.gif

roger rabbit
21st July 2003, 09:58
In principle seems a good idea, but to my cynical eye it looks like those "indispensable" kitchen gadgets that end up gathering dust in the cupboard, ie better means already exist. Why can't you simply write the dates in your diary, paper or electronic?

Funky666
21st July 2003, 10:00
I get a reminder from the good 'ol BBC - but then I watch too much telly.....

Nto sure I'm too keen on the idea - I think it needs to be more along the lines of....

Event XXX is coming up - here is company YYY that can organise a ZZZ

A concierge service - but for businesses?

You could spread out and look at company events such as the annual christmas party or AGM event - that sort of thing. All I would say though is not to offer too much too soon - you might bet out of your depth and not offer a quality service

Stephen George
21st July 2003, 15:50
Hi

Roger rabbit you said
Why can't you simply write the dates in your diary, paper or electronic?

1) Dates and things change. For example the tax free christmas party has gone up from £75 to £150 per head. This has been added to the reminder factsheet you receive. There are even links to the Inland Revenue website so you can confirm the information for yourself. Remember this service is free of charge for the subscriber. So even if the service does "end up gathering dust in the cupboard" does it really matter?


Funky666 Said
" I get a reminder from the good 'ol BBC - but then I watch too much telly....."

I don't think the BBC will remind you to pay your corporation tax or send your CT-600. But if they do please point me in the right direction so I can check it out.

Funky666 said
"You could spread out and look at company events such as the annual christmas party or AGM event - that sort of thing."

Mmmmm sounds like a good idea. I will look into it.

regards

Stephen George

http://www.redreminder.co.uk/red_reminder_logo_150_clear.gif

Stephen George
22nd July 2003, 15:51
Dear DimPrawn

I have found a provider for you that you pre buy the SMS and then send them when you want. Prices start at 2p but for people like us they cost 5p + vat.

www.messages.tv/ (http://www.messages.tv/)

And while I am at it here are some other SMS providers

www.netsize.com/html/ie/ (http://www.netsize.com/html/ie/)
www.redrock.co.uk/ (http://www.redrock.co.uk/)
www.mblox.com/products/economy.asp (http://www.mblox.com/products/economy.asp)
www.simplewire.com/ (http://www.simplewire.com/)

regards

Stephen

Funky666
23rd July 2003, 10:29
StephenGeorge Said

I don't think the BBC will remind you to pay your corporation tax or send your CT-600. But if they do please point me in the right direction so I can check it out.


Good point - I was thinking Tax return..... I'll get me coat.

Martin Underwood
28th July 2003, 09:06
Ok, so it's free of charge to the subscriber.
1. Where does your revenue come from? Who pays you to keep yourself in beer, fags and porn?
2. How big is the potential market? (not big, I suspect)
3. How established are your competitors?
4. How easy is it for new entrants to take your market share?

PerlOfWisdom
28th July 2003, 11:17
My worry would be that once I came to rely on the service, because it's free, it could be switched off with no notice and no comebacks.

I once subscribed to a free Internet based file backup service and got to rely on it. After a while, they started sending emails demanding monthly payments to stop them deleting my files.

Stephen George
29th July 2003, 16:18
Martin

Revenue
Adverts added to end of emails.
Chargeable SMS reminder service. (Available soon)

Size of Market
3.1 million businesses in the UK

Competitors
www.neverbelate.com (http://www.neverbelate.com) - registered 3rd march 2003 - Charge £18 per year to receive email reminders more for SMS. (source their website)

www.itaccounting.co.uk/ (http://www.itaccounting.co.uk/) - registered 25 march 2000 - I think you need to become a member but not sure. (Debbie what's the deal with your company?)

New entrants stealing market share
Very hard. People are very,very loathed to give out their email addresses.

regards

Stephen

Stephen George
29th July 2003, 16:38
PerlOfWisdom

You said "My worry would be that once I came to rely on the service, because it's free, it could be switched off with no notice and no comebacks."

I can support the service indefinately. It costs me about £130 per month to run. Last week I got 39 new customers (not including the weekend). I also use the system and would be lost without it.

You said "I once subscribed to a free Internet based file backup service and got to rely on it. After a while, they started sending emails demanding monthly payments to stop them deleting my files"

I promise that I will not delete your files.

regards

Stephen George
www.redreminder.co.uk (http://www.redreminder.co.uk)

Mark Snowdon
29th July 2003, 17:34
Did that just change from a :
I wouldnt do things like that
to a :
I wont delete your files

so what might you do ?

Debbie ITAccounting Online
29th July 2003, 18:00
www.itaccounting.co.uk/ - registered 25 march 2000 - I think you need to become a member but not sure. (Debbie what's the deal with your company?)

It's a service we provide for registered clients, i.e. as part of the accounting package we provide.

ITAccounting Online - Truly Interactive Internet Accounting (http://www.itaccounting.co.uk)

Stephen George
29th July 2003, 18:02
Mmmm you are quick. I don't store any of his files on my server. So I would never be able to delete his files.

However to answer your question.

I would not send messages demanding money because that would be rude. The deal is "You get helpful reminders, I get to send you reminders with adverts added onto the end of them".

regards

Stephen
www.redreminder.co.uk (http://www.redreminder.co.uk)

reynolds
29th July 2003, 18:53
good idea, smart look

Martin Underwood
30th July 2003, 09:00
1. On the one hand you state that the potential market is huge, up to 3 million businesses in the UK. However, you then go on to say that barriers to entry for potential competitors are high because "people are very,very loathed to give out their email addresses.".
Therefore, what conversion rate are you expecting, based on your knowledge that very few people will actually give out there email address?

2.You say it is costing you £130 per month to run. What constitutes this cost? Are you including the cost of your own time in maintaining it? Have you also included the upfront investment cost (the time it took you to build it in the first place)?

3. How much, truthfully, can you possibly get through advertising revenue, particularly in today's market where there is currently an advertising space surplus?

Stephen George
30th July 2003, 10:15
Martin

The bottom line is that this project is currently not paying for itself. But since I am still contracting on a part time basis this does not matter. I get a lot of pleasure out of creating the technology to keep it working. If in 40 years time I look back and the only thing the redreminder project has given to me is a show case for my prospective contracts and reminders to keep me out of trouble with the Inland Revenue then that will be enough.

regards

Stephen George
Webmaster of www.redreminder.co.uk (http://www.redreminder.co.uk)

Stephen George
30th July 2003, 10:23
Martin

However to answer your questions

You said "what conversion rate are you expecting?"
To be honest martin I don't know. I just know there is a huge market out there and that I have to convince them to trust me with their email address.

You said "What constitutes this cost?"
The £130 cost is for Co-location of the server. It does not include the cost of the server, my time, training etc. If I included this at my contractor rates the bill would come to probably be £200,000 - £250,000 setup + £130 per month.

However, If my business bank account goes below £5,000 I will automatically fire myself and get a permie job. The business will keep going. £5000 / £130 per month = 3 years.

You said "How much, truthfully, can you possibly get through advertising revenue"
I don't know. But its going to be a lot of fun finding out.

regards

Stephen
www.redreminder.co.uk (http://www.redreminder.co.uk)

Debbie ITAccounting Online
30th July 2003, 12:40
Good luck - hope it works for you.

Stephen George
1st August 2003, 00:42
Thanks for the comments.

Hope my site is of some use to you.

regards

Stephen
www.redreminder.co.uk (http://www.redreminder.co.uk)

reynolds
4th August 2003, 19:44
Stephen, you probably have already found the best Ad banner sites, but these I use these and they work well:
www.tradedoubler.com (http://www.tradedoubler.com)
www.ukaffiliates.com (http://www.ukaffiliates.com)

Stephen George
5th August 2003, 00:52
Thanks for the advice reynolds. I currently use google to do my advertisement and sponsor the website www.taxfreedomday.co.uk (http://www.taxfreedomday.co.uk).

So your help on advertisement is greatly appreciated.

regards

Stephen
www.redreminder.co.uk (http://www.redreminder.co.uk)