Is the Reddit API pricing a chance to make money?
I've been having this conversation on a few sites.
Overall, it seems like indie hackers who have a Reddit app have a really good reason to make their app a monthly subscription and massively increase their revenue.
Sure, not all users would sign up for the monthly subscription. But realistically a good portion would.
Here are some numbers based off Apollo announcing the costs
$2.50 a user for API costs.
$5.00 a month subscription would cover that cost.
$1.50 going to AppleTax.
$1.00 a user to the indie hacker
If 5% of users that would cost $20MM sign up for $5 a month it would be $2,000,000 a month overall revenue.
$1,000,000 to Reddit.
$600,000 to AppleTax
$400,000 a month to the indie hacker.
Is this just a case of indie hackers not seizing the moment and costing themselves money?
would 5% actually sign up for $5 a month? Currently the monthly sub is only $1.5 each month.
This highlights the problem - https://www.ign.com/articles/new-reddit-api-pricing-strategy-could-mean-big-trouble-for-popular-third-party-apps.
Basically the problem is "we don't like it"