Forum Topics TNY TNY Beanstalk
CanadianAussie
Added 3 years ago

Thought I'd add my 2 cents as a recent dad with a 13 month old. I feel really uncomfortable posting pictures of my daugther on FB and Instagram. I held off for the first 9 months of her life. I'd have no problem sharing photos on a platform like Tinybeans knowing only my close family could see pictures of her. If my parents were more tech savvy and used it I'd have no problem paying a small fee each month; and my parents would probably insist they foot the bill. Even more so with international travel locked down and my parents being back in Canada and not being able to see their granddaugther aside from a 30 minute Skype once per week.

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shadow
Added 3 years ago

@CanadianAussie and users of this app - I'd like to understand your thoughts on this a little more :)

Regarding your point regarding privacy - what, in your opinion, would be the key differentiator with Tinybeans if the Instagram account can be marked as private so only approved followers could view posts? 

(I don't have any children and I haven't personally used this app.)

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bjbart
Added 3 years ago

@CanadianAussie if you read the reviews on the App Store this is precisely what many of  them say. It appears the brand has built strong trust among its users. I think that's it's edge, and that's why people will pay a few bucks a month. 

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CanadianAussie
Added 3 years ago

@shadow for transparency I've never used the app. Even with Insta or FB set to private I still have many friends or followers who I don't need seeing my child's personal life but I may still want to remain connected with through social media. I also find it can be annoying when FB friends are posting pictures of their kids every day, that's not what I go on their to predominantly see. 

 

There's an app my daughters childcare uses called Storypark. Not only do I get to see pictures of her at daycare but the app gives articles on what they're learning, what stage of development they're in, how to manage bad behaviour, age appropriate activities etc. Not quite what Tinybeans do I imagine but it highlights how they can market to the narrow target audience vs a FB or Insta.

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AUROPAL
Added 3 years ago

 

@jwrostagno27 I think you're on the money there regarding advertising and the level of understanding about the user base that already exists just from being a user i.e. parents or grandparents with kids/grand kids.

They are probably able to get some general location data as well, at least country level and maybe even state, so they aren't showing US adds to Aus users and vice versa.

If you look at the brands already advertising on Tiny Beans it's very obvious who their target audience is and why they are advertising on Tiny Beans. The user base is already highly defined and focused just due to what Tiny Beans is, no real need for further information like specifically how old you are, what sports teams you like or what pages you follow.

If I'm Lego, Toys r Us, Play-doh, Baby Bunting, etc then it's pretty obivous that my target market is Tiny Beans user base.

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SebastianG
Added 3 years ago

I echo Kaboom's thoughts.

I don't really see how Tinybeans differentiates itself from a lot of other social media.  To the extent it has some privacy considerations and the like, many other companies could easily implement similar types of products/services for customers.

I don't hold this company and it's basically off my watchlist now.

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AUROPAL
Added 3 years ago

This is an interesting move from Tinybeans and it will be very interesting to see what the churn is and thereby how sticky their platform is.

The biggest issue I see though is that they have raised a large barrier to entry by completley removing the free version and I don't really understand that.

While existing users will have stored photos, etc making them invested in the platforom, how is a new user going to get to that point without a free version or during a short trial period?

The aim of social networks is to grow and attract more users and thereby increase their advertising revenue so this move to a purely premium model, rather than a free or even "fremium" model to me seems quite risky for the long term growth of the userbase.

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bjbart
Added 3 years ago

I agree with @shivrak. Was just reading that they have 130,000+  5 star reviews on the product with 4 million + active users. My inclination is that if it's loved that much then a large portion of those people will not hesitate to pay $5/month or $40/ year like most other apps demand these days. And only the primary user, i.e. the parent, has to pay. Other family members who have been invited to view the photo's don't. It's a small price, and people are willing to pay for genuinely good, safe/secure products.

The current climate of lockdowns and limited travel is also a tailwind for Tinybeans. If you read some of the reviews, people love it because they can share photos of their babies and kids with other family members who live in other parts of the country or overseas, particulary highliting key milestones like walking and birthdays etc, with a strong sense of security that they don't get  from other social media platforms. 

In sum I think this will prove to be a good move. 

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AUROPAL
Added 3 years ago

Thanks for your reply Shivrak and I understand and agree what you're saying about what the additional revenue will do to accelerate the development of new features. If they get this right it will be great, but if they get this wrong then it will be a massive own goal.
Also think that the aims of Strawman and TNY are quite different as Andrew deliberately wants to limit the user base of SM due to the impact on the mainly small/micro cap stocks favoured vs TNY which wants to grow it's userbase as large as possible.

My main original point, wasn't that there was no free user experience left, but whether the free trial period would be enough.
In the trial time period can the user develop enough attachment to make the platform sticky and convert the user to the paid version?
Basically, is it long enough? That is a key question I will be wanting to see answered by management, what is the conversion ratio?

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AUROPAL
Added 3 years ago

We'll all have to open free trial accounts once it's launched to see for ourselves!

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