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Subscribing data from a data vendor
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Which way do you want iCharts to go?
Buy all data from a data vendor and charge subscription fees for intraday charts (live & historical)
16%
 16%  [ 9 ]
Try to buy EOD data from a data vendor but keep intraday charts as they are currently
14%
 14%  [ 8 ]
Answer would depend on the subscription fees
20%
 20%  [ 11 ]
Just keep things as they are
48%
 48%  [ 26 ]
Total Votes : 54

Author Subscribing data from a data vendor
murty
White Belt
White Belt


Joined: 30 Oct 2006
Posts: 1

PostPosted: Wed Nov 01, 2006 11:54 am    Post subject: Reply with quote

It is true that u will get less response from data vendors as the data is bing shared with many, about 100 people??..

so they will feel that they may be loosing many prospectvie customers.

I fell the current intra day charts are ok for the time being and we can build a google adsence based revenue gentation for the system and we all will support theat in terms of giving enough click revenues etc. ( hope all memebers will agree to this ... Right?)

OVer a period of time if the addrevenues are enough and u feel sustainable, you can think of a deata vender feed.

comments please..

--Murty@B'Lore
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SwingTrader
Site Admin


Joined: 11 Aug 2006
Posts: 1879
Location: Hyderabad, India

PostPosted: Wed Nov 01, 2006 12:26 pm    Post subject: Reply with quote

murty wrote:
It is true that u will get less response from data vendors as the data is bing shared with many, about 100 people??..

so they will feel that they may be loosing many prospectvie customers.

I fell the current intra day charts are ok for the time being and we can build a google adsence based revenue gentation for the system and we all will support theat in terms of giving enough click revenues etc. ( hope all memebers will agree to this ... Right?)

OVer a period of time if the addrevenues are enough and u feel sustainable, you can think of a deata vender feed.

comments please..

--Murty@B'Lore


PLEASE DO NOT EVEN THINK ABOUT CLICKING GOOGLE ADS TO HELP ME. YOU WILL ONLY GET ME BANNED FROM GOOGLE ADSENSE. I URGE YOU NOT TO CLICK ANY ADS ON MY WEBSITE IF YOU AREN'T INTERESTED IN THOSE.

Don't worry about my revenue. I am looking at this from a long term point of view. I am in no hurry to generate revenue by ads or subscriptions or any other means. I can easily support the website without any revenue. Subscriptions will only help me ease the burden if I buy data from a data vendor which sooner or later I will have to do or have some alternative like hiring people to do it myself. I don't care if no vendor is ready to provide me data, I will just hire people to clean & maintain data and become a EOD & intraday data vendor myself. iCharts is now iCharts Financial Services a partnership firm with two of my friends joining to support me. We have the strength to build from here and move ahead with confidence.

If I start subscriptions in the future I assure they will be very reasonable and will be decided only after getting input from users.

My main interest is in providing top quality charting to traders/investors...everything else is secondary. I derive great satisfaction from running this website as trading/investing/technical analysis is my passion.

And BTW number of iCharts members/registered users are close to 800 (not 100) Very Happy Not to mention many more who have not registered but visit iCharts regularly. You can see current count of registered users to your left under the menu.

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vince
White Belt
White Belt


Joined: 20 Aug 2006
Posts: 31

PostPosted: Wed Nov 01, 2006 12:43 pm    Post subject: Reply with quote

All said and done, you have got to do what you have got to do. If you feel the need to charge for intra day charting all we can request is to keep it economical for all.

Eventually if you could end up like Stockcharts I am sure no one would mind paying for the services.

You could always have quarterly ,halfyearly, and annual packages to suit various needs.

Wish Icharts financial services all the best.
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rajib333
White Belt
White Belt


Joined: 14 Sep 2006
Posts: 3

PostPosted: Wed Nov 01, 2006 12:56 pm    Post subject: Reply with quote

Good luck for icharts financial services. hope a prosprous company in future,to counter all foreign data service providers,and a good online charting service providing all in one solution(stock/future/comm./forex).

buy the the way, i will be happy to buy shares of icharts . Wink

thank you,
Rajib.
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suba_stocks
White Belt
White Belt


Joined: 29 Oct 2006
Posts: 2

PostPosted: Wed Nov 01, 2006 1:07 pm    Post subject: Reply with quote

what ever this site has as of now is good,but this site need to be more precise and error free in displaying like high,low etc on charts.

as far as buying EOD data is not just a solution,you are always competitor
to others in market so,better build your own business model handling all the things,yes, it will take time and investment but instead of depending on others,building your own system slowly and steadily is good and ultimate solutions to all problems.

regarding subscriptions,many people charge alot unless small amount trading people are included you will not be able to boost your revenues.

so obviously keep as low as possible with different options,lot of people can be attracted towards your site.

on the whole your charts and site is good although it still need improvements.

THANKS
SUBA
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SwingTrader
Site Admin


Joined: 11 Aug 2006
Posts: 1879
Location: Hyderabad, India

PostPosted: Thu Nov 02, 2006 11:51 pm    Post subject: Reply with quote

Thanks everyone for comments/suggestions.

We will think about all these ideas various people here have suggested and then act on what we feel is the best. We will, of course, not forget the large user base here. Whatever decision we make will be in the interest of majority of the users but also keeping in view our long term goals.

Thanks again.

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