Been referred to this sub by the Ask me anything community.
5 years ago I created a news streaming app containing live news events from around the world. Though I faced a lot of setbacks and challenges along the way, the app has been operational thus far.
Here comes the challenge - The operational costs have significantly overtaken the earnings generated by the app. In less than 24 hours, a bill of 7000 USD awaits. If I combine my savings + funds in my account, I have about $1400 .
Should I attempt to raise the $5600 in the few hours remaining? Or would it be wiser to bid the business goodbye?
Someone suggested I set up a fundraiser. I’ve got some contributions so that’s a good sign!
Any other ideas will be appreciated.
Hooray, now suppose the costs go down from 7K yearly to 100$ yearly, what does he have left, a business that does 5k yearly?
7K server costs is fine, focus on increasing income.