Payment Of Account

Evernote Shows Startups

So how do you make money if you are offering a product that has millions of users and only a small percentage pay for it?
‘The easiest way to get a million people to pay for nonscarcity product may be to make 100 million people fall in love with it.’

That’s the so-called Freemium model that many companies have bet on only to find it doesn’t turn into a pile of gold immediately.

But the answer, according to Phil Libin, the CEO of Evernote, is that the money will come if you focus on just keeping your millions of users happy, regardless of whether they pay or not.

Libin’s advice and impressive slides were welcomed by a roomful of budding entrepreneurs at The Founder Conference in Mountain View, California Tuesday.

“The easiest way to get a million people to pay for nonscarcity product may be to make 100 million people fall in love with it,” Libin said, calling his users his marketing team.

National Average Gas Prices Rocket Toward $4 Per Gallon

NEW YORK -- With four weeks to go until the unofficial start of summer, and two months to the July Fourth holiday, many U.S. residents are planning their family vacations. However, this year they may not be going as far as they would like -- and gas prices may be too blame.

Just this past weekend gas prices ticked up 3 cents, and that has some predicting prices per gallon will hit the $4 mark at every station across the country this week, as CNNMoney reported. Gas currently averages more than $4 per gallon in 13 states and Washington, D.C.

"We're going to hit $4 this week, nationally," said Tom Kloza, chief analyst at the Oil Price Information Service. "There's momentum to take us there."

Gas prices continued their 45-day streak today, May 3, when the national average price for a gallon of regular gas hit $3.967, according to AAA. That is up from $3.952 on Monday and $3.943 on Sunday. Wyoming has the lowest price per gallon at $3.614. One year ago, the national average for a gallon of regular gas cost a motorist $2.895.