What's Been Happening?
When we started Limited Run back in 2009, we had one goal in mind: Create a place for our friends to sell some records. We never dreamed that we'd be powering stores for the biggest artists and labels in the world. But now we are, and in 2016 alone, we handled close to $20 million in sales through stores.
What about stability? Well, over the last 4 years we've had zero downtime. This means that our software has never once, not even for a second, had an issue that took down the platform. Not during some relaxing morning, or when our stores were selling out in seconds. You'll be hard pressed to find any platform that can even sniff that uptime.
But how much investment have we taken? And how many employees did we need to achieve this? We're extremely proud to say that we've never taken investment, and we're still only 2 people. You might see that we rarely tweet, email you or write blog posts. Now you know why. We don't have the time! But that needs to change, and hopefully in the future we can add a third or even fourth person to the team.
So What's Next?
For the last year or so, we've been working hard on a new direction for Limited Run. This new direction will be launching soon, and part of it will be new pricing. It was very hard for us to come to terms with the fact that we needed to make this change. We've had a monthly fee for all 7 years of our existence. But without risk, there can be no growth. The new pricing plan will be 5% of sales. No monthly fee, no product limit, no digital fees, no storage fees, no feature restrictions. Just a straight 5% of sales. Anyone on the platform before that, can choose to stay on LR v2, at their current price and plan. If you decide to make the switch sooner, rather than later, we're going to have some promotional discounts that you'll be able to take advantage of.
While we'd love you to switch to v3 out of the goodness of your heart, we realize it's going to take features. So our job over the next couple of months is to convince you that the features are worth the change. We believe they're worth that, and more. And we're betting our lives on it. Stay tuned.