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but great advice deano , dont deposit too much money in it until the coast is clear .
true Nationwide is an excellent choice for banking , my local branch has some nice totty to boot , better looking then CP .
Tally is also geat as an alternative bank account.
Very good Stix.
Instead of admitting the problem just tell people to not bother using tally, but use Nationwide instead if they actually want a decent level of service.
Jesus Christ....
put your money in the nationwide excellent service !
Not just shareholders Clarky, but customers too.
Any service outage should be broadcast if known in advance and at least noted on website if current unplanned maintainance needed.
Communication across the board has been poor, and the excuses are wearing thin. It was always they are busy getting the app ready, then busy in beta, then busy getting a press launch ready (which was awful if that's all she wrote last week) etc.
Time comes to just start communicating and building rapport with both customers and shareholders.
Everything feels like an afterthought at best as the moment. We are awaiting a big update to the app in Sept. Will it come? What will it be? We have no idea.
As I said my folks are putting money in tally after me telling them about it to benefit from the gold price but at the back of my mind I have reservations about it all, and will be advising them to only put small amounts in. Concerned about sustainability here with the lack of users and lack of marketing.
Until we know they are financially secure for at least a year's operating costs, and the FAQs updated with who to go to if it all crashes down, I can't advise big deposits to anyone. Myself included. I want it to work, as I want to use it long term over cash savings.
We need an investor presentation and roadmap I feel.
get the stocks out and a basket of cabbages at the ready!
That was me that commented the other day. Ralph Hazell got back to me via email. I told him that it would be courteous to let people know. Very poor if you ask me. I want this to work I really do but the way they treat shareholders is shocking at best. I’m sharpening my pitchfork as we speak
Perhaps they are not communicating with us s/hldrs because we may not be part of their plans ???? Worrying for me,all i want is something for xmas, lol
And I haven't been proved wrong once mate.
Also I have been in touch with the company numerous times on topics.
What have you done?
So you feel that the advertising to date has been good DJ?
That 500 downloads on Android is successful?
OK then.
No, it's just you constantly mithering that everything is pants.
Only to be proved spectacularly wrong each time because you have to talk and talk instead of just waiting for stuff to fall into place.
Tally have actually hired someone for PR purposes, who's CV on linkedin says he is awesome at social media and blogs.
What is he doing then for tally?
It's all a bit strange to me how quiet they are, like surely nobody who has worked PR for other companies could come into tally and go "yup, this campaign your running is the dogs *******s" surely someone is saying its all a bit pants?
rather wait
get money
and launch it once with a big bang
few more months wont kill anyone
also the board could stop throwing stupid crap
that gets people hyped up
most just believe anything
It's no sweat off my back either but assuming they update the app in September, they have missed 3 months of growing excitement about future features of the app which would have kept people talking about it and the new users that currently have no clue about any upgrade on the way, would have been telling others about all the features coming which would have made other download the app. You retain users by keeping in touch and letting them know about useful and exciting things coming... not just by staying quiet and letting them think what you've got is all you're getting.
The only people that know the transactions are slow sometimes is the ones that have emailed moaning about it because there's been no communication to let them know is done manually at the moment. Some guy commented on it on twitter the other day and was told the banking partner was doing maintenance work.. every other company would have let people know about that beforehand... I'm all for the product but the communication is shockingly bad.
It's not just about numbers though is it. It's about getting a product which retains users. If it's not extremely functional then users may not be willing to stay long term. Get the processes automated and functionality right early on is also important. Then when we start plugging properly for a lot more users, the customer experience is much smoother and retention is higher. Positive customer outcomes are invaluble for a small business these days, especially a finance/tech ones. In the same way, strong foundations help a large building stay up. If we can last a while longer to hone the product/processes before a substantial raise then why not do it? A few more months after this long is no sweat off my back.
I still believe word of mouth is the best way to get this going but the company have just released the app and disappeared, other than a few tweets. They could be email everyone and tweeting/facebook teasers about updates that are coming and things they are working on, to keep the buzz going. I've said it before, the biggest issue is total lack of community buzz building, it has to be the cheapest, most effortless way to get user numbers to word of mouth but they haven't done any.. massive school boy error as far as I'm concerned.
You can spend millions on advertising but if there's no community buzz and word of mouth to keep it growing, it's just money down the drain after the campaign is finished.
Don't agree. Both pleasing shareholders and getting tally to the public are the same thing. See my post below.
No money = no marketing = poor numbers.
Ipo = money = advertising = happy everyone.
I think people need to separate the different concepts of 1. pleasing disgruntled shareholders and 2. targeting the general public with Tally.
We're on the backburner atm, Keith. Until they get this to a standard they're happy with, and let it fully loose on the general public (with a fuller marketing/advertising campaign, which is said to be on the cards) then we're, dare I say it, just not that important. But then in the history of AIM, were shareholders ever really important? We're halfway through summer and there are 5 months of the year left but their plans extend beyond that. I've accepted that I'll have to be patient with this.
No doubt tally needs money. Which Is why it needs to sort the pre ipo out and get some money coming in before getting back to market with a placing for a few million quid to see it through.
No ipo means no money imo. No money = no long term future? Will feel better once ipo news is out, for lots of reasons.
Yes the Beta version is gone - just checked.
b1gdeano I think I remember having a chat with you last year when it wasnt released that there isnt enough money to do everything which is being pledged or presented.
Its a little step moves and it could take a while.
Tally needs money.
and that's another costly affair
B1g, I totally agree. How long are the merry few holders expected to continue encouraging friends etc to join us? Surely we are close to some proper PR before everything grinds to a halt. Trust pilot has stalled and we need some momentum.
We are out of beta already are we not BA?
Even Parry himself tweeted it's now fully launched. Which is why I'm concerned about the lack of decent press coverage, after it was touted a big push was coming.
Of course, 5.5 million is to big and varied to target and would cost millions as you say.. I was just throwing some dream figures out there. But the small businesses I'm referring to are the likes of building contractors, freelance individuals, shop owners, owner driver taxis etc etc, the smaller businesses... all the type of small businesses that generally set up ltd companies for tax benefits, there's a lot out there and they are generally the sort of businesses that deal face to face with customers on a daily basis and could likely push the product simply because they can receive instant payment in tally through the app.
Just thinking out loud really.
lets get out of beta phase
then hire a professional marketing team
pay them well and secure a decent marketing budget
I am pretty sure Tally will do well
I agree, I would want everyone in tally too, and have recruited about 12 so far. The uptake is slow for a few reasons I guess.. some of which are probably, lack of advertising due to it not being fully launched, there's no affiliate programme to encourage people and also there are a lot of investors that won't push it until it relists. Also, a serious lack of communication and community building from the company that apparently has a couple of thousand email addresses.
The whole reason I have gold is because it's a safe hedge, I've made multiples more in crypto and shares than I ever will from the gold, but I know the gold is safe and will be there in 20 years with the same purchasing power as it has today, going by historical figures and having some in tally means its extremely liquid which is better than physical in that respect but does have some counterparty risk, which is small and acceptable.