Because that's not in our interest long term. If we charge upfront a large amount (and inevitable disincentivize ourselves from providing great support and upgrade to them thereafter -- which are crucial since it's an "extremely difficult" business), we will get negative word of mouth that will not be great for our sales and marketing.
Our conversion rate for http://www.zuupy.com is around 4%. Out of that 4%, 10% will eventually upgrade to a paid plan, which costs minimum $29.95/mo. So you can say that our conversion rate is 4% or 0.4%, depending what you mean by "conversion".
In general, more features are better. What is needed is user interface that organizes the assortment of features in an intuitive and user-friendly way.
Despite what others say, getting people to pay you money is an achievement in itself. Keep improving the product using feedback you get from new visitors/users!
Facebook has the benefit of showing that you are the type of company that engages with its customers and users. It is also scalable in the sense that you can answer a question once and many people can read it. Email is quick, and most people are comfortable with using email.
I think Max Levchin once said something like "If there's doubt about your co-founder, there's no doubt." Meaning that the moment you have doubts about your co-founder, you should break it off and cut your losses. Hope this provides some perspective.
Eat less, seriously. Most of us are over-nourished by default. Then try to bake your exercise into your daily life instead of the traditional method of blocking off a few hours to do solely that. Walk to work, walk back. Climb more stairs. Do house work.
We are. S$10 for name registration, takes 2-3 working days to process. Then S$300 for incorporation itself, done through Bizfile.gov.sg. Takes 30 minutes at most (mostly filling up fields). M&AA template provided. Company comes to life on the very same day of registration.
Need 1 local director (Singapore Citizen/PR), 1 local secretary to be found within 6 months of incorporation (Singapore Citizen/PR). 100% foreign shareholding is permitted.