I have a personal side project (startup-ish) which I work on for almost a year now(maybe a few months less). The project is not monetized, as I try to build kind of a brand first. I have already spent around $3000 and there is just me working on it. I only have 500 sign ups so far, around 3k twitter followers (~90% are real) and the page views are very low.
Here is the screen shot from Google Analytics. http://i57.tinypic.com/59y9dz.png
As you can see, there are a few spikes. They happen from time to time when I work really hard. 2-3 days per month page views may reach to 20k visits a day. But then, the next day, the traffic goes all the way down to 400-500 visits. Today, there were something like 10k page views, but only 4 sign ups! I feel crushed and not sure if its worth to keep the project going. Do you have any advice? What should I do?
p.s. of course, I'm using a throw-away account for this question.
Is there any chance you can give a bit more information?
Based on what you have said I would try to talk to some of your end users. There are numerous JS plugins that allow your users to give feedback, chat to you in real time, track mouse movements.
In addition you can email your list of subscribers with a personable and friendly email asking for help. Maybe something like this:
>>>
Hi Dom
It is James here from coolwebsite.com. Just seen that you have been a member for 7 days, and wondered what your experience has been so far? Anything I can do to improve?
<<<
The general point is gather information from your user base. Work out who they are, where they hang out. You may figure out better ways to market your site based on this to get better conversion rates and more subscribers.
Also check that the free version is positioned right so there is incentive to upgrade. Patio11 wrote a good blog post about this topic once - I can't remember the url but somewhere in here: http://www.kalzumeus.com/blog/