Given a business described as follows:
"Remember My Love LLC is an innovative web-based platform that encourages users to preserve and share their most treasured stories and memories with their loved ones. We aim to create a user-friendly, secure, and engaging virtual space where individuals can upload video content and specify when and with whom these precious narratives will be shared. By providing a reliable means to archive and share these stories, Remember My Love aims to strengthen connections across generations and preserve family histories for posterity.

The company will initially focus on the U.S. market, with plans to expand its reach to the EMEA and LATAM regions. Our primary target audience includes the Baby Boomer generation, whose wealth of life experiences and desire to leave a lasting legacy make them an ideal fit for our platform. Additionally, we aim to serve members of the armed forces, enabling them to record and share their stories before or during deployment. We also serve fraternities and sororities, former school and college sports teams, and families with relatives living abroad. Remember My Love offers a unique opportunity for these groups to create and share enduring memories, whether in preparation for a significant event, during a reunion, or to maintain close ties with distant loved ones.

Remember My Love's business model is designed to be both accessible and sustainable. Users can sign up for the platform free of charge and begin uploading video content immediately. Revenue is generated through subscription-based plans, with tiered pricing based on the amount of cloud storage required and the duration for which users wish to store their footage. This model ensures that the platform remains affordable for a wide range of users while still generating a steady stream of income to support the company's growth and development.

As an entirely web-based company, Remember My Love does not require physical office space, allowing us to focus on essential aspects such as web hosting, cyber insurance, and cloud storage. This lean operational structure enables the company to maintain lower overhead and invest more heavily in platform development and user acquisition.

At the board of Remember My Love are co-founders K. Alex James and Kory Herring, who bring a wealth of experience and passion to the company. To ensure the platform's success, they have assembled a skilled team of outsourced web developers and a knowledgeable patent/trademark legal team. As the company grows, securing funding through loans or venture capital investments will be crucial to support strategic marketing initiatives and fuel expansion into new markets.

Remember My Love is set to significantly impact the lives of countless individuals and families by providing a platform that celebrates the power of storytelling and the importance of preserving cherished memories. As we continue to grow and evolve, our commitment to our users and mission will remain unwavering, guiding us toward a future where every story finds its place in the hearts and minds of future generations.

Business Goals

At Remember My Love, we have carefully crafted a set of objectives that will guide our journey toward success and growth:

User Acquisition: Implement a multi-faceted marketing strategy that targets our primary audience segments through various channels, including social media, content marketing, and targeted advertising. By continually refining our approach and expanding our reach, we aim to attract a diverse and engaged user base to form the foundation of our platform's success.
Platform Enhancement: Regularly gather and analyze user feedback to identify areas for improvement and prioritize developing new features and functionalities. By consistently updating and optimizing the Remember My Love platform, we aim to provide an unparalleled user experience that sets us apart from competitors and cultivates long-term user loyalty.
Partnership Development: Identify and pursue strategic partnerships with organizations and businesses that share our values and mission, such as veteran support groups, alumni associations, and family-oriented brands. These collaborations will help increase brand awareness, drive user engagement, and provide valuable resources and support for our users.
Financial Stability: We will establish a robust and sustainable revenue model through the implementation of subscription-based plans that offer value and flexibility to our users. In addition, we will actively explore funding opportunities, such as loans and venture capital investments, to support the company's long-term growth and expansion into new markets.
Brand Reputation: Cultivate a solid and trustworthy brand identity that resonates with our target audience by consistently delivering on our promises and upholding our core values. We will prioritize the privacy and security of our users' data, invest in exceptional customer service, and actively engage with our community to build lasting relationships founded on trust and respect.
Key Values

Empathy: At the heart of Remember My Love is a deep understanding and appreciation for the emotional significance of our users' stories and memories. We approach every interaction with compassion and respect, striving to create a platform that truly honors our users' experiences and emotions.
Innovation: We maintain a culture of creativity and continuous improvement, always seeking new and better ways to serve our users and enhance their experience on our platform. By staying at the forefront of technology and user experience design, we aim to create a platform that evolves alongside our users' needs and preferences.
Security: Our users' trust in us is paramount, and we are dedicated to maintaining the highest standards of privacy and security for their data. We employ cutting-edge security measures and adhere to strict data protection protocols to safeguard our users' information and provide them peace of mind.
Community: At Remember My Love, we believe in the power of community and the importance of promoting meaningful connections among our users. We actively encourage our users to engage with one another, share their stories, and offer support and encouragement as they navigate the journey of preserving and sharing their cherished memories.
Legacy: Our platform is built on the belief that every story deserves to be told and every memory deserves to be preserved. We are committed to providing a lasting legacy for our users, ensuring their stories and experiences live on and continue to inspire and connect generations long into the future.
Mission

At Remember My Love, our mission is to empower individuals to preserve and share their most cherished stories and memories with their loved ones through a secure, user-friendly, and engaging platform, promoting stronger connections across generations and ensuring that family histories are celebrated and preserved for generations to come.

Vision

Our vision at Remember My Love is to create a world where every family has the opportunity to build a lasting legacy by preserving and sharing their unique stories and memories. We aspire to be the leading platform for connecting generations through the power of storytelling, strengthening the bonds that tie families and communities together, and ensuring that no cherished memory is ever forgotten.

Remember My Love LLC offers a unique platform for preserving and sharing cherished memories with loved ones. Our essential products and services include:

Video Memory Creation: Our user-friendly interface guides users through creating personalized video memories, prompting them with thoughtful narratives and questions to help capture their most meaningful stories and experiences.
Secure Video Hosting: We provide secure, cloud-based storage for users' video memories, ensuring that their precious content is protected and easily accessible whenever they need it.
Timed Sharing: Users can specify when and with whom their video memories will be shared by setting a date or manually triggering the sharing process. This feature allows users to create surprises, share memories on special occasions, or leave a lasting legacy for future generations.
Email Sharing: Video memories can be easily shared with loved ones via email, with customizable links that grant access to the specified recipients. This enhanced sharing process ensures that cherished stories and experiences can be effortlessly passed on to family and friends.
Legacy Creation: By enabling users to preserve and share their life stories, wisdom, and experiences, Remember My Love helps individuals create a lasting legacy long after they are gone, ensuring that future generations can benefit from their knowledge and connect with their heritage.
Revenue Model

Our revenue model is designed to offer flexible and affordable options for users who wish to preserve and share their family memories through our platform. We provide two types of subscription plans, as well as a lifetime access option to cater to different user needs and preferences.

Monthly Subscription: For $14.99 per month, users can enjoy full access to our platform's features, including unlimited video memory storage and sharing capabilities. This plan is ideal for users who prefer a month-to-month commitment and want the flexibility to cancel anytime.
Annual Subscription: At $149.99 per year, the yearly subscription offers a cost-effective solution for users committed to preserving their family memories over a longer period. This plan provides the same benefits as the monthly subscription but at a reduced annual rate, saving users approximately $30 compared to the monthly plan.
Lifetime Access: For a one-time fee of $199, users can gain lifetime access to our platform. This plan is designed for those who want to create a comprehensive legacy for future generations, ensuring that their life stories and experiences are preserved and easily accessible for years to come. The lifetime access plan eliminates the need for recurring payments, offering a hassle-free and permanent solution for memory preservation."

The business founder asked me to modify the revenue model as follows:
I wanted to go over updating the projections with a subscription price of 3.99.

Do you think that we need to modify only the monthly subscription from $14.99 per month to $3.99 per month AND remove the Annual and Lifetime fees or we need to update them according to the edit of the monthly subscription?