Dear Google,

My site is even worse - I don't charge anything for it, and the domain
name costs $40 a year so I am in loss of $40.

If Google charges me nothing and pays me $40 a year, then I will be on
track...

Sorry to make a joke about this, but the hard truth is that commercial
companies have to cover their costs if they want to stay in business.
This applies to Google (who have had to introduce realistic billing or
close the service), and IT APPLIES TO YOU TOO. If you are only making
$70 a year from a single app, then you have much bigger problems than
Google's new charges. What about your time for developing and managing
your app? What about all the other overheads?

My advice is to either increase your prices to a realistic level, or
close the service. I'm guessing you'll actually be able to run your
site under Google's free quota, but this won't help - you will still
be losing money hand over fist in real terms.

I'm sorry if this sounds harsh, but maybe this is a good time to look
seriously at your business model. Good luck.

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