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Personally, I subscribe to a waitlist of tools that can increase the efficiency of my work. And also tools to increase personal productivity (Notion like tools). I won't say there are VERY many of them, but if I come across a site with a good description, why not get notified when the product is ready.

For example, that was the case with Pitch.

I always give a chance to new applications, services or products that have the potential to be more effective substitutes for current problem solvers.

And besides, early users always get the benefits. For example, free use for a few years, or special subscription plan.

Not too bad for trying the product as one of the first.

You might consider that you have an early adopter mindset, which is a small percentage of all people. I'd not worry about your initial wait-list conversation rates and reasons, and just keep moving forward.

Good point, thanks. It makes sense from this perspective.

Here are few examples of tools who used waitlist and same mechanics:

https://miro.medium.com/max/1400/1*8k2RcO72JNlo1tYVrlRVJw.pn...