The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

[Fake Door Testing] Does anyone want to test your new product in S.Korea? if so, I can help you for free

Accelerate wealth. Build a business that pays freedom. Join more than 70,000 entrepreneurs and register for the Fastlane Entrepreneur forum. Remove ads? Join the INSIDERS.


New Contributor
Nov 6, 2017
South Korea
Hi there, I'm a founder of a start-up in S.Korea.
I've been developing market research algorithm and I want to do a small experiment, which I call price testing!
I assume most of you have heard of the fake door testing. If you haven't and want to know how it goes, check this out (not promoting my blog or sth)

Interesting story here
I did price testing last week with a friend of mine's product which was an eco bag with Starbucks logo on it.
He was going to sell it for 9,500 won (=$8) But I made a fake door and promoted on Instagram the same bag for the price of 8,900won(=$7.2) which was a bit cheaper than the original price. Me and my friend were freaked out when we saw the result.
Ad Clciks100100100
Purchase button clicked13 times5 times2 times
Total sales$93.87$38.54$19.31
Cost per click$0.26$0.30$0.35
Total sales - total promotion cost$67.75$8.28$-15.82

His decision was not really bad but he gotta face with the fact that he almost missed the opportunity to earn 800% more. He could've spend less on promoting and earn more revenue.
Now, I'm wondering if others outside of this country want to give it a go.
You don't even need to have an actual product, just images would do the job.
You should pay your advertising, but don't have to pay me anything. It's totally up to you how much you want to spend on advertising.
The more you spend, the more accurate data will come out.
Just let me know how did it go and get free copy writing and test result, pretty good deal isn't it?
comment below if you are interested in

Sponsored Offers

MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
Hi - I sent out some emails with the updates but I'll PM you now also, thanks. The issue is...
  • Sticky
MARKETPLACE NEW: The Best School for Going Fastlane (Now open for summer enrollment)
Read the free book, some excellent insights. I also did the website quiz and I did a visual on a...
MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
Hi Fox. Starting the book and got through the introduction. Had a conversation with Andy Black...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Chris is super sharp and is aware of many facets of entrepreneurship and can help get your...
Introducing MJ's Personal Unscripted Network, Join Now for FREE!
Any chance to make it available outside of US? It has been available outside of the US on...

Forum Sponsor

Learn Fastlane Business Skills & Get Profitable Within 30 Days...

Get Started Now

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom