Read Millionaire Fastlane
- Jun 21, 2013
Thanks for the help. Great stuff.Since you run a subscription service, yeah that's a concern.
But what's the goal?
Is it to charge as much as possible and chase money?
Or, is it to charge the appropriate price for the value you provide?
Questions to ask yourself:
What is it worth?
What do competitors with a like service charge?
I ditched the membership model since it wasn't recurring anyway. I have always been in the single purchase mode.
Earlier in the thread you talked about people pricing too low. I want to make sure I am pricing right, but concerned that I am low balling myself. So I was considering slowly increasing the price to see how the market reacted.
I might increase my product from $12 to $14.99 to see what happens. Then you have to ask yourself, is that extra $2.99 doing anything? It isn't going to make me rich, but will it increase the perceived value of the product?
There is so much to consider! I'm curious how you go about testing price points. I guess you just do it.
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