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by egmike 5715 days ago
It's more subtle than that: you need to discover what the current features are worth to people. You might be surprised to find that value is higher than what you would think, regardless of the number of features... As for the psychology of it, people are ok with paying less for something that used to cost more, but the opposite situation can create resentment.

Very, very good points, thank you again! Wow, it looks like I've got some thinking to do.

Anyway, the gist of it was: at too low a price (e.g., $1, $2) people just don't bother getting out their credit card to pay for something.

Hmm... interesting. Thanks, I'll look into this.