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by colin8chSE
5385 days ago
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I recommend trying a lower price first, then gradually increase. 1) Your early adopters/ customers will feel like they got a deal. (if you drop the price later they'll feel ripped off)
2) You will get a "baseline" for adoption at a price point, and you can use that for comparison as you increase your price. If your sales decrease significantly, you've hit a value perception/ pricing problem. We've seen our Vendors successfully test their pricing models this way at Simplified Ecommerce (I'm the Founder)- they can start billing from day one without any coding and easily revise their pricing models in realtime. |
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