Quote:
Originally Posted by georgeyw
This is something I find really interesting.
I was talking to a sales guy on a plane the other day and he was telling me how they ahd a great product (yeah all sales guys say that), point is ti was priced low and they kept getting the question "what is wrong with it?" - they upped the price by many multiples with the exact same product and that was when they started to sell a whole lot more of them.
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Yep. Its proving the opposite for me. Without going into absolute specifics, I have a micro niche fetish site.
Vids were $7.99 each (approx 25 mins long) and I sold them all day long... (For a few years, not just months) Eventually, sales slowed, so I decided to try a controlled experiment, and reduced all to $4.99 per vid.
Exact same site, same vids etc, but now at the 'under 5 dollar' price point, as opposed to the 'nearly 10' price point.
Sales are dire. Will be raising prices back to 7.99 soon...
Very syuprised with the result...