Quote:
Originally Posted by fuzebox
I don't think anyone doubts the future of micropayments in the digital economy. The issue has and will always be processing. Trying to figure out why you are even bringing up micropayments in this thread?
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I brought it up in one sentence as a suggestion, and then answered questions that were asked. Should I not have?
I believe the two models reach an entirely different segment, and need to be addressed an entirely different way. I'm not sure how I could be any clearer.
Quote:
Originally Posted by MisterPeabody
While younger generations are being "trained" to get things for free guess WHAT???
They're gonna get older, too. And when they do all the aging Baby Boomers will be dead. Then what? Then the remaining souls will pay, too.
I believe giving someone a choice between ten cents and thirty dollars a sane person will almost always choose the ten cent option. Younger people - under 30 - also do not have the disposable income to spend on porn and I believe that is regardless of Generation.
Now if technology could determine a Customer's tendencies - he likes to pay full price, he likes to pay by the penny - THEN I could see your argument here. As in, send Customer A willing to pay more to $30 Tour A and Customer B willing to pay ten cents to Tour B. But until then you are shooting yourself in the foot offering ten cent options.
Think of it this way: True, there are more people willing to pay ten cents. But how do you reach them? Wouldn't your traffic need to be TWENTY TIMES what it would need to be if selling $30 Memberships just to make up for the lost volume? If you have that level of traffic it might be worth it to try it, as tubes with millions of visitors do. But under a certain amount of traffic and I would never do it.  |
Mr. P is doing a great job with the segment that wants to buy a monthly membership. I respect and admire him for that and for his intelligence, sagacity, and helpfulness.
I believe, based on a great deal of data, that low interaction payments would add significantly to the revenue of what is essentially an impulse purchase market. I fully agree with your points and caveats Mr. P - even the one about self-selecting into different payment options, and cannibalization. I appreciate your thoughts and guidance.