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A/B testing prices is an existing practice (though one that has the potential to upset customers, should they find out). You can also test different pricing hyp
by AmericanChopper 7y ago
A/B testing prices is an existing practice (though one that has the potential to upset customers, should they find out). You can also test different pricing hypothesis in different markets. But I think this is most common when there’s little competition in a market/segment. In a competitive market, you already have a lot of information to base pricing decisions on (what do my competitors charge, what are their margins, what pricing changes have they made in the past...)
- hermitcrab 7y agoBear in mind that A/B testing of prices may not be legal in some countries/jurisdictions.
- chii 7y agoI've never seen any country have laws against giving targeted coupons/discount code to some customers.