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Re point 1: in many cases people actually DO have the sample size if the magnitude of the revenue increase is large enough (e.g. double price and increase conve
by kennandavison 6y ago
Re point 1: in many cases people actually DO have the sample size if the magnitude of the revenue increase is large enough (e.g. double price and increase conversions - lots of stories about this).
Re point 2: in the end increased revenue from better pricing means you're capturing more of the value you're delivering to customers. but yes, there's a brand decision to be made here between 1 price that you always keep the same vs. a changing price that is more optimal.
Re point 3: companies should always be testing their pricing since external factors don't stay the same.
PS: this is also on the blog of a dynamic pricing company so they don't want the people on the fence about handing over pricing control thinking about a/b testing price haha.