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I'm curious about your choice of pricing. My uninformed guess is that you can charge substantially more than this and still provide great value. Consider that
by ef4 14y ago
I'm curious about your choice of pricing.
My uninformed guess is that you can charge substantially more than this and still provide great value. Consider that $5 is about the cost of four minutes of programmer time.
- timaelliott 14y agoYeah, he could most likely get away with charging higher. How do you suggest a company test out pricing though? I mean I think that's exactly what Amazon has done and they get criticized for doing so (since they do it in a A/B fashion) I guess he could just bump all the songs to $10 and see if sales increase/decrease/etc over a period of time. Pricing is definitely an interesting problem, for all startups.
- metafunctor 14y agoPersonally, I wouldn't shy away from A/B testing prices (I do it), if you have enough transactions going on to run a successful experiment. Running pricing cohorts takes more time, and doing other experiments at the same time will taint the pricing experiment.