4 ms·
How to Run Profitable Pricing Experiments?
- augmachina 10mo ago"Local area person discovers economics.Confidently Explains Everyone's Problems Now Solved"
- mrkaluzny 10mo agoWhat would you prefer to see on this topic?
- qingcharles 10mo agoI thought it was an excellent article myself. Very thorough.
- mrkaluzny 10mo agoThanks! It's hard writing into void any feedback is highly appreciated ;)
- augmachina 10mo agoSorry, Wojciech. My thoughtless internet mind took over.
- mrkaluzny 10mo agoNo worries. It made me chuckle :) It really depends on the background of the reader, would be cool to go deeper into econ papers, but then it's loosing some of the mass appeal, and I find it hard to balance these topics
- xiphias2 10mo agoFor doubling success I suggest ruining the product slowly and testing how crappy the product can still be while the customer is still paying for the brand (as he's expecting some improvement for the higher price), and voila, we've got enshittification.
- doctorpangloss 10mo ago> that hit me like a ton of bricks > _mechanics_—how to change a digit on a screen—while > isn't just a failed test; it’s a solvency risk. if I wanted to ask ChatGPT how to do something, I would
- ssharp 10mo ago>> Variant B improved conversion rate (CVR) or Add-to-Cart (ATC) rate? Roll it out. Basing rollouts on add-to-cart rate is generally not a great idea, particularly for experiments on product pages. There are a variety of reasons why shoppers add products to carts that may only be loosely based on intent to purchase. In my years of ecommerce A/B testing, I've seen plenty of tests that improve conversion rate and/or revenue per visitor but negatively impact add-to-cart rates.
- Joshua-Peter 10mo ago[dead]