Quote:
Originally Posted by BV
I hear what you are saying bro, but listen to what I am saying too.
People will buy at any price point. But how many? The higher the price point the less people will buy and the lower the price point the more people will buy. If you don't believe me just make your price 69.95. Sooner or later someone will sign up. But also many people did not.
So you value your product at 29.95 USD as what you have decided it's worth to you to sell.
But you make Europeans pay $44.61 USD
So you sold one European today for 44.61 USD
How do you know you also didn't lose one ?
You may have made 2 Euro sales today worth 59.90 USD (29.95 x 2)
Instead you are happy with 44.61, when maybe you could have made 59.90,
so maybe in reality you lost 15.29 USD??
And that's just today. We haven't even mentioned what your rebills and retention will be on these euro customers with you billing them the equivalent of 44.61 USD every 30 days. Your retention will be less for sure at that rate.
But you need more time to tell and sales.
After a month look at the data and see where your euro sales stand as compared to past months. After a few months you will see the trends in your rebills on these guys.
Cheers,
BV
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All that is fine and good.....But I BELIEVE IN MY PRODUCT!!....
Now there may be others who hem and haw when it comes to prices, worrying about who is going to pay for this or that when it comes to their content, or you can truly believe in what you're selling and sell it at any price within reason, which is what I do...
I remember a long time ago when you urged me to change my tour and redesign it and take down all the traffic leaks.....However, I knew better....It's SEO'd wonderfully and I make a nice hunk of extra change from the banners....If I had listened back then, I would have missed out on all of that money all these years....
And I guess the Pound has been adjusted because a 49.95 UK sale is worth 66.33
So to the rest of you, take it from me...If you truly believe in your product, YOU'RE LOSING MONEY by not switching...