Quote:
Originally Posted by ilnjscb
Must say MPeabody is a super nice dude who has offered to help me a number of times and has said, "feel free to ask me for help any time" and I have never taken him up on it either, for whatever boneheaded reason.
Also, regardless of what happens with your sales, micropayments would add 10x to sales, because they are impulse friendly, and 99% percent of adult purchases are in the small window when nothing seems important other than dropping loadage.
MP, I suggest you apply a small portion of your energy and intelligence to firming up a buy-in IP-Hash-Pword based microwallet. There is no resistance at $.10, which is why MFC does so well. 10 seconds and 10 cents, that is the magic formula.
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Thanks for the compliments - and the offer of "help" (whatever i could do) is always open.
I haven't tried micro-payments but my feeling is this after I've played around with price points and SMS billing (which is similar to micro-payments in that a surfer can join via phone, pay per minute, etc). What i found, for MY sites, is that given the choice between buying a Membership for $30 (average) vs. paying $1 (or $0.10 or some very tiny price) the surfer will take the cheaper option, join, look around then cancel in 10 seconds. LOL So what would've been $30 ended up being $1 (or less).
The number of transactions did not go up but remained the same, only my revenue went down. So since I'm offering such a unique product/presentation, have tons of Bonus content for added value and being a small company that cannot absorb PPS-type deals or micro-payments I keep my prices relatively high. People will pay more if they perceive the product is worth more; lowering prices or adding micro-payments is, in my opinion and for MY company, shooting yourself in the foot (or leaving money on the table, use whatever cliche you like).