Quote:
Originally Posted by MisterPeabody
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).
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I'm totally with you there - your sites are optimized for what is today. With micropayments, the total revenue would increase but it would probably be a "hypertube" with super search, notification, feedback, premium content partners, interviews, forums, auctions, etc.