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Find the right price?

by steffanmax
5 replies
I always thought make an offer as cheap as possible.. (Thats how i buy right?)

But know i have began to believe it is a hoax..

I have tried with the same product a price range from $9 to $200.. and when the price was $200 i sold "really good".. now i have dropped the price down to $9 and i AM SELLING NOTHING?

Maybe i learned something about pricing, what is you guys experience with this.. cheap is not always good?
#find #price
  • Profile picture of the author quinng123
    People don't want to be sold cheap things, they want to be sold value. There are things that are obviously only worth $9 thus are accurately valued, however if you are promising someone the world, and hyping your new service to be the next revolutionary big thing and you are only selling it for $9, people are naturally going to be skeptical and raise a red flag.

    A friend of mine was recently looking for an apartment and the apartment owner, when showing him the room, then said "if you get this room today you get a free widescreen TV". My friend became naturally skeptical because it comes of as though he is undervaluing the property, thus it comes off as cheap and undesirable.

    It is ok to sell a $200 product given that its perceived value is worth that much
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  • Profile picture of the author Olavski
    This is pretty interesting. Are there any other threads about product pricing?
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    • Profile picture of the author Assetus
      Originally Posted by Olavski View Post

      This is pretty interesting. Are there any other threads about product pricing?

      Excellent book you can get fairly cheap from Amazon/Kindle is Dan Kennedy's No BS Price Strategy. Of course the reason it is cheap is about 20% of it is upsells, but the other 80% is valuable info.
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  • Profile picture of the author HJdev
    Why did you drop the price?
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    • Profile picture of the author steffanmax
      Originally Posted by HJdev View Post

      Why did you drop the price?
      My customers asked me about dropping the price all the time (not only 1 guy), i thought i would help because i got so many request.. The funny part is, i haven't sold one since i dropped the price. (Not even from all the guys there asked about dropping the price). I dropped the price from $89 to $9
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