Figures are inspiring!
Conversion Rate = 1%
Visitors Per Day = 200
Product Price = $75.00
1% Conversion = 2
2 Sales per day = $150
Monthly Earnings = $4500
Yearly Earnings = $54,000
Conversion Rate = 2%
Visitors Per Day = 200
Product Price = $75.00
2% Conversion = 4
4 Sales per day = $300
Monthly Earnings = $9000
Yearly Earnings = $108,000
Conversion Rate = 5%
Visitors Per Day = 200
Product Price = $75.00
5% Conversion = 10
10 Sales per day = $750
Monthly Earnings = $22,500
Yearly Earnings = $270,000
Conversion Rate = 10%
Visitors Per Day = 200
Product Price = $75.00
10% Conversion = 20
20 Sales per day = $1500
Monthly Earnings =* $45,000
Yearly Earnings = $540,000
What are your thoughts in pricing a product?
Do i go for a higher price with less sales or go cheap with more sales?
Looking at my competitors they have priced their
products as a monthly cost say around $40,
i want to eliminate the monthly costs an set a fixed price.
Matt
In Times Of Change, Learners Inherit The Earth
Liam McIvor Martin
Outsourced Facebook Marketing