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How to pricing?

by dennewbie
3 replies
hi, I just want to share my pricing strategic. sometimes, when I start to figure out to offering a service, the hardest part is how much is it worth. here is my opinion, start from low, claims it is introductory price, will rising the price after a numbers of sales. Using this method to test the market.

Do you have other suggestion?
#pricing
  • Profile picture of the author x3xsolxdierx3x
    Originally Posted by dennewbie View Post

    hi, I just want to share my pricing strategic. sometimes, when I start to figure out to offering a service, the hardest part is how much is it worth. here is my opinion, start from low, claims it is introductory price, will rising the price after a numbers of sales. Using this method to test the market.

    Do you have other suggestion?
    check out the current WSO's, dennewbie...

    My WSO's looks like THIS:

    0-3 Warriors = FREE Review Copies
    4-20 Warriors = $10.00!
    21-50 Warriors = $17
    51-70 Warriors = $37
    71-100 Warriors= $57
    101-150 Warriors = $77
    151-200 Warriors = $97
    201-Remaining Warriors = $142.95

    For the most part, I have found this to be effective...and, it seems to satisfy quite a few things without outright giving the appearance that you are just trying to price gauge warriors with unreasonably high prices...

    Granted....many use that forum to TEST things....I've learned alot there by just viewing the threads of people that hang out there/current WSOs....

    Just a few points:
    1) I think you really have to stay active and be willing to invest in the LIFE of your WSO.....ideally, for every $20 you spend to "Bump", you should be covering that cost each time you bump.....
    2) The escalating price scale with quantities assigned gives a real sense of scarcity....
    3) You need to also get other people to be actively involved/ask questions/contribute to your WSO thread....the more you can do that, and get great reviews, the more you can justify higher price points....
    4) Sometimes you just HAVE to give the product away for free....I gave quite a few copies of mine away for free....PLUS, when I set it at a very low price, I did so partially strategically....in order to get people to say things like "I got this for $10, but it was worth MULTIPLES of that...."

    ....IF you can get reviews like THAT, then you can justify higher price points.....

    it's a very complicated science and takes some work and effort and deliberate planning and action
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    • Profile picture of the author x3xsolxdierx3x
      Also, dennewbie...another point...

      I think this pricing scheme allows you to subtly convey how much your product is REALLY worth....people can see that the people who wait to purchase WILL be buying it at $100+....that makes the pricing now seem like a real deal....

      and, if you can start even with a HIGHER amount of free review copies given away, then you can get more action on your thread=more "social proof" that people have seen your product, and reviewed it....

      People follow what other people do....so, if you can make your WSO thread have 100 responses...GOOD responses....you can probably get a ton of sales....

      I haven't been able to do it yet, but I've heard that some take the WSO forum alone and have a $20,000+/month business around it....
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  • Profile picture of the author dennewbie
    thank you very much, learn something new again here
    ^^
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