Let me start off by saying I'm not super experienced in IM, and I'm even newer to the Warrior Forum. That being said, I have a method that I've been using for several years now that's generating me some decent income. I'm trying to put together an ebook about it to sell, but I have a pricing question.
Obviously, I would like to get top dollar for my book, but don't want to price it too high so that it's out of reach for most people. Here's my question: How do you know what price point your product should be?
In my mind, the product is worth every bit of $47 (I'm including an audio version, as well as video tutorials) and the user could easily get $47 back the first time they use it. I'm also aware that my own feelings are biased because it's my creation. On the other hand, I think I'd probably sell more copies at say, $10.
How do you know the best price point to price your product?