I just had a challenge on FB to get 35,000 customers. Now a day is like 4 minutes, so I do have unlimited time, but.
I set the ticket price at $1 (down from $20) and went from 20K visitors to 35K in just a few 'days'. My profit went from 100K a day to 200K a day. Seems to me charging less and having more folk in is better than charging more and having less folk.
Now I do know that not all facilities for 20K folk can be expanded to fit 30K in just a month, but I still wonder if companies are not all shooting themselves in the foot to charge so much.
Take books. I enjoy a good book, and I read plenty, but at todays prices, I use the library, or the internet archives. (old ones where the copy write has expired). On the other hand if the books were cheaper, or if current books were available with a few ads on the side, I would read them more.
Movies/TV I rarely ever pay for, but I do frequent Hulu. A couple ads is an easy price to pay for my favorite shows.
Cleaning, I would pay a 10 year old a couple bucks to sweep my floor and tidy my bathroom, but I wont pay an adult 40K a year to do the same.
Video games, and computer games suffer the same problems, I would pay 20 or maybe a rare 30 for a decent game, but 40, 50 or even 60? Never gonna happen from me.
There has to be a mathematical equation showing the relationship between price and folks willingness to pirate. I think that while there will always be folk who pirate to avoid even a dollar, but there are many more who would rather pay a reasonable price for a reasonable product.
IF this FB game is accurate, the companies are doing it all wrong
August 5th, 2009 at 03:49 pm
August 7th, 2009 at 03:40 pm 1249656015
August 7th, 2009 at 04:28 pm 1249658887
Jerry
August 7th, 2009 at 04:55 pm 1249660509
Terrible that Hulu is blocked for you Jerry
August 10th, 2009 at 09:04 pm 1249934698