Friday, November 28, 2008

Experimentation with price

Did some experimentation with pricing on iSkream over the last week. What we found was that when we raised the price up to $1.99 we lost fewer than 33% in sales, and therefore actually make more money selling fewer applications at this higher price. But when we raised the price to $2.99 we lost a large percentage in sales. It would appear we've found the buyer's limit at $2.

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