Is pricing too low hurting your sales?
I should have known better. Last month, when I promoted the LinkedIn 30-day challenge, for suuuuper cheap ($45, and then $95), I got 4 buyers. Then, a couple of days ago, when I promoted the same stuff, but only the info, sans the 30-day challenge, well, I got way more buyers. Why? If I had to guess, it's because I was selling too much for too little the first time... the price didn't make sense, and instead of seeing this as a catch/opportunity whatever, people saw it as something without value. (In my defense... I only had a breakthrough on LinkedIn a month ago... so I wasn't sure if I could/should charge higher...) This reminded me of what one of my Write Without AI peeps said back in January. I'm paraphrasing: > I wanted to build a daily writing habit, but I needed skin in the game, and the price was just right. (For reference, I was selling WWAI for $299) Basically, what I take away from this is that cheap isn't always better. Sometimes you need to ask for more money for people to take their work seriously. In other words, it's to your customers' benefit to price your offers higher. Not disproportionately, but it doesn't help to undervalue. Anyway... my brain's still a bit fuzzy from being sick these last few days... but I hope that made sense.