Swizec Teller
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@swizec
@Ashfame it's published by a bot on every 1st of the month. Something like this: news.ycombinator.com/item?id=…
iPhone X is the first phone that excited me and made me wanna buy immediately since the iPhone 4 came out. I'm on a 5SE now which I bought immediately because my 5 was getting old and clunky (upgraded from 4 because it was slow) and the 5SE has the same internals as a 6S but with a better sized screen.
Have held the X in my hand. It's waaaaay too big I'm hoping they come up with a smaller version. Using it however feels much nicer than using my 5SE. You can really tell that iOS11 was actually made with the X in mind.
That said, I'm holding out for the 2nd generation at least. OLED screens are not quite "there" yet and Apple has a history of quality issues on first generation with new technology products.
There's a lot of psychology that goes into this and pricing things is a huge science.
My take is that if you price something $4 that's "1 cup of coffee"
If you go higher, you might as well do $9.
If you go beyond $10, you might as well go up to $19
If you do $20+, you might as well go up to $49
If you do $50+, you might as well do $99
If you do $99+, you might as well do $149
etc.
Fundamentally here's the algorithm you should use: Test test test. Then test some more.
One approach I've hard is that you should increase your pricing to the point when nobody buys anymore. Then lower to where your ratio between revenue vs. number of sales makes the math work out for your business.
Edit: Another benefit of using standard pricing numbers is that people are used to them and don't waste time thinking about the number. If you have a weird price, it calls attention to it and increases cognitive load in your customers.
That's interesting! Thank you for the tips!
What do you think about $5?
The original base price of my patreon was $3, but I start wanting to raise it to $5.
In that case, $4 or $4.99 is better than $5?