So – is price testing really possible without alienating 50% of your customers…
Yes it is, if you do it THIS way.
So to recap:
- Test price combinations against each other, not head-to-head on the same products
- Test as long as you need to find out how your customers like to buy, then switch to that pricing mode
- Track revenue carefully, because ultimately it is the Total Revenue, retention and Average Sale Value that determine the winner in this particular race
Go try it, today!
People reacted to this story.
Show comments Hide commentsThat is great point when getting data…distinguishing between price tracking and total revenue, it’s crucial.