dagmath opened this issue on Apr 01, 2004 ยท 31 posts
Phantast posted Fri, 02 April 2004 at 4:21 AM
Anton wrote: "Many think the cheap stuff is cheap because it is crap. If people want it they will buy it." Difficult call. Some people like a bargain. If you present it well, people can SEE it isn't crap, and if the price is $5, it's a no-brainer whether to buy or not. On the other hand, if it's $30, a lot of people will say, well - it's nice - but do I really need it that much, like, $30 much? Since your unit costs are the same whatever price you charge, the strategy that maximises your return is not obvious. It comes down to psychology.