Testing Price Changes Print

  • pricingproductsservices, pricing, domainrenewal, renewal, guide, howto, solution, zillionkinghost
  • 0

Finding out what works.

WHAT TO TEST

A higher price on one product A different bundle structure A free delivery threshold Removing a discount

HOW TO TEST

Change one thing Run it long enough to see real data Compare against the previous period

WHAT TO MEASURE

Not just units sold. Total contribution.

Fewer sales at a higher margin frequently produces more profit.

THE COMMON FEAR

That raising prices loses customers.

Usually fewer than expected, and the remaining sales are worth more.

WHAT TO CALCULATE FIRST

How many sales you could lose at the higher price and still be better off.

The number is usually reassuring.

WHAT NOT TO DO

Change everything at once Judge on a week of data Revert at the first complaint

FOR SERVICES

Quote the new rate to new customers first.

Existing customers at renewal.

WHAT TO RECORD

What you changed, when, and what happened.


Was this answer helpful?
Back

Are you happy with your experience? Leave us a review on Trustpilot.


Trustpilot