Experimenting with a new "non-recurring weekly pricing" for TweetSeach
What's the rationale behind this, and what are the potential benefits?
I’ve managed to get over 120 signups for the limited version of TweetSearch (search within the past 30 days only).
To unlock unlimited search, users need to purchase a plan. Currently, I offer only Yearly ($34.99) and Lifetime ($49.99) subscriptions.
The result? Users don’t commit. No sales. It's either product is not helpful either pricing is too high.
So, I’m trying something new: a low, one-time weekly price of $3.99.
While this new pricing comes with downsides—like lower revenue per sale and potentially higher churn since it's non-recurring—
I see some possible upsides:
• It lets users try the tool at a very low cost.
• A small sale is better than no sale. Sales fuel us as entrepreneurs, giving us energy, strength, and motivation.
• Users who need temporary access are fully satisfied, which helps create happy users and potentially leads to good word-of-mouth.
• I believe in the value of my tool. Those who find it useful after their trial may opt for the yearly or lifetime plan, which would make more financial sense for them in the long run.
Excited to see if this new pricing leads to my first sales...
Experimenting with a new "non-recurring weekly pricing" for TweetSeach
What's the rationale behind this, and what are the potential benefits?
I’ve managed to get over 120 signups for the limited version of TweetSearch (search within the past 30 days only).
To unlock unlimited search, users need to purchase a plan. Currently, I offer only Yearly ($34.99) and Lifetime ($49.99) subscriptions.
The result? Users don’t commit. No sales. It's either product is not helpful either pricing is too high.
So, I’m trying something new: a low, one-time weekly price of $3.99.
While this new pricing comes with downsides—like lower revenue per sale and potentially higher churn since it's non-recurring—
I see some possible upsides: • It lets users try the tool at a very low cost. • A small sale is better than no sale. Sales fuel us as entrepreneurs, giving us energy, strength, and motivation. • Users who need temporary access are fully satisfied, which helps create happy users and potentially leads to good word-of-mouth. • I believe in the value of my tool. Those who find it useful after their trial may opt for the yearly or lifetime plan, which would make more financial sense for them in the long run.
Excited to see if this new pricing leads to my first sales...
Either way, I'm all in for the experiment!