http://www.paulallen.net/how-do-you-decide-how-to-price-your-product-and-how-do-you-know-if-you-got-it-right/ Internet Entrepreneur Thu, 11 Mar 2010 18:45:33 -0800 http://wordpress.org/?v=2.8.6 hourly 1 http://www.paulallen.net/how-do-you-decide-how-to-price-your-product-and-how-do-you-know-if-you-got-it-right/comment-page-1/#comment-2831 Michael White Tue, 27 Oct 2009 01:31:07 +0000 http://www.paulallen.net/how-do-you-decide-how-to-price-your-product-and-how-do-you-know-if-you-got-it-right/#comment-2831 I was just thinking about this today. Perhaps you could display a random price within a certain range to each visitor before eventually letting them know what the real price is if they decide to buy it. You could then see how price affected the percent of visitors who added the item to their cart, and determine the optimal price. This might have ethical issues, though. I was just thinking about this today. Perhaps you could display a random price within a certain range to each visitor before eventually letting them know what the real price is if they decide to buy it. You could then see how price affected the percent of visitors who added the item to their cart, and determine the optimal price. This might have ethical issues, though.

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