Comments on: Hell, You Might As Well Charge More http://www.npost.com/blog/2009/07/06/hell-you-might-as-well-charge-more/ Connecting Startups with Talent Since 1999 Fri, 27 May 2011 04:20:51 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ian Hu http://www.npost.com/blog/2009/07/06/hell-you-might-as-well-charge-more/#comment-509 Ian Hu Mon, 06 Jul 2009 16:42:32 +0000 http://www.npost.com/?p=3273#comment-509 I think you should always set a high price like MSRP for cars. While you can apply discounts as a promotion. Most important is set a price for your financial projection inside your business plan so investors can see potential revenue under Best, Most Likely and Worst case scenarios. "Free" is cool but you've got to make revenue somewhere, unless you have huge potentials for payment somewhere like clicks, it is hard to keep growing if you simply give it away. I always wonder how consumer value your service when it's free? Ian I think you should always set a high price like MSRP for cars. While you can apply discounts as a promotion. Most important is set a price for your financial projection inside your business plan so investors can see potential revenue under Best, Most Likely and Worst case scenarios.

“Free” is cool but you’ve got to make revenue somewhere, unless you have huge potentials for payment somewhere like clicks, it is hard to keep growing if you simply give it away. I always wonder how consumer value your service when it’s free?

Ian

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