π¨βπ¬π§ͺ Results from the Nomad List membership pricing test: $79.99 (one-time-payment) is the highest revenue generating price at $34,407/mo with 430/mo sign ups
I had $99.99 for a long time but as you see it actually made me have less revenue: $19,435/mo, so it was overpriced
1/2
I had $99.99 for a long time but as you see it actually made me have less revenue: $19,435/mo, so it was overpriced
1/2
https://twitter.com/levelsio/status/1383609211553083394
π VERY interesting (and economically obvious) is that there is a big valley of low sales from $100 to $500
People either buy at the <$100 low end, or the >$500 high end: e.g. $499, $849, $1299
There's hardly any middle ground
That explains those $1000+ courses you see
People either buy at the <$100 low end, or the >$500 high end: e.g. $499, $849, $1299
There's hardly any middle ground
That explains those $1000+ courses you see
The $79.99 sweet spot which I learned was optimal from the test I applied in real life
...and it has been working, revenue is up and trailing twelve months has never been so high: $365k/y!
nomadlist.com/open
...and it has been working, revenue is up and trailing twelve months has never been so high: $365k/y!
nomadlist.com/open
$35k + $5k ads = $40k/mo which I think I can keep nomadlist.com at, if I then sell a course I can add ~$10k/mo maybe and hit $50k/mo with Nomad List, which I think is the minimum it should be making considering the growing market size of nomads
https://twitter.com/levelsio/status/1383609211553083394?s=20
Also I tried recurring again (by removing one-time-payment) the last months and it absolutely decimates my revenue. It dropped it down from $25k to $7k/mo at some point. Recurring doesn't work for this business.
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