4
Lowering our prices doesn't make a difference in sales, just in our revenue. A customer don't buy it because is cheap, a good customer buys it because wants to save time and need it with good quality at that precisely moment.
UPDATED* Experiment with sales
Discussion started by vipmodels
Hi friends
Want to make a little test with my sales
Average month to month I selling 5-6 models on cgtrader.com
My price for models is not high and the sellings is not high too
And I will try during December selling my models with 50% discount, and will see how it will affect on the sellings
after that month I will report here!
If someone have such an expirience pls write here about it
I think that info will be useful
regards
Yura
Answers
3
I don't think that you'll see significant increase in sales if any, but almost guarantee that you'll see decrease in monthly income :]
About month ago this guy https://www.cgtrader.com/marvimation announced that he's increasing prices for all his models. I decided to do the same, did go through all my models and increased prices for all of them (for some even by 100%!). Did that worked out? Hell ya, not only november was best month in terms of revenue, but in terms of number of sales too! I'm pretty sure that i won't do mass discounts on my models in the near future, if anything i may increase my prices even little more. I don't think that discounts have big inpact on sales in this business, however quality of products and good presentation really helps a lot.
Anyway, will be interesting to hear your experience after 30 days, although you have choose not the best month to experiment ;] Don't forget to inform us.
Thank you for sharing this, very interesting! I guess you just convinced me to not lower my prices :) let's see if vipmodels will convince me of the opposite again.
2
@vipmodels, most likely growth in sales was observed due to active marketing from CGT side and Holiday sales. I guess that many sellers experienced increased sales in December. I certainly did - it was best month ever for me on CGT.
BTW, unless my math is seriously wrong, but increase in sales by 50% and lowering prices to 50% at the same time, should equal in 25% of loss in revenue.
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