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mikesimonsen

  • michael simonsen

  • Silicon Valley, CA

  • www.AltosResearch.com

  • I'm the co-founder CEO of Altos Research. We do real estate data for people who care about such things.

Insights by mikesimonsen

  • How can I test pricing?

    Answered by Dan Martell – Founder & Investor.    

    Testing pricing and optimizing are 2 diff things. If you want to test that someone might pay for your service - prompt them. Put a fake upgrade page with a bunch of featu... (more)
    michael simonsen
    Here's a technique I've found useful for testing pricing, especially pre-launch. We're always tempted to ask, "How much would you pay?" but it turns out that question gets lousy feedback, because everyone wants it free. Rather, I found it effective to 1) pitch the product and wait until they ask "How much?" then 2) try a number, use the present tense, "It's costs $99/month" and 3) see if they flinch. If not, then try a little higher next time. 4) repeat.