Apple has posted a review of one of my apps in the App Store's official Facebook page. Its price is $2.99 and it's currently ranking 27th on iPhone and 16th on iPad in its category (News).<p>I'm thinking in lowering the price to $0.99 for the weekend, but I see both upsides and downsides:<p>Upsides:
- More sales
- More exposure, since it will climb the rankings higher<p>Downsides:
- I might make less money
- Some users who bought the app might be annoyed when they see I dropped to price to $0.99 just after they bought it (this one specially worries me)<p>So, dear HN, what would you do?<p>App Store's official FB page: http://www.facebook.com/AppStore<p>Printful (my app) http://itunes.apple.com/app/printful/id385487729?mt=8
You could split the difference, with $1.99. People who already paid wont be so irk'ed, and others will be more likely to find value in your app at the new pricepoint.
Users that paid $2.99 shouldn't be upset. When making a purchase decision they decided it was worth that to them. The future lower price could have saved them $2.00 but it isn't a reason to get upset. If you spend time all of your life being bitter by the fact you could have gotten a better deal if you just waited... well this is how bubbles happen.
When an app is more then 99 cents, one of the key things I look for in the Description field is upcoming features. It makes me find more value in the app, because I believe the developers are actively working on updates and I will be more likely to purchase the app knowing that its feature set will be increasing.
Why not double the price?<p><a href="http://jacquesmattheij.com/Double+your+price+(and+no,+Im+not+kidding)" rel="nofollow">http://jacquesmattheij.com/Double+your+price+(and+no,+Im+not...</a>
Hey people bought it for 2.99 right? What makes you think that more people won't pay that price? It has a nice ranking and all, why not just take nickythegreek's advice and add a upcoming features list.<p>You may also put a lite version out there which will cost .99. Just saying, not an experienced person here.
I'm experienced with the appstore, including having an app that sells for the same price and leveraging short term exposure by lowering the price.<p>Absolutely lower your price to $0.99. The goal here is not to maximize revenue for the short period apple is featureing you, but to maximize momentum for the next week or two.<p>If you have viral features, such as sharing, etc, then you have a chance of sparking a lot of further growth by having new people introduced who then share it.<p>Never once had anyone complain about the price being lowered.