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Monetizing Success - Quantity vs Price

Discussion in 'Instagram' started by madblackhatter1000, Dec 11, 2015.

  1. madblackhatter1000

    madblackhatter1000 Power Member

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    Regarding the products you sell (either yourself, or your clients through shoutouts) , which price ranges have people had most success with?

    Example: in your experience have you seen higher revenue with high quantity x selling $1.99 product, or lower quantity x selling $299.99 product?
     
  2. Dbeck19

    Dbeck19 Regular Member

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    This is a really silly post, you're giving people no context.

    You are just saying "is it better to sell low cost or high cost"

    With no details on what your selling / competitors/ audience/ traffic etc
     
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  3. Sythix

    Sythix Senior Member

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    Sell at a price range for what it's worth. How many charge backs would you get selling to 200 people for $1? Howmany charge backs would you get selling to one person for $200? I think that should answer your question.
     
  4. Cryogenesis

    Cryogenesis Jr. VIP Jr. VIP

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    I'd say a moderate number of $25-30 priced products. Constant sales.
     
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  5. madblackhatter1000

    madblackhatter1000 Power Member

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    Easy buddy, I left the context out on purpose. You are correct, I'm curious about - do people make MORE $$ selling at lower prices or higher prices. I'm curious about what price ranges people have seen their greatest success and profit. Whats generally the price range of these products, between $5 and below? $10-25? $50-100? $199+ ?

    I don't want people to reveal their context or product but here are a few examples I just made up - you can see there is a big difference between the quantity+price and the success.

    1. Selling 1 laptop @ $500 = $500 Total
    2. Selling 1000 iPhone covers @ $2 = $2000 Total
    3. Selling 5000 iTunes songs @ $.99 = ~$5,000
    4. Selling 500 T-shirts @ $30 = $15,000
    5. Selling 1 car @ $10,000 every 3 years = $10,000*
    6. Selling X weight-loss vitamins @ $$$ = xxx,xxx
     
  6. Sythix

    Sythix Senior Member

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    If I were you I'd focus on selling high end products, rather than 74847473883 for $0.99, this is what I am slowly moving into but it takes capital. Most people start to realize this when they have an amazon affiliate store with 20 orders and only $3 in earnings. Yep, I was THAT guy.
     
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  7. Dbeck19

    Dbeck19 Regular Member

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    I see what you're saying,

    If you're selling something for a high cost you will need to build brand first, someone will not pay thousands if they cannot trust your brand.

    There is a coffee scrub company that will do $20m in sales this year on Instagram (lost cost, high volume in sales), there are also high cost items which are very successful I'm sure but that's not my niche as it requires startup capital unless it's a virtual product/ app.
     
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  8. danceparty

    danceparty Junior Member

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    do you mind sharing that company name and where you heard that rumor?
     
  9. Dbeck19

    Dbeck19 Regular Member

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    What rumour?

    If you're talking about the coffee scrub company I can PM you where the founders talk about $20m in sales off Instagram alone?
     
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  10. madblackhatter1000

    madblackhatter1000 Power Member

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    thanks for mentioning it. I found the article pretty easy using google. Its a really inspirational case study to apply to any niche. Only 18 months to success, wow!
     
  11. Dbeck19

    Dbeck19 Regular Member

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    I worked as a consultant for a startup watch company which had similar projection.

    You should note that these pages and brands with fast growth had startup capital so they could have large influencer endorsements, or even ongoing sponsorships with bloggers.
     
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  12. andale1

    andale1 Newbie

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    this is a mental math concept... really depends on the quality of your brand and your product...
     
  13. madblackhatter1000

    madblackhatter1000 Power Member

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    Great point, getting a celebrity endorsement could skyrocket a brand several years ahead of organic growth.
     
  14. redarrow

    redarrow Elite Member

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    Comes down to what you put into your business the more you get out.

    advertising and hitting the correct places to hit your niche heigh.

    Pricing is maket reseaching ,that why internet marketing is a business not a game.

    For example just becouse i use computers to gain a income, i also found a weired but really good advetishibg sight ,where a car sits on a farm ,with there url on a van pointing to the motorway, all day people from the motorway see the sign , it cost permission of the farmer, and a old van ,and a spray can, and a stencil, the website brings in %60 of sales thu my idea, so it what u put into a business.....quick thinking out the box. This was a hotel project works perfect for internet and phone calls...


    Convert this to shout outs example only.....
    1000 google visitors adsence =$1.25
    5000 google visitors adsence=$6.25
    10.000 goggle visitors adsence =$12.50
    25.000 google visitors adsence =$32.50
    50.000 google visitors adsence =$65
    1000.000 google visitors adsence = $125
     
    Last edited: Dec 14, 2015