Michelle A
unread,May 24, 2012, 4:20:54 PM5/24/12Sign in to reply to author
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to ridecamp
Sorry, I got distracted, and forgot to send the results! =) Take from this WHATEVER you'd like, ha ha.
I got 40 responses, which is in no way a significant portion of our riders, but it is still not too bad of a number =)
The maximum income generated is at $10. It drops about a third when price is changed to $15, and is a pretty gradual drop as the price goes up from there. The total income is higher at $5 than at $15. To be noted that I considered the buyer's frequency in the contribution they would have to the total income (if they buy 90% of the time, then they factor for 0.9 of a purchase; if they buy 50% of the time, they only account for 0.5 of a purchase; etc).
There were no responses of 0% or 25%, but the responses at 10% averaged only a mere $6 average for picture price willing to pay. So I am summarizing that people who very rarely buy aren't willing to spend very much anyway. Above that (50% - 100%), the more likely people want to buy, the less they are willing to spend (50% averaged $20, 75% averaged $18, 90% averaged $14, and 100% averaged $11).
Only 36% of responses expect their picture to be edited as a part of the purchase price.
67% of responses would be interested in there being a package deal offered for ALL pictures of the rider, and the average price willing to pay for this was over $30. But the maximum income would be generated at $20 (using same techniques as above).
Thanks everyone for responding!
-- "Don't breed or buy while shelter animals die"