entertainment is an interesting product because it's value is only determined as it is being consumed. Insight, advice, etc is a product where the value is usually determined long after it has traded hands. This delay makes it much more difficult to price accurately.
I had a similar though thinking about why we're so unwilling to pay 2 or 3 dollars for an app but perfectly willing to pay 5 dollars for a coffee. The app has to be "used" before it provides value. Prior to its usage it's a psychological burden & a gamble, not entertainment.
-
-
If we think the value is predictable, we'll pre-order happily. Even if we're not usually accurate (i.e. pre-ordering games). But some "products" are highly variable and more dependent on the individual, so nearly impossible to price correctly.
-
I have a theory that there is also an upper limit to the "quality" of things that are predictable. Being able to profit off of high quality stuff w/o underselling requires building a long term relationships, e.g. a brand. Christopher Nolan movie, apple airpods, blizzard game, ..
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.