Got it. (And I agree) Demand still plays a central role in that. If you're moving upmarket, there has to be demand there for what you have. And, there's a limit to that. Example: Apple tried to go upmarket with an existing product (Apple Watch).https://qz.com/776065/the-gold-apple-watch-edition-is-no-longer-for-sale/ …
Eventually, econ folks will use that data to generate a demand curve – which illustrates how much customers are willing to pay for a given product. It's a bit different with software (because quantity can be unlimited) but software still follows the basic principles I think.pic.twitter.com/VtlCL1Ghgh
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Heh, yeah, I know about the demand curve though I don't do all that...I just test pricing and see if I make more money :)
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Yes! But the price testing we do with digital products basically follows the demand curve.pic.twitter.com/AtsNTc9NYC
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