I sold several digital products in the past over 4 years or so and have ran numerous price tests; including letting people pay any amount they liked.

In total I had about 10,000 sales. (Sale doesn’t mean I made any money because customer could choose to “pay” nothing)

Of the 10,000ish sales, 7454 paid 0.

796 paid between $1 and $100

And the rest paid over $100.

ZERO people paid $100 voluntarily. It was only because I set a price that people paid this.

The product where I set no asking price had 2284 sales. Of those, only 16 people paid over $1

Almost the entire revenue I had came from charging what I viewed to be fair value. And while it was not my only income (i freelanced on top of that), the sales I had did help out a lot.

Maybe in a scaled nostr and the ease of payment with zaps the numbers would have been better for V4v, but in the legacy environment it just doesn’t work.

Part of the reason why pay what you want doesn’t work is because people need anchors - price anchors in the absence of comparative pricing. Price is one of the major signals which people use to make decisions and in the absence of price, people tend to equate that with FREE.

What people don’t realize is if not forced to pay, 99% won’t.

The only reason V4V appears to work is people are trying to make their own point valid, not because it actually works nostr:note1we6gzffcek2smm96aruylmldmqk2tq26ryqt36al03mwsed5tr2qpud038

How can I get more feedback on https:// hubstr.org ? #asknostr

You’re not a Bitcoiner until you…

Buy Bitcoin.

But then you’re like wait, I need to get these coins off the exchange.

So you get a hardware wallet.

But then you’re like wait, this is a ledger.

So you get a cold card.

But then you’re like wait, it isn’t using a passphrase.

So you use a passphrase.

But then you’re like wait this isn’t multisig and multisig would be better.

So you buy 4 more coldcards and set up a multisig.

But then you’re like wait I can’t just do coldcards I have to guard against supply chain attacks.

So you buy a ledger again and probably a bitbox too.

But then you’re like wait, I haven’t geographically distributed these.

So you disperse them throughout the country.

But then you’re like wait, what about jurisdictional risk?

So you disperse them to multiple countries.

But then you’re like wait, what if I was tracked as I was placing the hardware wallets?

So you…

There’s actually no end.

It just keeps going like that forever.

Congrats you’re a Bitcoiner now lol 😂

Hahahaha, true.

So excited to be a mother one day. Children are such blessings

who wants Testflight (iOS only) access to a NIP-60 wallet app I'm building?

10 largest zaps get you access to the testflight and to a NIP-29 community (also available through the app)

🙏 Repost for visibility, I need to pay rent 😂