Shannon's Journal Discussion Volume 3

[Shannon]

If a single stage 5.5G now costs $600 dollars, I'm fairly sure I will never be able to afford a 6G multistage. What will it be, 3k, 5k?

Honestly if it actually achieves its goal than people will buy it, and pay even more for 6G. However truth is, a small sample of people are going to buy it as of now, and it’s going to take Shannon a shit ton of time until he makes good money from it. As a business person I would have sold it for $149.99 so that 300 people buy, rather than $600 where maybe 30 people will buy. But who knows maybe LTU is going to be a game changer. I do agree with you about how it seems quite expensive for only being a single stage 5.5g. If it was 6G technology that was talked about for years now, then id say go for it. But 5.5G was never as hyped up as 6g was.

The thing is, that sort of thinking sinks a business. You (might) make more in the short run, but even if you do, you kill yourself in the long run. The smart business owner always balances the price with the received and perceived value so that both are equal. This way you make the most possible profits, and you also maintain the value of the brand over time.

That is what I use the models to do when I choose the price. There were three options, and this one was actually the lowest one that came up as working. I chose this one because can raise the price later, after the value has been verified by the current users, and maximize profits now while giving my loyal customers a great deal at the same time I give them a life changing program with incredible value! It's win-win-win.

You see "quite expensive for only being a single stage 5.5g". You're comparing $114.95 to $600. I see twelve complete 5.5G titles in one, plus a load of extra content, which allows me to use all of them at once and change my whole life, without ever having to buy anything again. I see what would normally cost over $1,300 and make me waste most of it because I couldn't use more than one program at a time, now costing only $600 and allowing me to achieve value from every one of those titles at once.

That's why people will buy it at $600 and be happy.