Willingness to Pay is different than the identification of consumer pain points. That comes first before you determine how you monetize your "solution" and what the appropriate price point is. The first step is being curious enough to identify customer pain points.
On Thu, Feb 21, 2013 at 6:48 PM, Michael Mellinger <[address removed]>
Isn't the general rule that consumers don't pay to reduce their pain like businesses will? That's why all those social networks try to get huge. Get big and worry about profitability later. It's funny to watch people to complain that their free, or $2, app doesn't give them more.
I'd be careful to verify that consumers will actually pay.
Sent from my iPad
On Feb 21, 2013, at 5:46 PM, PJ <[address removed]> wrote:
Thanks, Alyssa - so, what pains you as a consumer? :)
On Thu, Feb 21, 2013 at 5:13 PM, Alyssa Martina <[address removed]>
Great question, PJ. Innovation often starts with this inquiry.
On Thu, Feb 21, 2013 at 2:35 PM, PJ <[address removed]>
Please indulge me in participating in my one-question research study :)
Q: As a consumer, what are your biggest pain points? (This could be about anything you pay money for - movies, groceries, vehicles, electronics, food, appliances, vacation packages, etc.)
P.S. If you're an entrepreneurial techie who wants to do good for consumers, contact me
Please Note: If you hit "REPLY", your message will be sent to everyone on this mailing list ([address removed])
This message was sent by Michael Mellinger ([address removed]) from NY Tech Meetup.
To learn more about Michael Mellinger, visit his/her member profile