Ways to raise willingness to pay - Deepstash
Ways to raise willingness to pay

Ways to raise willingness to pay

  • Product quality. The higher the quality, the more appealing the service, the higher the willingness to pay.
  • Product complements. A compliment is a product or service that supports willingness to pay. For example, razor and razor blades, or printer and printer cartridges.
  • Network effects. The more popular the product, the more widespread its adoption, the greater my willingness to pay.

27

116 reads

CURATED FROM

IDEAS CURATED BY

michnels

Horticultural therapist

The idea is part of this collection:

How To Get Rich Naval - Every Episode

Learn more about strategy with this collection

Why happiness is the ultimate goal

The importance of creating value

How to create wealth in the modern era

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates