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walke

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Happy New Year HN 6 years ago

Happy New Year Hacker News and HNers! In a year of crazy ups and downs it's nice that this place remains a constant.

Best of luck!

Side comment on: Raffle Creator -- while I love the idea I question the legality of it. While looking into doing various contest/raffle apps myself I was always stonewalled with legal issues. IANAL but I believe anytime you cross money with pure luck it is considered gambling and must be regulated.

It is a sunny day and a among his other wares a street vendor is selling umbrellas for $11.99. After you pass his stand it begins to rain, and you return to the vendor. The umbrellas are now priced at $15.99.

> But what if your wrong, how do you properly handle increasing your price on existing customers?

I think "properly" is to go about it in a way that is fair to everyone. If you have a customer base who sees value in the service you are providing and the raise is within reason they should stick around. If it is a very disruptive price increase you can always grandfather customers in or give them a X-month run way.

>Also, how do you know if it would be better to increase the price and maybe get more per customer, or decrease and maybe get more customers? How do you test that?

Why not just A/B test your pricing structure? Unless your customers communicate in the same channels you have little risk in charging Customer A one price and Customer B a different price.