I'm currently surveying 600 of my early users of my android app.
What's disconcerting so far is their answer to the following question:
The app will be 100% free for you forever (thank you for the support) however what do you think is reasonable pricing? Consider, that some of the revenue will be re-invested in making the app better for all users
It's early days now but it's trending towards $1/$2 when in reality I believe that it's worth allot more to anyone who gets a fair amount of value from it.
Price and value are not the same thing. Lots of labor can make something valued, usefulness can make something valued, but as early liberal and Marxist political economists found out the hard way, it's nearly impossible to derive a theory prices from a theory of value.
The price is going to be determined by supply and demand, not by your labor or the usefulness of the app.
There are occasions when you can successfully price a good above supply and demand (when you have a monopoly on a good that isn't easily substitutable), but I doubt you're in that scenario.
What's disconcerting so far is their answer to the following question:
The app will be 100% free for you forever (thank you for the support) however what do you think is reasonable pricing? Consider, that some of the revenue will be re-invested in making the app better for all users
It's early days now but it's trending towards $1/$2 when in reality I believe that it's worth allot more to anyone who gets a fair amount of value from it.