November 10th, 2009 in How to price your templates? Is pricing always the most interesting topic?
Undercut? Over the top? You’re a photographer, so you know how to charge 
Well I think there’s an argument for quite a few approaches so I’ll give you a few facts to help set your price.
- The mean sale in the Store has been about $37 US dollars.
- The median is $35 US dollars.
And there seem to be two sweet spots to get volume, $25 and $50.
Of course, there are exceptions, with some templates listed for $150 – $180. Maybe you don’t need to sell much to be happy at those prices?
Danny (the statistician)
PS. Please ask me the difference between mean and median
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okay Danny – how could the median be $35 if you have ones going for $150? isn't median the number in the exact middle? Mean is the average calculated by taking the sum, divided by the number of entries – no?
A chance to show off!
Mean = “total sales” / “# of sales”
Means can be susceptible to outliers, like the $180 templates
Median = sort the sales in ascending order, pick the 'middle' number.
Two slightly different ways of looking at data.
HTH
Danny
A chance to show off!
Mean = “total sales” / “# of sales”
Means can be susceptible to outliers, like the $180 templates
Median = sort the sales in ascending order, pick the 'middle' number.
Two slightly different ways of looking at data.
HTH
Danny
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