a single source, nothing corroborates it
Sell the upgrade to people who already bought
Existing owners are the warmest buyers a new edition has, and a deep upgrade discount converts a meaningful share of them within a day. Make the top tier's upgrade free and let lower tier owners pay only the difference, so nobody feels penalised for having bought early. Attaching a store credit to upgrades taken in the first day compresses the whole window into one push.
The method
- 01
Give previous-edition owners a deep upgrade discount instead of asking full price again
- 02
Make the new edition a free upgrade for top-tier owners, and let lower-tier owners pay only the difference to the old price
- 03
Attach a store credit to upgrades taken in the first 24 hours to compress the upgrade window
What it returned
- 166
166 of 1,152 first-edition owners upgraded within 24 hours at 70% off, 14% of them, contributing $7,649, or 21% of launch revenue
- $99
Complete package owners upgraded free; a buyer of the $99 package could move up for $99
- $50
An extra $50 credit for anyone upgrading within the first 24 hours
Sources
- $36,297 in 24 hours: behind the scenes of The App Design Handbook launchNathan Barry · nathanbarry.com · Upgrades · 2013-11-11
- Authority launches tomorrow morningNathan Barry · nathanbarry.com · Let's talk upgrades · 2015-05-26
the second source
Three plays a week, for the phase you are in
No roundup of links, no news. Three tactics more than one builder arrived at separately, with the numbers each one returned and the disagreements left in.
More in pricing
- Make them pay before the thing exists8 unconnected · contested
- Decide whether a free tier earns its keep7 unconnected · contested
- Put a cheap rung below the expensive offer7 unconnected · contested
- Undercutting alone is not a position7 unconnected · contested
- Turn the service into a product with a public price7 unconnected
- Charge for the result, not the hours6 unconnected · contested