During the holiday season when retailers are at peak-spends to drive traffic to their websites, squeezing every nickel of profit out of each sale is crucial.
Back in the early days of web marketing (2002 to be exact) we managed website conversion testing for a site called Wholesaler’s Handbook.
The product was aimed at EBAY sellers to provide access to wholesale product sources, and was priced at $49.95.
Around this time we’d begun experimenting with “Price Elasticity Testing”, which was originated by an economist in 1890.
By applying this methodology, we nearly doubled the site’s profit margin in about 2 weeks . . . Continue reading “Why price elasticity testing is a MUST over the holidays . . .”