jackolantern wrote:
tbox wrote:
Last I checked Equal protection laws do not effect video game sales. To be on the safe side I will remain the high price limited spots as "collectors edition" reserved spots.
That sounds like a good idea. I believe there is a law against selective price gouging. The Equal Protection laws are something else. But even if it is not written into the law, charging everyone the same price is just a good idea. Just because something is against the law doesn't mean it can't destroy your business.
Price discrimination is a perfectly legitimate business model, and is practiced all the time. It's not price gouging.
MMORPGs typically charge different prices for different regions. People in China don't pay a $14.99 subscription fee for WoW like people in the USA. Similarly, Microsoft doesn't charge the same for Windows in say Nigeria, that they do in Germany.
You can give a discount to "early adopters", charge more for people that purchase after that, etc.
What Does Price Discrimination Mean?
A pricing strategy that charges customers different prices for the same product or service. In pure price discrimination, the seller will charge each customer the maximum price that he or she is willing to pay. In more common forms of price discrimination, the seller places customers in groups based on certain attributes and charges each group a different price.
Investopedia explains Price Discrimination
Price discrimination allows a company to earn higher profits than standard pricing because it allows firms to capture every last dollar of revenue available from each of its customers. While perfect price discrimination is illegal, when the optimal price is set for every customer, imperfect price discrimination exists. For example, movie theaters usually charge three different prices for a show. The prices target various age groups, including youth, adults and seniors. The prices fluctuate with the expected income of each age bracket, with the highest charge going to the adult population.