this post was submitted on 22 Sep 2024
710 points (98.4% liked)
Technology
59339 readers
5058 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's the same with increasing the price of a service. Usually, the extra revenue from the price increase is far greater than the revenue loss from people that unsubscribe. If a business has a choice between a large number of customers with a small amount of profit per customer, and a small number of customers with a larger amount of profit per customer, they'll always pick the latter. Fewer customers reduces other costs, for example less support load, less bandwidth usage, etc.