We now have been promoting artworks on-line for nearly Three years now. We now have been slowly rising since we began.
I believe it’s time for us to scale. As we’re pricing our merchandise on the costly aspect, scaling may imply we have to deliver these costs down a bit.
I’ve few questions as comply with:
1- How would you go about assessing the advantages of decreasing costs ? One would assume conversion fee would elevate, can I assume there’s a direct relationship ? are there any graphs that plots conversion fee vs merchandise value ?
Can I assume if we reduce costs by half (we can’t reduce by this a lot), conversion fee will double and whole income will keep fixed ?
2- How would you go about forecasting the impact of a value reduce on whole income ?
3- Any case research, books, analysis, assets on this subject you possibly can share ?