I have an online point of sale application called php point of sale. I sell it in 2 formats:
1. Download version which a user configures and installs on there own web server or computer
2. Cloud/Hosted version where the user runs the system from our server.
My current pricing strategy was $99.00 for 1 year of access to updates for download and $29.00 / month for hosted solution (14 day trial).
I was getting about 80% download and 20% hosted. My goal is to get more hosted customers as I make more money this way and it is a better experience for the end user.
I tried raising my price of my download solution to $249.00 and did this for 4 days and only got 1 sale.
Based on the market and my current product, what would you suggest for a pricing strategy. Long term I want to have more hosted customers.