Friday, May 1, 2009

Priceing Research.

Now that i have produced my magazine, i asked a number of young people what sort of price they would find acceptable for this type of magazine and all its features. To do this i went online on my messenger, and asked a variety of people with different interests, between the ages of 14-22. I asked them online because i was sure to get an answer because i was talking to them at that moment and wasn't waiting for a response, like it would happen if i had sent out an email and not know when that person would next sign in, so when i would get my answer. These are the responses i recieved:
Adrian (Aged 18) - £2.30
Michelle (Aged 18) - £2.00
Rowanna (Aged 20) - £1.55
Keith (Aged 17) - £2.00
Victoria/Vicky (Aged 16) - £1.50
Breesha (Aged 21) - £1.20
Pagan (Aged 19) - £1.40
Callum (Aged 17) - £1.70
Simon (Aged 18) - £1.30
Nick (Aged 14) - £2.00

I personally, would pay inbetween £1.00 and £1.40 for this magazine. The reason for this is that it hasn't got as many pages as other magazines, which from my research cost inbetween £1.00 and £2.00. These magazines i looked at were Heat magazine (£1.65) , Closer (£1.25), Reveal (£1.00).

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