Except it might not increase their sales ten fold. Limited time offers can entice players that might not purchase an item to do so. Kind of our nature. Offer up something with the idea that it will never be offered again so will be somewhat rare in the game and more players are going to jump in and purchase.
Except it might not increase their sales ten fold. Limited time offers can entice players that might not purchase an item to do so. Kind of our nature. Offer up something with the idea that it will never be offered again so will be somewhat rare in the game and more players are going to jump in and purchase.
Anotherone773 wrote: »Except it might not increase their sales ten fold. Limited time offers can entice players that might not purchase an item to do so. Kind of our nature. Offer up something with the idea that it will never be offered again so will be somewhat rare in the game and more players are going to jump in and purchase.
Its actually been proven that the LTO marketing strategy only works in today's world when you are doing it through television/radio mediums. It also is drastically more effective when you are marketing a need. Something that i am going to need anyway. Such as Monopoly at Mc Donalds. I have a choice between 3-4 fast food burger places and i need to eat but if i eat at Mc Donalds i could win a prize. And some of the common prizes are for free food so i will come back again before the LTO is gone to get my free fries...but ill get a burger and coke as well.
That doesn't work online because the internet is a place of instant gratification. I can order nearly any consumer good that exists and have it at my house in less than 7 days( ignoring the pandemic), why would i wait months or more than a year for a virtual good? I might not even be playing this game in 6 months....
And there is the other catch. You have a lot of new players playing ESO and a lot of them will play a week, a month, maybe a few months. Then go play something else. The crown store does not have that impressive of a selection and everything in it is overpriced. Most players wont see 90% of the content that has been available for purchase for crowns. If you provide more of a selection and offer that hook to get them to buy and keep them invested( winning those fries in monopoly), they are likely to hang around longer to buy more stuff. But this LTO stuff most newbies barely see what they can own. And cosmetics are huge sellers in games right now.
Then you have people like me, impulse buyers. I buy in games items on impulse. Their most recent sales they lost on me is Shalidor's and up to 30 crown crates. When i looked at Shalidor's i wanted it, but it wasn't available. A week or two later it became available but i lost interest in it by then. So i didn't buy it. I got excited about owning it while i was exploring it but after i left and moved on, i was like meh, maybe later. I was also going to buy my wife and I crown crates as a christmas present. I was going to buy at least the 4 pack for each of us and the 15 pack if i really liked what was in them. I disliked almost all of the items in them, so bought zero. Had all seasons been available that would have been a guaranteed 15x2 crown crate sale.
And that is just in the last 30 days. They have missed out on 10s of thousands, probably near 200k total, of crowns in sales for me since i started playing 4 years ago because things are not available when i want them. I have $150/month in untapped gaming funds that ZOS could claim some or most of just buy offering a lot more stuff for sale ALL THE TIME. That money gets spent on other games( currently single players) which then draws me away from ESO. The less time i play ESO, the less likely i am to spend money in the crown store.
Lastly, they assume that people are just going to have the funds available to buy their overpriced crown items, or that they are going to spend money to buy the crowns and then just sit on them waiting and hoping what they want to become available. If i have $100 this month to spend on game stuff and my choices are to spend it on crowns and hope my house comes up for sale again in the near future OR i can go spend it on something else in another game that i can get right now or even spend it on owning another game, then why would i spend it and wait for my to become available? I won't. That is not how entertainment works.
LTOs might work for 5% of the player base but it actually hurts your sales with the other 95%. It is a very outdated strategy from when the medium to reach the most customers was television. It still works on that medium, not this one. I think they should probably hire someone who got their degree in marketing this century.
Anotherone773 wrote: »Except it might not increase their sales ten fold. Limited time offers can entice players that might not purchase an item to do so. Kind of our nature. Offer up something with the idea that it will never be offered again so will be somewhat rare in the game and more players are going to jump in and purchase.
Its actually been proven that the LTO marketing strategy only works in today's world when you are doing it through television/radio mediums. It also is drastically more effective when you are marketing a need. Something that i am going to need anyway. Such as Monopoly at Mc Donalds. I have a choice between 3-4 fast food burger places and i need to eat but if i eat at Mc Donalds i could win a prize. And some of the common prizes are for free food so i will come back again before the LTO is gone to get my free fries...but ill get a burger and coke as well.
That doesn't work online because the internet is a place of instant gratification. I can order nearly any consumer good that exists and have it at my house in less than 7 days( ignoring the pandemic), why would i wait months or more than a year for a virtual good? I might not even be playing this game in 6 months....
And there is the other catch. You have a lot of new players playing ESO and a lot of them will play a week, a month, maybe a few months. Then go play something else. The crown store does not have that impressive of a selection and everything in it is overpriced. Most players wont see 90% of the content that has been available for purchase for crowns. If you provide more of a selection and offer that hook to get them to buy and keep them invested( winning those fries in monopoly), they are likely to hang around longer to buy more stuff. But this LTO stuff most newbies barely see what they can own. And cosmetics are huge sellers in games right now.
Then you have people like me, impulse buyers. I buy in games items on impulse. Their most recent sales they lost on me is Shalidor's and up to 30 crown crates. When i looked at Shalidor's i wanted it, but it wasn't available. A week or two later it became available but i lost interest in it by then. So i didn't buy it. I got excited about owning it while i was exploring it but after i left and moved on, i was like meh, maybe later. I was also going to buy my wife and I crown crates as a christmas present. I was going to buy at least the 4 pack for each of us and the 15 pack if i really liked what was in them. I disliked almost all of the items in them, so bought zero. Had all seasons been available that would have been a guaranteed 15x2 crown crate sale.
And that is just in the last 30 days. They have missed out on 10s of thousands, probably near 200k total, of crowns in sales for me since i started playing 4 years ago because things are not available when i want them. I have $150/month in untapped gaming funds that ZOS could claim some or most of just buy offering a lot more stuff for sale ALL THE TIME. That money gets spent on other games( currently single players) which then draws me away from ESO. The less time i play ESO, the less likely i am to spend money in the crown store.
Lastly, they assume that people are just going to have the funds available to buy their overpriced crown items, or that they are going to spend money to buy the crowns and then just sit on them waiting and hoping what they want to become available. If i have $100 this month to spend on game stuff and my choices are to spend it on crowns and hope my house comes up for sale again in the near future OR i can go spend it on something else in another game that i can get right now or even spend it on owning another game, then why would i spend it and wait for my to become available? I won't. That is not how entertainment works.
LTOs might work for 5% of the player base but it actually hurts your sales with the other 95%. It is a very outdated strategy from when the medium to reach the most customers was television. It still works on that medium, not this one. I think they should probably hire someone who got their degree in marketing this century.
Anotherone773 wrote: »Except it might not increase their sales ten fold. Limited time offers can entice players that might not purchase an item to do so. Kind of our nature. Offer up something with the idea that it will never be offered again so will be somewhat rare in the game and more players are going to jump in and purchase.
Its actually been proven that the LTO marketing strategy only works in today's world when you are doing it through television/radio mediums. It also is drastically more effective when you are marketing a need. Something that i am going to need anyway. Such as Monopoly at Mc Donalds. I have a choice between 3-4 fast food burger places and i need to eat but if i eat at Mc Donalds i could win a prize. And some of the common prizes are for free food so i will come back again before the LTO is gone to get my free fries...but ill get a burger and coke as well.
That doesn't work online because the internet is a place of instant gratification. I can order nearly any consumer good that exists and have it at my house in less than 7 days( ignoring the pandemic), why would i wait months or more than a year for a virtual good? I might not even be playing this game in 6 months....
And there is the other catch. You have a lot of new players playing ESO and a lot of them will play a week, a month, maybe a few months. Then go play something else. The crown store does not have that impressive of a selection and everything in it is overpriced. Most players wont see 90% of the content that has been available for purchase for crowns. If you provide more of a selection and offer that hook to get them to buy and keep them invested( winning those fries in monopoly), they are likely to hang around longer to buy more stuff. But this LTO stuff most newbies barely see what they can own. And cosmetics are huge sellers in games right now.
Then you have people like me, impulse buyers. I buy in games items on impulse. Their most recent sales they lost on me is Shalidor's and up to 30 crown crates. When i looked at Shalidor's i wanted it, but it wasn't available. A week or two later it became available but i lost interest in it by then. So i didn't buy it. I got excited about owning it while i was exploring it but after i left and moved on, i was like meh, maybe later. I was also going to buy my wife and I crown crates as a christmas present. I was going to buy at least the 4 pack for each of us and the 15 pack if i really liked what was in them. I disliked almost all of the items in them, so bought zero. Had all seasons been available that would have been a guaranteed 15x2 crown crate sale.
And that is just in the last 30 days. They have missed out on 10s of thousands, probably near 200k total, of crowns in sales for me since i started playing 4 years ago because things are not available when i want them. I have $150/month in untapped gaming funds that ZOS could claim some or most of just buy offering a lot more stuff for sale ALL THE TIME. That money gets spent on other games( currently single players) which then draws me away from ESO. The less time i play ESO, the less likely i am to spend money in the crown store.
Lastly, they assume that people are just going to have the funds available to buy their overpriced crown items, or that they are going to spend money to buy the crowns and then just sit on them waiting and hoping what they want to become available. If i have $100 this month to spend on game stuff and my choices are to spend it on crowns and hope my house comes up for sale again in the near future OR i can go spend it on something else in another game that i can get right now or even spend it on owning another game, then why would i spend it and wait for my to become available? I won't. That is not how entertainment works.
LTOs might work for 5% of the player base but it actually hurts your sales with the other 95%. It is a very outdated strategy from when the medium to reach the most customers was television. It still works on that medium, not this one. I think they should probably hire someone who got their degree in marketing this century.
The points you make are valid out and about in the real world. I was going to use the McRib sandwich as an example. It isn't (my opinion) a particularly good sandwich but offer it for two weeks only and people line up to get one.
Thing is we are all playing one game. We obviously enjoy the game or at least I hope we do. So the 3-4 other places doesn't really apply because we are in one game. You want a particular mount in this game their isn't another game offering that mount.
ZoS is a huge corporation. We all know they have a whole team or three that just crunches numbers. Businesses are all about increasing profits. We the players do not see the numbers. We can speculate but that is all it is, speculation. We can make guesses about the economics of the game. I am pointing out maybe the numbers show exclusive limited edition items work better for this particular game. I would never say so conclusively as I don't have the numbers but it is a possability.
You also have to consider all the players that purchased crown crates with an expectation of exclusivity of certain items could be alienated by the items being made available again. Something they have to consider.
My point was we can't assume a loss of profit because we don't have access to the data.
And that limited time exclusive offer is a huge psychological trigger for a huge percentage of the population. I mean honestly those McRib sandwiches really are not that good. And yes I see the irony in me using them as an example when the availability is repeated. Still kind of demonstrates my point.
Uhhh....it's taught in college for at least the last 10-15 years. It's like saying evolution is speculation because we dont have access to the actual data. Also, you don't know what data i have access to, so you are making a rather large assumption.
Neither of us have access to the actual data. We are both speculating. I'm not even saying you are wrong. I am saying there is no way we can know if you are wrong or right.
Except LTO only works on a small portion of the population which is fine if the item is available all the time for the rest of population it doesn't work on.The limited time offerings do play on our basic behavior.
Like a well stocked premium shop, mounts are important to a lot of people. Especially when you come from one of the biggest competitors to ESO, WoW. ESO mounts are lame and boring compared to WoW and many WoW players have mentioned this. While it alone probably is extremely rare to be the reason why someone doesn't play ESO, it doesn't help attract or keep players from other games that have better choices. Mounts are probably the biggest cosmetic disappointment i hear mentioned. Also the fact that they are cosmetic in relation to each other.THose boring mounts have zero competition though. Doesn't matter what another MMO might offer because people playing this game are interested in playing this game.
It's more of an educated guess. You really need to stop assuming things about what i know. You don't know me, at all.Again this is speculation. Without real numbers over a long period of time we don't know.