Product Pricing Change
Effective October 1, 2021 we made a change to the way we set product pricing. This change was necessary as we continue to refine our systems for both efficiency and profitability.
THE BACKSTORY
We have invested heavily in the development of the Muséik platform. Customers who have used it commonly tell us it has great value, but new customers are reluctant to spend even $50 on the platform. Beyond that, we received a great deal of pushback from customers when we tried to get them to take a one year subscription to the platform. We also recognized that our old software pricing system was applied unevenly. It was time to rethink how we pull value from the Muséik software.
THE SOLUTION
Starting in October we republished pricing on all our products. The new pricing includes an embedded fee for use of the Muséik software according to this table:
| PRODUCT SALE PRICE | SOFTWARE FEE |
| <$15 | FREE |
| $15 - $100 | $10 |
| $101-$150 | $25 |
| $151-$250 | $50 |
| $251-$1,000 | $75 |
| $1,001-$2,500 | $100 |
| $2,500+ | $150 |
HOW THIS IMPACTS YOU
When we calculate royalty payments using this new system we first subtract the software fee from the gross revenue. Royalties are now paid using the formula: (REVENUE - SOFTWARE FEE) x ROYALTY RATE. As we made this change we raised the prices on almost all our product to ensure that your payout would be impacted as little as possible.
If you have any questions about this new system please get in touch.
