Recently I’ve been noticing a lot of authors dropping their prices to $9 or even $5 for music tracks. I am wondering why it’s becoming a trend now because if I recall 3 months or 6 months earlier, most prices of tracks are at $15 to $29. Any thoughts?
It’s nothing new. Since the introduction of Author Driven Pricing, many have come down to the lowest price possible, naively hoping to gain an advantage over the competition that way. I haven’t noticed an acceleration of this trend, but I may have missed it.
Because making a sale is more important than making a living.
Competition with the Elements, and the consequences of the Coronavirus.
But really: price reduction delusions and prejudices of both the authors and Envato. But the new reality is still in force (it works). New trend that forces you to play by the new market rules. We cannot change what we have now.
We have the right to devalue our works. Sometimes a music track is cheaper than a 3-5 second sound FX. I’d say It’s not only price dropping but also jaw dropping trend
“Making a living” means different things in different countries. In a large country like the U.S. or Britain, a dollar or pound isn’t much, but the currency conversion in many Asian, Middle Eastern and South American countries makes it worth a bit more. Many more authors are from varying countries nowadays, so it’s also a consequence of globalization.
Yup I have to agree on this one and not only in Audiojungle but also freelance sites like Fiverr and Upwork, where there is alot of competition from people coming from developing countries.