I don't think it was much the raising prices part, but the re-branding your product to resonate with the market. This is something a lot of people out there don't get. That is why you don't purchase used BMWs anymore, but certified pre-owned BMWs. The branding is very important.
The awesome thing is that you went and took a structured approach to it, and then used the data to re-focus your brand to the market that will buy your focus. The money will continue to pile on if you keep using such approach. I would suggest looking into offline marketing tools to broaden your horizons.
I don't think it was much the raising prices part, but the re-branding your product to resonate with the market. This is something a lot of people out there don't get. That is why you don't purchase used BMWs anymore, but certified pre-owned BMWs. The branding is very important. The awesome thing is that you went and took a structured approach to it, and then used the data to re-focus your brand to the market that will buy your focus. The money will continue to pile on if you keep using such approach. I would suggest looking into offline marketing tools to broaden your horizons.
Good luck.