How do you determine your product pricing?
Hey Everyone 👋 - I'm doing a bit of research for a blog post... I'm curious to know how y'all determine pricing for your products (both $ amounts and which features go in each plan)...
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Pricing is more art than science, it really depends on your customers’ behaviour and your product.
What I would do is make an educated first guess based on the value that my product brings to the users.
If you really don’t have a clue, I would suggest you to start with a single plan: this way you’ll keep things simple and you can gather data to take more informed decisions down the road.
As with anything if you have an habit to continuously interview your users, you’ll understand what features bring more value: then you can split the plans and push your pricing strategy