How to price when starting out
https://superframeworks.com/blog/loss-leader-pricing
How loss leader pricing works, how I’ve applied to my business, and how you can apply it in yours
How loss leader pricing works, how I’ve applied to my business, and how you can apply it in yours
I priced to beat all my competitors, and then slowly built to have a product better than my competitors. Then slowly increased my price. Then again, my prices were so low that even with the price increase, I was still one of the lowest priced products out there.
It pays to have low overheads.
Love this.. congratulations...
Question - is it unwise to do free to learn from users quickly (like beta testing) and get high quality feedback and then charge afterward?
If you're starting from absolute 0 then you can try that. But the problem is that it's hard to trust if the feedback is really high quality if its coming from free users.
love this post! thank you!
Cheers, thanks..
Super interesting, thanks for sharing ! :)
I believe you should start high, even overpriced and then lower it if needed:
But how would you convince people to pay that price for a product that's just starting out, especially if there are well-established players with better prices? I'm guessing a strong selling point through high-demand features that set you apart from competitors?