Product pricing impacts the success of a product and yet most people go ahead with $10, $20 pricing because competitors are doing it.
Product pricing is no joke, I admit it guys. It's kept me scratching my head for a really long time now.
It's sounds easy to put a random value on your product but it's far from the actual truth. ❌
The way you price and create your pricing model is a crazy thin line to walk on. What you choose might either drive the customers away instantly or bring them in a highly profitable (or even unprofitable) manner.
For the past month, my product has been in the pricing cycle. I have been learning as much as I can so that the launch is successful executed.
If you're curious about how I went through learning about pricing myself, I've -
Although I haven't launched my product yet, I felt like sharing all the knowledge that I've learnt about SaaS pricing. 📚
If you wanna go into details of trying different pricing models, do check out this interesting blog that helped me out a lot -> SaaS Pricing Models
But that's it for today guys! I hope you find the post useful! 🙌
Have you worked on SaaS pricing before? Or got new tip to add to this list?
I would love to hear your experiences, thoughts or suggestions on the same!
Please do share your it in the comments! ⬇️
Have a great day ahead!
Harsh 💯
So true.
I was pricing my templates pretty low and after updating the prices, sales are better.
What I did on a month, I made in a week.
great article, and the blog you linked to.
I also searched "startup pricing" last week on Medium and am half way through 97 articles! ;-) All pretty much say the same thing though - pricing is tough!
At the end of the day it feels to me like we've just got to take a deep breath and jump in the deep end. Whatever model we choose will appeal to some and not others.
Thanks! Good to know for launch. We're still working on our price strategy for paperless.io