How do you decide the pricing of your products?

Yes, the cost is the most important thing people overlook. Everything that costs you should be counted.

Normally I look at competitors and make my products a little bit cheaper.

Hi Ishan, check out Hyperline, they launched on Product Hunt a few months bac and offer a SaaS pricing comparator. explorer.hyperline.co

It depends on what market you will be launching into. If you go to America, then they have their own price, and other countries also have their own price.

We are now in the middle of the process. The most helpful thing for us so far has been to ask our beta users what price they would be willing to pay to use the feature.

pricing is an art and a science. let's break it down. cost-based pricing is straightforward. calculate all costs - server, storage, labor, etc. then add a margin. value-based pricing is trickier. what's the value you're delivering? can you quantify it? maybe you're saving your customer 10 hours a month. what's that worth? competition-based pricing is also an option. look at what others are charging for similar services. position yourself accordingly. don't forget elasticity. are your customers price-sensitive? if you lower the price by 10%, do you get 20% more customers? test it. freemium models are popular in SaaS. give away basic features, charge for premium. be cautious. you need a large user base for this to work. dynamic pricing can also work. think uber. prices go up when demand is high. it's complicated but can be lucrative. finally, iteration. you're not gonna get it perfect out of the gate. so keep tweaking. collect data, analyze, adjust. links won't do the work for you. you've got to dig into your own specifics. but start with articles from 'price intelligently', they know their stuff.

market research mate!