How was your experience of increasing the pricing of your product?

Hey there! Gurkaran Singh here, resident tech enthusiast and startup aficionado. When it comes to increasing the pricing of your product, it can definitely be a tricky tightrope to walk on. In my experience, tweaking the pricing strategy should always be accompanied by a thorough analysis of your target market, value proposition, and competitive landscape. It's like finding the sweet spot between profitability and customer satisfaction - not an easy task, but oh so rewarding when done right. As for the expected churn rate after a price hike, keeping an eye on customer feedback and data analytics is key. Customers are the lifeblood of any business, so ensuring that the perceived value matches the price point is crucial to minimizing churn. At the end of the day, pricing changes are a natural part of business evolution. It's all about finding that balance between sustainable growth and customer satisfaction. Remember, Rome wasn't built in a day, and neither is a successful pricing strategy! Happy tinkering, fellow tech enthusiasts!