Toni

How do you define the right pricing for your SaaS ?

Pricing is a sensitive topic , how do you price your Product ?

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Liam Oram
Value based pricing unless you have lots of competition, cost plus can then work for getting you started
Toni
@liam_oram Thanks, interesting. We are in a competitive market, but with a unique positioning that address a segment of people not served by the competition. Thanks for sharing
Liam Oram
@toni_pm if you're addressing a separate issue you can definitely look into value pricing, but the value is only defined by what your customers are willing to pay
Marie-Philippe Leblanc
Competitors! Or what the ICP is already paying for the solution
Toni
@mplebl Thanks ! Simple and effective, like it !
CY Zhou
To define the right pricing for your SaaS, start by understanding your target market's willingness to pay and benchmark against competitors. Regularly test and iterate your pricing strategy based on customer feedback and market trends.
Kostya Bolshukhin
— get market average based on competitors to start — go to users with it and figure out right pricing based on feedback and traction
Toni
@kostyabolsh thanks for sharing
Jayesh Gohel
Hello Toni Here is 7 Steps to Defining Right Pricing for Your SaaS Know Your Value: Understand the problem you solve and the value you deliver to customers. Target Market: Identify your ideal customer and their budget constraints. Cost Analysis: Factor in development, maintenance, and customer support costs. Competitor Landscape: Analyze competitor pricing and identify your differentiation. Value-Based Pricing: Aim to price based on the perceived value your solution brings. Pricing Model: Choose a model (flat rate, user-based, usage-based) that aligns with usage patterns. Experiment & Analyze: Start with a pricing strategy, test variations, and adjust based on customer feedback and data.
Toni
@jpgohil93 thanks for sharing
Vaibhav
I think you keep creating. See what works best for users at times.
Gurkaran Singh
Setting the right pricing for a SaaS is like finding the perfect balance between offering a steal deal and keeping the lights on—tricky, but oh so satisfying when you nail it! 😄 How do you strike the perfect pricing chord for your product? 🚀