The pricing conundrum - Deepstash

The pricing conundrum

During the launch of the product, you decide on a simple pricing model for your product. When your product evolves, is your pricing changing equally? Is your pricing competitive and straightforward for the users as it was initially?

Re-work the pricing strategy of your product so that your existing customers do not feel cheated for what they have paid, and new users can see the value.

47

191 reads

CURATED FROM

IDEAS CURATED BY

damien_i

"Imagination is more important than knowledge." - Albert Einstein

The idea is part of this collection:

7 Days of Inspiration

Learn more about entrepreneurship with this collection

How to find inspiration in everyday life

How to stay motivated

How to cultivate a positive mindset

Related collections

Similar ideas to The pricing conundrum

6 common pricing strategies for small businesses (part 1)

  • Cost-plus pricing: You make the product, add a fixed percentage on top of the costs, and sell it for the total.
  • Competitive pricing: It refers to using competitors’ pricing data as a benchmark and consciously pricing your products below theirs.

When to use usage based pricing

If your costs scale with usage then usage based pricing aligns your costs with your customers' spend. This prevents very large customers from being your worst customers, by generating lots of revenue, but costing you money because the account is gross-margin negative.

If yo...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates