Your Pricing is wrong and can be multiple reasons why:
Solution: Charge by value provided. Get customer feedback and iterate on Pricing.
Problem: Most pricing tiers are random and mainly copy competitive products
Solution: Target specific customer personas and their price sensitivity and match the tiers with those personas. As their company grows, you should be able to capitalize on their upgrade.
Problem: Do you have a fundamental reason to charge based on usage? Per seat? Monthly subscription? Or commission? Most products just copy their competitors.
Solution: Testing and analyze customer data is the only reliable way to know which is right for you. Model a few different pricing strategies and don’t be afraid to be flexible.
🙏🏽Wow, still here! Thank you for that🙏🏽
If interested in pricing, I’d love to share some more. I can roast your pricing too!
I post one tip per day on Twitter. (Following back🤞🏾)