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  • How do you come up with pricing for your product?

    Natalia Toth
    9 replies
    Hey everyone, Curious about how you decide what to and how to charge for using your product! There are three most common pricing models: cost-plus pricing, competitive pricing, and value-based pricing. I've heard marketing experts say that value-based is the optimal one, but you need to factor in how much your competition is charging and how big your costs are as well.

    Replies

    Amit Arora
    The Action Tracker - Life Planner
    understand how your customer perceives your product and then also keep it simple. But avoid keep it cheap. Build quality and charge good but give excellent service.
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    Vaibhav
    Usually, most go with the default value based pricing but today I've seen people experimenting a lot. Consider in Selftalk.ing, my recent product. It is one time payment based!
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    Gurkaran Singh
    Setting pricing for our product is like finding the perfect balance between impressing your accountant and not scaring off your customers - a delicate art indeed! Balancing costs, competition, and value keeps us on our toes!
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    Nsikan Dickson
    I guess where can I factor it out?
    Kehui Guo
    I always start with competitive pricing, especially when the business is new and trying to break into the market.
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