How do you decide pricing on your product?

Found a Reforge artifact on pricing: https://artifacts.reforge.com/ar...

It's super hard but I think the main thing is to a) talk about pricing early with your customers or leads and b) keep talking about it over time and iterate if necessary. There's a great book called "Monetizing Innovation" that I can't recommend enough. I basically explains how to have conversations about the "willingness to pay" effectively. We took huge inspiration from this book when building the best practices of our user interview AI on AskMore.ai.

Look at competitor, if you are product similar then charge similar price. if you are product is better then more. If you have new proudct then compare it their alternative solution. I mean they must have using something else before your product, right? At the end, it is all about testing. You can't figure out right price in one shot

Market research.

Pricing decisions for me involve a mix of strategic considerations. Target Audience Psychological Pricing Experimentation Long-Term Vision

Pricing's a mix of understanding the market, competitor analysis, and knowing the value to the customer.

Our team researched the market and looked for the best price for users.

Good question - think you've gotta just start somewhere and then be willing to adapt to user and customer feedback!

I usually look at my competitors.

Experimentation