When choosing your ideal price, it is very important to do some prior work to understand the characteristics of your product, market and customers. All the information you obtain will be important when setting the price of your product.
Where are you positioned in the market?
What clients do you want to have or do you have?
How many clients can you serve?
Do you want to have different levels of service?
Is your product intended for long-term or short-term users?
Does it serve businesses, customers, or both?
Knowing all these aspects will allow you to have a more global bahrain phone number library of your business. You must also be aware that you must put yourself in the consumer's perspective to understand your product.
SaaS pricing models for your product
There are three divisions of methods to select the price of your SaaS product, depending on the approach you want to take. We talk about pricing models, pricing strategies and psychological resources. We will focus on the first one, SaaS pricing models.
There are endless pricing models for your SaaS product. To do this, you need to take into account prior information about your product's awareness. You should not over- or under-price your product or it will get you into trouble.
If you overprice your product, you will generate rejection in people, since they will not be satisfied with the price they are paying. On the other hand, if you underprice your product, you will have a happy audience because of the quality-price ratio, but your income will be minimal and you will surely not be able to cope with the day-to-day running of your company. This situation will prevent you from having a good maintenance of the tool.
Both are dangerous situations so we must try to get as close as possible to our perfect price.
Here are some examples of SaaS pricing models that many SaaS companies follow to help you choose the best one for you.
Flat rate
It is the simplest way to sell your SaaS products . It is designed for companies that only offer one product with its unique features and at a single unit price.
It is not one of the most widely used methods. Nowadays, different approaches are often used for products and this method is reserved for very special products.
As an advantage, we know that it is an easy way to sell and communicate, since the user is not left in doubt about which plan to choose. When it comes to communicating, it is also quite easy, without complications in explaining many features.
On the other hand, it has clear disadvantages, such as the impossibility of providing added value to each client. In addition, it happens that you only have one chance to attract clients, that is, if a potential client does not find your offer interesting, it is so unmanageable that it will be impossible to convince him.
