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I agree that it's a low price, but disagree one should just raise it because they can. Keeping prices low helps prevent competitors from undercutting, or even
by axaxs 6y ago
I agree that it's a low price, but disagree one should just raise it because they can. Keeping prices low helps prevent competitors from undercutting, or even competing in the first place, in my opinion. If this service were charging say, 500 per month, they'd likely have a lot of knockoffs enter the space.
- opportune 6y agoIf I'm a huge business getting a lot of value out of a $500/mo SaaS product that does everything I need and is reliable, it would be a pretty bad decision to take a chance on a new $200/mo service offering the same thing.
- axaxs 6y agoThat's true for a while, but companies churn a lot as new things come about. I can't even tell you how many travel/HR, ticketing, chat, and video conferencing systems my rather boring company has gone through in my tenure. More importantly, new customer acquisition. At 500 a pop, someone like me could be inclined to give it a go, and I'm just one not-so-motivated guy. That's great passive income with a handful of customers. For 50? Not worth the effort since now I'd need a handful x 10. At 500 a pop, companies with way more resources will outpace and outspend you for that. Less likely for 50. Just my opinion. * To be clear, the above is a hypothetical. I have zero interest in copying anyone's work, or really any side project at the moment.
- amirathi 6y agoRight but a new prospect is going to want to evaluate $200/mo offering and see if that meets their needs. So you are loosing out on new business.