3 ms·
Startups often underprice their products/services. They discover pricing improvements through experiments, experience and willingness-to-pay surveys. Some try a
by isubkhankulov 4y ago
Startups often underprice their products/services. They discover pricing improvements through experiments, experience and willingness-to-pay surveys. Some try advanced techniques like bundling products.
All of the above benefits from flexibility.
One could argue the opposite of your assertion: startups may fail because they dont change their pricing and packages.
Here’s a citation on underpricing: https://www.ycombinator.com/library/7M-most-startups-are-undercharging https://www.ycombinator.com/library/7M-most-startups-are-und...
- imtringued 4y agoYes, I know a startup where the difference between failure and becoming a multimillion dollar company was just in the pricing model alone. Their initial pricing put off most customers, then they changed it and kept the product the same and they got the usual hockey stick growth.