Web3 pricing and business models | Maggie Hsu and Jason Rosenthal | Summary and Q&A

TL;DR

This presentation provides insights on pricing strategies and business models, covering topics such as different pricing approaches, tiered pricing, marketplace models, SaaS businesses, and value-based pricing.

Key Insights

• ❓ There are various pricing approaches and models, and it is important to explore different options to find the most suitable pricing strategy for your product and market.
• 👻 Tiered pricing allows for flexibility and caters to different customer segments, providing options based on usage, features, and customer needs.
• 👶 Value-based pricing can be a powerful approach, especially for new products in new markets, where the offering provides high value and cost savings for customers.
• 👨‍💼 Pricing strategies for marketplaces, SaaS businesses, and businesses offering downside protection require careful consideration of the stakeholders involved and the value delivered to each party.
• 👨‍💼 Pricing should be a continuous process, and it is important to evaluate and adjust pricing over time as market conditions, customer needs, and business goals evolve.
• 😥 Gathering customer feedback and conducting pricing experiments can provide valuable insights to refine pricing strategies and find the optimal price point for your product.
• 🗯️ Pricing discussions should be introduced at the right stage of the sales cycle, when customers are genuinely interested and invested in exploring your product's value proposition.

Transcript

thank you it's awesome to be with you guys here on this Wednesday afternoon to talk pricing and business model who's fired up my personal approach to preparation was I just ate an entire plate of the chocolate covered matzah so I'm running on Rainbow sprinkle power for now so as Jeff said we're going to talk about pricing in business models I'm Jas... Read More

Questions & Answers

Q: How should I determine the right price for my product?

It is recommended to conduct an A/B test with different pricing tiers and gather feedback from potential customers. This can help determine the optimal price point and understand customers' willingness to pay.

Q: How can I differentiate my pricing within my product offering?

Segmenting your product offering and creating different tiers with varying features and prices can cater to different customer segments. This allows you to capture a wider range of customers and provide options that align with their needs and budgets.

Q: When should I introduce pricing during a sales cycle?

Pricing discussions should be introduced when there is genuine interest from the customer and they are interested in learning more about your product. It is important to gauge the customer's level of interest and ensure they see value before discussing pricing.

Q: How do I approach pricing in a competitive market?

Understanding the alternatives and competitive offerings is crucial. It is important to gather information about competitors' pricing and value propositions to ensure your pricing is competitive and provides unique value to customers.

Summary & Key Takeaways

• The presentation focuses on six key questions for founders and CEOs to consider when it comes to their business model and pricing.

• Different pricing approaches are discussed, such as user-based pricing, usage-based pricing, feature-based pricing, value-based pricing, transaction-based pricing, revenue sharing, service-based pricing, and dynamic pricing.

• The presentation also covers pricing strategies for marketplace models, SaaS businesses, and businesses offering downside protection.