TOPLINE HOTLINE: How do you address the pricing gap between early adopters vs new customers?
Apr 18, 2024
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Salesloft representative David Obrand joins Topline hosts to discuss bridging pricing gap between early customers and new ones for SaaS companies. Topics include psychological aspect, setting upfront expectations, and emphasizing value to early customers.
Addressing the pricing gap involves finding a middle ground and proactively communicating price adjustments to balance fairness.
Recognize early adopters' support by emphasizing delivered value, aligning price increases with benefits, and ensuring timing suits customer satisfaction.
Deep dives
Managing Price Discrepancies between Early and New Customers
An important aspect discussed in the podcast episode is how to address the gap in pricing between early customers who have received significant discounts and new customers willing to pay market rates. The challenge arises from early adopters being anchored to lower prices while maintaining fairness with newer customers. Strategies like finding a middle ground, proactively communicating price adjustments, and emphasizing gratitude towards early supporters were proposed to navigate this delicate balance.
Building Customer Relationships and Timing Price Adjustments
The podcast also delves into the significance of customer relationships and timing when adjusting prices. Early adopters who took a leap of faith should be acknowledged for their support and flexibility. By highlighting the value delivered and aligning price increases with perceived benefits, companies can manage price adjustments effectively. Timing plays a crucial role in ensuring customers feel satisfied with the value proposition before implementing any changes, ultimately fostering transparency and loyalty.
In this week’s mini-episode, our Topline hosts and David Obrand of Salesloft discuss addressing the gap in pricing between early customers and new customers for SaaS companies. The hosts discuss the challenges and strategies for handling this issue, including the psychological aspect, setting expectations upfront, and emphasizing the value provided to early customers.
Want more Topline? Read episode recaps or join our Slack channel to engage with other listeners here.
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