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Impact Pricing

Confidently Increase Prices and Double Your Business with SaaS Pricing with Maciej Wilczynski

Jan 15, 2024
In this podcast, pricing expert Maciej Wilczyński discusses the potential positive impact on SaaS pricing when considering the removal of grandfathering for customers. Gain insights into how companies can effectively gauge the value of their offerings and unlock valuable insights about grandfathering customers to potentially double your income. Discover significant insights on expanding your business and boosting your income with SaaS pricing strategies.
33:20

Podcast summary created with Snipd AI

Quick takeaways

  • Value-based pricing has the potential to double a business's current revenue.
  • Removing grandfathering can unlock untapped revenue by raising prices for long-term customers

Deep dives

The Power of Value-Based Pricing

Value-based pricing has the potential to double a business's current revenue. By focusing on removing grandfathering and optimizing pricing strategies, companies can unlock at least 10% of untapped revenue. This involves raising prices for customers who have been paying significantly less than the value they receive. Companies often fear customer complaints and the potential loss of customers, but in reality, most customers will accept price increases and continue using the service. Communicating the reasons behind the price increase, demonstrating the value provided, and quantifying the return on investment can help alleviate customer concerns. Pricing managers should be confident in raising prices and be prepared to face backlash, especially in community-driven businesses. By actively managing pricing and constantly evaluating the value provided, companies can significantly boost their growth and profitability.

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