Setting a High Value Bar and Pricing Strategy

A company set a high value bar by providing easy onboarding and detailed documentation to emphasize the value of their product, instead of focusing on undercutting prices. When determining pricing, it is advised not to overthink and instead focus on finding the right ballpark figure for your product. It is crucial to aim for the right order of magnitude in pricing, meaning that if customers are willing to pay significantly more than the current price, adjustments should be made. Pricing is not set in stone and can be altered based on customer response.