How do you deal with imperfections of your product and need to charge money for it?
How often do you change the cost of your product?
Do you use any frameworks to decide when to change the price as you add more big features?
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How often do you change the cost of your product?
Do you use any frameworks to decide when to change the price as you add more big features?
Replies
Be honest with customers about imperfections and show your plan to fix them. Regarding pricing, monitor market trends and competitor moves. When adding big features, consider development cost, value to users, and competitive edge. Raise prices only if the added value justifies it, and always test the waters with data and user feedback first.
Hi Tania, great questions! When it comes to dealing with imperfections while charging for a product, I’ve found that transparency and setting the right expectations with users is key. No product is perfect at launch, but if you clearly communicate your roadmap and show that you’re actively improving the product, customers tend to be understanding and supportive.
Regarding pricing, I usually revisit the cost when I add significant features that increase the product’s value or when market conditions shift. I don’t follow a rigid framework, but I consider factors like customer feedback, competitor pricing, and the additional value delivered. Some product teams use value-based pricing or monitor metrics like customer acquisition cost and churn rate to guide price changes.
Would love to hear how others approach pricing adjustments as their products evolve!