Pricing and packaging research
A key consideration in B2B go-to-market strategies is determining the optimal price point for our products. This article offers a broad overview of common pricing research methods that can reveal the market's willingness to pay for your solution. For many vendors, pricing strategy relies on internal and secondary data, including cost models and competitor pricing. Sometimes, this information is enough to make pricing decisions. However, product marketers often seek marketplace feedback to prevent typical pricing errors, such as leaving potential revenue uncollected, overpricing for critical buyer segments, or creating a significant competitive disadvantage. Conducting pricing research can provide valuable insights for refining pricing strategies. Isurus suggests analyzing pricing from three perspectives: current market prices, an exercise known as the Gabor Granger method to assess willingness to pay, and the Van Westendorp pricing sensitivity meter to determine the optimal price point. To learn more, visit https://isurusmrc.com/configure-offerings/how-to-identify-the-right-pric...