If idea validation is about taking your business idea for a test-drive, then pricing your product is where the rubber really hits the road.
This is it. You’re done piloting. You’re done validating. You’re really done living on Ramen in an apartment you share with five roommates. You’re ready to come out and tell the world: “I have a product or service that provides value – and this is how much my product is worth.”
Needless to say, product pricing strategy is an essential piece of the startup puzzle – and it’s a notoriously tricky piece to get right. There are about a dozen moving pieces you have to take into account. Getting them all aligned just right is like unlocking the most complicated combination lock ever.
The crew at Startups.co wrote a great piece on figuring out Product Pricing Strategies, worth a read, and a bookmark and share.