Everything related to Upodi and the Subscription Economy
Most businesses have experience of the frustration of chasing late and unpaid invoices. Missed payments cost you precious time and resources in chasing up, and the disruption to your cash flow can also affect your business in other ways.
If you plan to secure investment to help you grow your SaaS business, the discount rate is a crucial metric of which you will need to have a grasp.
One of the most challenging aspects of marketing and selling a product is deciding its price.
Pricing can represent a puzzle and is one that every SaaS business will face.
However, pricing your SaaS platform doesn’t have to be a stab in the dark.
Getting your pricing right is essential in any business. In a SaaS context, where a change in price can trigger cancellations of subscriptions or push potential customers in the arms of your competition, it can make or break your business.
Dynamic pricing is a strategy most used in the retail industry. However, it may be a strategy that is worth exploring for your SaaS business. Dynamic pricing can be great from a business perspective.
Deciding on a pricing strategy for your SaaS platform can be tricky. It’s easy to look at other SaaS providers in your niche and simply undercut their pricing or offer a similar model. What works for one SaaS provider in terms of pricing won’t necessarily work for you.
Pricing your products and services is something you must get right.
Doing so isn’t always easy, particularly in the SaaS space where you need customers to become long-term subscribers or buy a license for use to succeed.
When you’re running any business with a subscription model, making it easy for customers to make repeat payments is crucial to your success. This is particularly true when it comes to running your SaaS business, where customers want to be assured of continuous and uninterrupted service.
