An eight-step framework for SaaS founders to figure out what customers will actually pay. Start with your product, probe their perceived value, compare against alternatives, test packaging schemas, and find their maximum price point.
Chapters
A customer's willingness to pay is central to your business model. That's why we made this 8-step process to help founders uncover willingness to pay. Step 1: Introduction and product presentation. Ensure the interviewee understands your product. Step 2: Value proposition. Understand their perception of your value prop. Step 3: Relative value. Compare how they value your product against others. Step 4: Price metric. Identify the unit or criteria they associate with your product's pricing. Step 5: Packaging schema. Gauge their reaction to different pricing and packaging structures. Step 6: Maximum willingness to pay. Determine their maximum monthly or annually willingness to pay. Step 7: Factors influencing pricing decisions. Identify factors affecting their willingness to pay. And last, step 8: Feedback and suggestions. Thank them for their time and gather feedback for improving the interview. The full step-by-step process includes templates and lists of questions for you to ask. We'll pin that to the comments or description below for you to check out.