The market sets your price, not you. To avoid being a commodity, use scarcity (limited supply, status symbol) or social proof (peer influence, FOMO) to create perceived value beyond what the product actually does. Value and profit aren't the same thing.
Chapters
When you introduce a product or service, it's the market that decides how much it's worth. If you don't want to be treated like a commodity, there are two paths: scarcity and social proof. Scarcity means we're prepared to pay extra for something because it's the only one of its kind, because we're thirsty and there's nowhere else to stop, because we think it's going to go up in value, because it's our best option from a limited choice, because it makes us look cool in front of our peers. Social proof, on the other hand, means we don't want to be left out, we don't want to be left behind. It seems like everyone we know has one, and we want to be part of the same club. It's worth more because it connects us. Value is not profit. Sure, widespread and cheap innovations are valuable. However, profit often has a different calculus: the creation of things that some people think are worth paying for.