Should I Price It

Question

Hi guys. New here. New founder too. I need some help figuring out how to price my product.. I'm not sure about the rules so I'll not post any of my product links or whatever.So I currently have a product that consists of a Chrome extension and a web platform. It allows my users to highlight any text on the internet, add notes and open LLM chats directly on-page linked to their highlights.My current features are:- highlight text (underline / background as a highlight style)- add notes to highlights- open LLM chats directly on-page- auto-scroll to highlights (works on LLM apps like Claude, ChatGPT, etc.)- auto-sync to their account so they can cross-browser itSo... what should I price it? What should the model even look like?? Some form of freemium, of course.. but what? Nr of highlights, notes & chats per day and then something like $7.99?Are the current features too few to price it? I guess to figure out if anyone wants to pay for this core functionality the features are just enough?Anyway, any input appreciated.

Proziam · Accepted Answer

For a single user I would start pricing at $5/m on an annual subscription or $9 for monthly. Getting customers in the door and retaining them through the early product evolution cycles is the major hurdle in the early stages.
Beyond that, I would create an offering with 1-2 features tuned towards business customers. This kind of tool is a great knowledge management addition, and knowledge sharing is hugely valuable for business customers.
I'd price it the same per seat at the start ($5/m annual vs 9$/m monthly) and sell multiple seats at a time this way. If this works well, you will have found an existence proof of a highly lucrative customer group.

beardyw · Answer

My law. Whatever number you come up with, double it.

captaincrunch · Answer

Keep it in the single digits, most people when looking over their Credit cards (when looking to cut things) look for big numbers.