Lifetime Deals and SaaS Businesses

If there is one polarizing topic in the bootstrapped SaaS space, it's running lifetime deals for a subscription business. Founders either love the idea of offering a one-time-payment for "forever access," or they hate it. It's right up there with the question, "should you take venture capital funding?" β€” an equally divisive topic. Michael Aubry … Continue reading Lifetime Deals and SaaS Businesses

Seller Beware: Pricing Models That Can Break Your Business

There are a lot of great ideas when it comes to optimizing your pricing to attract more customers or keep them retained. Two pricing models can be hazardous if not implemented carefully: freemium accounts and lifetime accounts. The Risks of Freemium Accounts A freemium pricing model can be great to get people to use your product, integrating … Continue reading Seller Beware: Pricing Models That Can Break Your Business

Not All Subscriptions Are Equal: Offer Yearly Plans from the Start

Most bootstrapped businesses offer monthly subscription plans. The revenue that is generated from your customers that way is incredibly reliable. If you know how many customers you have, you know exactly how much money will come in this month, next month, and the future, provided you keep your customers or replace the ones that quit … Continue reading Not All Subscriptions Are Equal: Offer Yearly Plans from the Start

Not All Subscribers Are Equal: How to Deal with Plans That No Longer Work

You may have started with subscription plans that turn out to be problematic. At FeedbackPanda, we had started with a $5/month plan. After a few months of offering that, we sunset that plan because we noticed that it attracted a kind of customer we did not want to serve: bargain shoppers. The customers on that … Continue reading Not All Subscribers Are Equal: How to Deal with Plans That No Longer Work

Price Is Not Set In Stone: Strategies For Increasing Your Revenue

It’s important to understand that you can always change your prices.  You own your business, and you can change everything about it. Most payment providers allow you to have an infinite number of plans, and you can add (and remove) as many as you like at any given time.  There is no reason to stick … Continue reading Price Is Not Set In Stone: Strategies For Increasing Your Revenue

Your Initial Pricing Will Never Be Right, But Try Anyway

When you're just starting, finding the right pricing model for your young business seems very hard and almost entirely arbitrary. That's because, at such an early stage of your business, it is impossible to find the "correct" price for several reasons. At the beginning of your business, revenue serves one purpose before any other: validation. … Continue reading Your Initial Pricing Will Never Be Right, But Try Anyway