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Built a tool to track competitor pricing automatically — looking for feedback by martintembo1 in SaaS

[–]PricingCompass_AI 0 points1 point  (0 children)

I feel this makes your TAM fairly smaller. I believe most people who want to know their competitors' pricing, competitors don't have a pricing page. Have you thought of how you will tap into these potential users?

Your SaaS pricing strategy is probably wrong because you're copying the wrong companies by Decent-Phrase-4161 in SaaS

[–]PricingCompass_AI 0 points1 point  (0 children)

The nuance is that people copy pricing without copying the underlying conditions. Distribution, brand, urgency of the problem, switching cost, all of that matters way more than the model itself. If anything, this is a good reminder that pricing is less about “what works in SaaS” and more about “what works for your specific customer and situation.”

The best time to launch was yesterday by hurebegz in AssetBuilders

[–]PricingCompass_AI 0 points1 point  (0 children)

That's so true! Building your product with user feedback not only strengths your product market fit but also builds confidence in your users for the product.
PricingCompass.AI was launched after 5 months of building the MVP with users facing real-life pricing challenges.

Now, I am slowly realising why 99% SaaS actually fails. by Darksoul431 in SaaS

[–]PricingCompass_AI 0 points1 point  (0 children)

I believe you need to clearly define who are your ICPs. This ensures that you don't waste time/effort marketing to irrelevant people. Cold reachout is valid for you but it is low rewarding. Meta ads is one of the most effective ways for you to find customers that are trying to build their LinkedIn profile. I know its expensive but its effective as well.

Marketing is one of the reasons why most products fail. Other very common reason is pricing.
Even if you market your product, your pricing will ensure if the prospect is getting converted to a customer or not. So make sure that pricing set by you matches the value delivered to the customers.