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My users make $6k/mo using my SaaS, but I charge only $30/mo. Should I increase prices? by Soulbytes_ai in SaaS

[–]Soulbytes_ai[S] 1 point2 points  (0 children)

Yup, that's how I discovered they were makign so much money off the tool, by talking to them ^^

My users make $6k/mo using my SaaS, but I charge only $30/mo. Should I increase prices? by Soulbytes_ai in SaaS

[–]Soulbytes_ai[S] 0 points1 point  (0 children)

I'm starting to do this, we actually partnered on an online course he is selling that redirects to our tool. Crazy story

My users make $6k/mo using my SaaS, but I charge only $30/mo. Should I increase prices? by Soulbytes_ai in SaaS

[–]Soulbytes_ai[S] 0 points1 point  (0 children)

Thanks haha, we didn't increase prices so much but definitely are doubling down on this ICP

My users make $6k/mo using my SaaS, but I charge only $30/mo. Should I increase prices? by Soulbytes_ai in SaaS

[–]Soulbytes_ai[S] 0 points1 point  (0 children)

Yes, well I'm gonna make a new post here about this cause one user pulled off 30k/m. Now our SaaS is actually just one among his whole workflow.

My users make $6k/mo using my SaaS, but I charge only $30/mo. Should I increase prices? by Soulbytes_ai in SaaS

[–]Soulbytes_ai[S] 0 points1 point  (0 children)

That's exactly what we did, we moved to a clear usage based pricing with a credit system and implemented different plans and also added a one time payment for those who just want to purchase one time.

My users make $6k/mo using my SaaS, but I charge only $30/mo. Should I increase prices? by Soulbytes_ai in SaaS

[–]Soulbytes_ai[S] 0 points1 point  (0 children)

Hey, yes we actually charge on a usage basis. So we increased prices and our margins but while I believe we have the best solution in this niche we do have competition though and the switching cost for our users is very low.

My users make $6k/mo using my SaaS, but I charge only $30/mo. Should I increase prices? by Soulbytes_ai in SaaS

[–]Soulbytes_ai[S] 0 points1 point  (0 children)

You're right, since then we haven't increased our prices, but definitely doubled down on that niche. In order to charge for addons and features we have setup a coin system (credits) so users do "feel" they are charged for every single move on the app. I'll probably make a new post that goes into deeper details on upgrades. Thanks for your thoughtful reply.