Congrats, these micro (or nano ;) business success stories are the most inspiring.
Thank HN: My SaaS paid my rent this month
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Re: Thank HN: My SaaS paid my rent this month
#12Have you thought about increasing your prices by a lot? I'm not the target market but $1 per month for the cheapest plan and $5 per month for the most expensive one sounds insanely cheap to me.
Re: Thank HN: My SaaS paid my rent this month
#13Have you thought about increasing your prices by a lot? I'm not the target market but $1 per month for the cheapest plan and $5 per month for the most expensive one sounds insanely cheap to me.
Seconded. Just make sure you increase them for new customers but not existing ones. You can even try A/B testing price levels and the likes!
Re: Thank HN: My SaaS paid my rent this month
#14Have you thought about increasing your prices by a lot? I'm not the target market but $1 per month for the cheapest plan and $5 per month for the most expensive one sounds insanely cheap to me.
I've definitely considered it, and I use some custom plans for users who exceed the limits of the Pro Plus plan, but I think current prices are alright.
Also, keep in mind that these prices apply on yearly plans, and most paid users use monthly pricing, where prices range from $2 to $8.
Re: Thank HN: My SaaS paid my rent this month
#15Have you thought about increasing your prices by a lot? I'm not the target market but $1 per month for the cheapest plan and $5 per month for the most expensive one sounds insanely cheap to me.
Seconded. Just make sure you increase them for new customers but not existing ones. You can even try A/B testing price levels and the likes!
Price elasticity experiments are the lowest hanging fruits for optimizing revenue!
We found doing it per country had a huge impact on rest-of-world LTVs.
Re: Thank HN: My SaaS paid my rent this month
#16Have you thought about increasing your prices by a lot? I'm not the target market but $1 per month for the cheapest plan and $5 per month for the most expensive one sounds insanely cheap to me.
Seconded. Just make sure you increase them for new customers but not existing ones. You can even try A/B testing price levels and the likes!
Interesting, will definitely reconsider. Thanks!
Re: Thank HN: My SaaS paid my rent this month
#17congrats! mind sharing your story?
Sure. Last year June, I built a small online tool for me and my girlfriend to manage our IPTV playlist. I bought a domain name and put it online because our IPTV player needed to access it through a URL. A couple of months later, and 7 users found the tool and were actually using it (keep in mind that that's pretty impressive for a tool as not-user-focused as it was back then). So I then decided to spend more time re…
cool. it gives me a lot of confidence to hear these stories :-) Where did you initially "advertised" (I don't mean paid) ?
Re: Thank HN: My SaaS paid my rent this month
#18Nice! Congrats! Pricing is pretty cheap imo, why don't you try doubling prices? You might double income just like that..
Cheap indeed it is, but I guess that matches the target audience. IPTV is relatively cheap, and the service my tool offers is really a bonus and not a must. More importantly, I don't think I would pay more than I am currently charging my users, so I think it's just fair. Also, I prefer a whole lot of small payments than a couple of big ones, and for now that seems to be going in the right direction.
I would consider not trusting your intuition when it comes to pricing.
Re: Thank HN: My SaaS paid my rent this month
#19congrats! mind sharing your story?
Sure. Last year June, I built a small online tool for me and my girlfriend to manage our IPTV playlist. I bought a domain name and put it online because our IPTV player needed to access it through a URL. A couple of months later, and 7 users found the tool and were actually using it (keep in mind that that's pretty impressive for a tool as not-user-focused as it was back then). So I then decided to spend more time re…
What tech do you use? Really like your website btw, friendly, clean and clear
Re: Thank HN: My SaaS paid my rent this month
#20Earlier quoted context omitted.
Seconded. Just make sure you increase them for new customers but not existing ones. You can even try A/B testing price levels and the likes!
Price elasticity experiments are the lowest hanging fruits for optimizing revenue! We found doing it per country had a huge impact on rest-of-world LTVs.
Please bear in mind that there is a regulation in EU that prices of the same product should not differ based on the country you are coming from (source: https://europa.eu/youreurope/citizens/consumers/unfair-treat..., "Price discrimination is not allowed" section).