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Pricing Low-Touch SaaS

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Re: Pricing Low-Touch SaaS

#61

Post by capkutay »

mbesto wrote: post #10
siftrics wrote: post #2

>Reduce decision fatigue for customers. I am a huge evangelist of this piece of advice. I'm the founder of a startup that offers ONE price --- and free trial credits, of course --- for each product. I think it has helped us tremendously. The amount of startups I see that use the 3-column pricing plans (or worse!) is mind-boggling. Perhaps there is empirical evidence supporting complicated pricing. But I've never seen…

3 column is used for anchoring you to get to the desired pricing (the middle one). https://www.nickkolenda.com/conversion-optimization-psycholo...

3 columns. Left-most = maximizing TAM. Center = optimizing revenue. Right = maximizing revenue on strong fits.

Re: Pricing Low-Touch SaaS

#62

Post by jfk13 »

siftrics wrote: post #2

>Reduce decision fatigue for customers. I am a huge evangelist of this piece of advice. I'm the founder of a startup that offers ONE price --- and free trial credits, of course --- for each product. I think it has helped us tremendously. The amount of startups I see that use the 3-column pricing plans (or worse!) is mind-boggling. Perhaps there is empirical evidence supporting complicated pricing. But I've never seen…

A minor nit, perhaps, but you have a jarring typo on the home page: "software devleoper".

Re: Pricing Low-Touch SaaS

#63

Post by pkaye »

siftrics wrote: post #2

>Reduce decision fatigue for customers. I am a huge evangelist of this piece of advice. I'm the founder of a startup that offers ONE price --- and free trial credits, of course --- for each product. I think it has helped us tremendously. The amount of startups I see that use the 3-column pricing plans (or worse!) is mind-boggling. Perhaps there is empirical evidence supporting complicated pricing. But I've never seen…

What would be the difference between Siftrics vs standalone OCR software? Does it handle complex documents better or something?

Re: Pricing Low-Touch SaaS

#64

Post by The_rationalist »

siftrics wrote: post #2

>Reduce decision fatigue for customers. I am a huge evangelist of this piece of advice. I'm the founder of a startup that offers ONE price --- and free trial credits, of course --- for each product. I think it has helped us tremendously. The amount of startups I see that use the 3-column pricing plans (or worse!) is mind-boggling. Perhaps there is empirical evidence supporting complicated pricing. But I've never seen…

Is siftrics using or considering to use the current state of the art?https://paperswithcode.com/sota/optical-character-recognitio...

https://paperswithcode.com/task/scene-text-detection

Re: Pricing Low-Touch SaaS

#65

Post by siftrics »

pkaye wrote: post #63
siftrics wrote: post #2

>Reduce decision fatigue for customers. I am a huge evangelist of this piece of advice. I'm the founder of a startup that offers ONE price --- and free trial credits, of course --- for each product. I think it has helped us tremendously. The amount of startups I see that use the 3-column pricing plans (or worse!) is mind-boggling. Perhaps there is empirical evidence supporting complicated pricing. But I've never seen…

What would be the difference between Siftrics vs standalone OCR software? Does it handle complex documents better or something?

>Does it handle complex documents better or something?

Exactly. It can handle tables of information with a variable number of rows from document to document. It can also handle arbitrary rotation, skew, offset and cropping. To see an example of some extreme cases: https://siftrics.com/hydra.html

>What would be the difference between Siftrics vs standalone OCR software?

The reason I started Siftrics is this:

Lots and lots of businesses need to put data from their documents into a database. Standalone text recognition gets you 75% there.

I thought, at the end of the day, companies still have to hire engineers to write programs --- which _do_ leverage standalone OCR/text recognition --- that are specially tailored to their documents.

I want to eliminate those specially-tailored programs. Now Hydra isn't perfect, but in many cases (people are willing to pay for it), Hydra reduces those specially-tailored programs to a single function call...

  client.recognize('avionics-invoice', ['invoice_1.pdf', 'invoice_2.pdf'])
...followed by your database insert. :)

Re: Pricing Low-Touch SaaS

#66

Post by siftrics »

The_rationalist wrote: post #64
siftrics wrote: post #2

>Reduce decision fatigue for customers. I am a huge evangelist of this piece of advice. I'm the founder of a startup that offers ONE price --- and free trial credits, of course --- for each product. I think it has helped us tremendously. The amount of startups I see that use the 3-column pricing plans (or worse!) is mind-boggling. Perhaps there is empirical evidence supporting complicated pricing. But I've never seen…

Is siftrics using or considering to use the current state of the art? https://paperswithcode.com/sota/optical-character-recognitio... https://paperswithcode.com/task/scene-text-detection

Yes! We handle human handwriting and more than 100 languages.

I encourage you try it yourself. After all, you get 1,000 pages for free :)

Re: Pricing Low-Touch SaaS

#67

Post by slim »

senko wrote: post #46

> Monthly: $49 / $99 / $249 So on the topic of ${X}0 vs ${X - 1}9 (ie. "50 vs 49", "100 vs 99", "250 vs 249"), what's the current "best practice"? I feel like we might be like those 5 monkeys with a banana: someone figured out long ago in some context that X9 might convert better, now everyone's doing it and the reason might not still be valid. I'd love to hear about some recent studies or comparative experiences rel…

it's actually a mind trick. 49 feels small compared to 50 because the 9 behind the 4 makes it look tiny. perception is full of bugs

Re: Pricing Low-Touch SaaS

#69

Post by dinkleberg »

seanwilson wrote: post #8

Great article with good real world examples. It's easy to underestimate how many decisions you have to juggle when coming up with pricing plans. I wouldn't mind a similar analysis for my own pricing page for an website SEO auditing tool if anyone feels like giving feedback: https://www.checkbot.io/#pricing Related to the advice from the article, I resisted offering lifetime deals and going really cheap, I have a free…

You’re giving away way too much with the free tier. As mentioned in the article, you don’t want to have any unlimited items.

For the most part, people that care about SEO are making money off it. Paying $10-15/month if the tool provides them any value in their work is nothing.

You’re the one with the data, so these are just my thoughts. But I’d switch the free tier to have a cap of like 100 scans a month, or maybe ever. Just enough to let those who might pay give it a go.

I don’t know a ton about the SEO business, but $10-15/month price point makes me think this tool can’t give me good returns. If it’s something I’m going to use for my work, $50+/month would give me greater confidence. It could be the same tool, but the price point gives the prospect different ideas.

Last thought, the numbers seem way small. At first glance I didn’t think it showed pricing, but they were just there, same size as the other small text.

Re: Pricing Low-Touch SaaS

#70

Post by mikesabat »

Amazing line in the case study about crypto tax consulting:

"If a person didn’t make tens of thousands of dollars while doing 1,000 transactions in 2017 in cryptocurrencies then, bluntly, there is something wrong with that person’s ability to make good decisions, and you should probably not seek their custom."

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