How to know if users will pay for your product?
I have a video annotation website that attracts a lot of teachers in the EdTech space, and right now I am not charging anything for using it. I get positive feedback. How best can I get verbal written commitments that the teachers requesting certain features will actually pay for a plan once the features come out?
It goes to three points: pricing power, value, and crowd size. If you are providing enough value for a large crowd, you can afford to try charging. Otherwise it is risky to lose customers. Also it is a matter of market size. If it is niche then you get liked by people, but your customer base may be too small to sustain any tinkering.
You have the opportunity to add features in the pro version. You have the perfect excuse. "Since everyone requested, I can charge the same thing"
Question asked by
r/darlion02 on reddit
April 30, 2020, 10:04:18 PM