What are the best practices for pricing digital products?

What are the best practices for pricing digital products?

When pricing digital products, consider factors like production costs, perceived value, and market demand.

How do I determine the perceived value of my product?

You can assess perceived value through customer feedback, competitor analysis, and by highlighting unique features.

Should I offer discounts or promotions?

Yes, strategic discounts can attract customers, but ensure they don't undermine your product's perceived value.

What pricing models work best for digital products?

Common models include one-time payments, subscriptions, and freemium options, depending on your product type.