![]() ![]() ![]() This blog offers a guide to the pros and cons and a breakdown of different approaches to pricing per feature. You will need to consider how to use this strategy to the best effect. Laptops increase in cost based on additional storage, faster processor speed, and extended battery life.Įven though this pricing model is easy to understand, it’s not necessarily straightforward to implement.Premium coffee machines offer extra features like milk frothers, customizable settings, or multiple grinder settings.Magazine subscriptions cost more for features such as archive access, print and digital copies, or discounts on related publications or services.Gym memberships charge extra for features such as a personal trainer, access to saunas, or even a diet plan.Here are just a few examples of everyday feature-based pricing: Consider any item you can purchase, and you will begin to see that features almost always play a role in the cost. If you think about most services and products you pay for, you will find that a higher price usually means more features. It’s most commonly paired with a tiered pricing strategy, where access to more features increases the price.Īlthough considered an innovative strategy by many, feature-based pricing is not a revolutionary concept and has a lot in common with more traditional pricing. ![]() The complete guide to subscription managementįeature-based pricing is one of the leading SaaS pricing models, allowing companies to price their services and products based on varying levels of functionality.The complete guide to financial consolidation.Microsoft Dynamics 365 Business Central. ![]()
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