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hi it's nick with pareto labs and in 60 seconds i'm going to break down value-based pricing pricing is one of the biggest levers you have to immediately add value to your company most people price their products based on how much it costs to make them and then add a margin on top of that that's called cost plus pricing if you do that you're likely leaving a lot of money on the table with value-based pricing you care about the customer's perceived value of your product you're basically looking at it through their eyes it could be more or less than where you're currently priced if your products are flying off the shelves it probably means you're priced too far below your customers perceived value of your product and you should raise prices on the other hand if sales are slow then the perceived value is likely lower than your current price point and you should lower prices right wrong you should increase perceived value how do you do that add more features to your products create differen

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