Mar 18, 2019
Why you have to check out today’s podcast:
- Discover the importance of pricing strategy for subscription products
- Learn about pricing and its effects on consumer behavior
- How to approach the stages of SaaS customer acquisition,
in your customer acquisition, retention, and
expansion
Natalie Louie is the Director of Product Marketing at Hired a subscription-based business. Her experiences and specialties focus on improving operations, revenue, profits, integrations, partnerships, managing, SaaS pricing and packaging, product marketing, planning, and development.
In this episode, Natalie shares her pricing expertise, how the right subscription model makes your life easier and how scaling the pricing metric benefits her growing customer.
“The beauty of subscription is you don’t have to own or build anything yourself, but you have the ability to get what you want on demand.”
- Natalie Louie
Stay updated on all thing pricing.
Subscribe to ‘The Pricing Perspective’ here
Topics Covered:
01:32 - Natalie’s SaaS pricing backstory, how it became her expertise
04:00 - Price-Quality Relationship: its effects on consumer behavior
05:19 - How she sees the beauty and uniqueness of subscription
06:30 - Mark’s insight on product owning versus subscribing for functionality
08:11 - The benefits of subscription on the sell side in terms of predictable revenue and what customers value
10:30 - What Hired, Inc. does and what it’s all about
12:05 - Between employer and employee who subscribes to Hired model
13:30 - Natalie’s definition of pricing, seeing it as a metric that scales
15:38 - Her common strategies of scaling the price and its effect on the customers
18:30 - The importance of the 3 Revenue Buckets to grow your business
20:55 - The story behind her title, being Hired, Inc’s Director of Product Marketing
23:15 - Different levers to use to improve the process of product and pricing to grow more customer
26:40 - The pricing treatment you can apply to your current and new customers
28:16 - Natalie’s valuable advice on how to have a pricing impact
Key Takeaways:
“I am not saying everything in your life should be replaced by subscription but if you replace things in your life you see as chores with subscriptions, it makes it easier.”- Natalie Louie
“On the sell side, any business offering a subscription, the benefit is the consistent, predictable revenue that your company will get from your customer base year after year and that what’s people value.” - Natalie Louie
“There is a different metric that speaks to a different user.” - Natalie Louie
“Pricing has its own roadmap. It’s constantly being refined and we’re always evolving it.” - Natalie Louie
Resources:
Impact Pricing: Your Blueprint for
Driving Profits
Connect with Natalie Louie
Connect with Mark Stiving
Hey Pricing Practitioners, have the chance to get Impact Pricing: Your Blueprint for Driving Profits
Just Answer the Question: What is the most interesting recent example of price communication or value communication that you’ve seen?
(Post your answer at Mark’s LinkedIn designated Post)