🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

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PRATHAM
•

Spotify • 1y

✨" Price On Value Not Cost " Elaborated🤌: Startups should price the product based on Value not cost. What this mean is, don't just price above the making cost instead you should price on Value. You can do this by doing surveys for PMF. In thi

Niket Raj Dwivedi
•

Medial • 1y

If we introduce a premium version of Medial, let’s say a subscription what should be the price per month?

PRATHAM
•

Spotify • 1y

I personally couldn't pay rn as I am student but if I was getting good user experience that fulfilled my needs via medial then I would like to pay ₹200-600.

Niket Raj Dwivedi
•

Medial • 1y

We are thinking of 49 for students and 99 for everyone else. Premium services and features will be offered for this platform. The platform right now will always be free.

4 Replies

Replies (4)

Ananya Agarwal

Learning • 1y

That's very considerable amount

1 Reply

Harsh Gupta

Digital Marketer (Me... • 1y

This is avwry attractive price point , you should consider this 🙌

1 Reply

PRATHAM
•

Spotify • 1y

Yea nice to hear that, but previously you said no subscription model right? What about that , Also the pricing is reasonable as userbase is not huge, correction: the pricing which I mentioned was when medial would get huge userbase, not current user base

Anonymous 3

Hey I am on Medial • 1y

Social platforms charge premium not for features but on the basis of community strength and quality. Features are to make user's life easy at the platform (for users who spend lot of time here). So 49//99 is good price point but I think it's too early yet. Maybe it can blast after a year or so. Also one more observation I had from journey of X after Musk takeover- on any social media platform, there are three layers of users. An individual user is always mid layer. Then there is top layer on it (whose content he consumems regularly and follows them) and then there is bottom level (who consumes his content. Followers). You can charge higher pricing on the basis of strength of other two layers. More and amazing people, more money you can charge.

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