Madhavan Ramanujam - How to Price Products - [Invest Like the Best, EP.298]

This podcast episode explores various aspects of pricing strategy, emphasizing the importance of understanding customer needs, willingness to pay, and value perception. It highlights the need to align pricing with the benefits offered and to segment target markets to create products that meet specific needs. The discussion also delves into common monetization innovation failures and provides insights into choosing between different pricing models, such as subscription and pay-as-you-go. The episode concludes with a tribute to Steve Jobs's pricing genius and the significance of considering customer needs when developing new products and services.