Ep7: Jim Geisman – Subscription Pricing Expert

 

Jim Geisman started and managed Software Pricing Partners from the early 80’s until 2018. The firm focused on software pricing strategies, processes, and tactics that improved companies ability to sell more faster. He has been referred to as the grandfather of software pricing since he identified and took advantage of this niche.

In this episode, Jim tackles what subscription pricing is all about, the structured process of product and service packaging to fully address customer segments and needs,  and the correlation of usage to value when it comes to subscription pricing.

 

What You’ll Learn from this Episode

  • Understand what subscription-based pricing is all about
  • Discover how having a systematic pricing metric and model help justify the value
  • How usage is connected to value and how to monetize those date to have a new source of value in subscription payments

 

“You have to be extremely careful not in what you charge but how you present the options to the customer.”

– Jim Geisman

 Stay updated on all things pricing.

 Subscribe to ‘The Pricing Perspective’ here

Topics Covered:

 

01:57 – Jim’s backstory, getting an MBA in Harvard

03:09 – How Jim started in his pricing journey

05:45 – The pricing metric to be considered in a subscription model

09:45 – Jim dig deeper into Salesforce’s subscription pricing model

15:25 –  Correlation of usage to value, why subscription services are considered key to monetize customer relationships

17:45 – How usage is a metric in vertical markets

20:20 –Jim’s advice on how to create a pricing impact

 

Key Takeaways:

“The metric that makes the most sense is the customer.”- Jim Geisman

“Think about the way they make in purchasing decisions and incorporate some of their own personal buyer skepticism and objections.” – Jim Geisman

 

Resources:

 

Connect with Jim Geisman:

 

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 unique pricing model you’ve ever seen?

(Post your answer at Mark’s LinkedIn designated Post)

Recommended Posts
0