Description
Even though people think of me as a subscription person, I always say that for me, subscriptions are simply a tactic. Subscriptions force companies to better align their pricing with performance. If the subscriber doesn’t perceive ongoing value, they cancel the subscription…so it becomes the organization’s responsibility to ensure that the customer is achieving the desired outcome. That’s the real goal of subscriptions—to better align payment with outcome.
Professor Marco Bertini is a professor at both Esade in Spain and the Harvard Business School here in the US. He is an expert on performance-based pricing—not just subscriptions, but pay-for-consumption models and even outcome-based pricing.
Marco’s new book, The Ends Game: How Smart Companies Stop Selling Products and Start Delivering Value, which he cowrote with Oded Koenigsberg of the London Business School is one of the best pricing books I’ve read in a long time. In today’s conversation, we talk about how to optimize your pricing model to ensure that your customers can access the value you provide, use your offering well, and most importantly get the performance outcomes they need. Welcome to the show marco.
Making pricing simple can be really complicated, especially in the world of subscriptions, where every pricing change can affect how much your members trust you. How do you manage different pricing for different segments? And how do you change that pricing over time?
Today's guest, Braeden...
Published 10/02/24
The subscription stories of publications like The Times, The Wall Street Journal, and Tortoise Media have one person in common, Katie Vanneck-Smith.
In her latest role, Katie is going beyond subscriptions. She's leading Hearst UK's efforts to create deep, valuable memberships around each of their...
Published 09/18/24