How to price an AI product when your cost of goods drops 10x a year

1. 1Research your target market to understand customer willingness to pay
2. 2Calculate your current cost of goods and project future cost reductions
3. 3Develop a pricing model that accounts for decreasing costs and increasing value proposition
4. 4Test and refine your pricing strategy with customer feedback and market analysis
5. 5Continuously monitor and adjust your pricing to stay competitive

Product managers and entrepreneurs in the AI space can benefit from this article to develop a pricing strategy that adapts to the rapidly changing cost landscape

💡 The cost floor for AI products is a moving target, and pricing strategies must adapt to stay competitive

💡 Pricing AI products just got tougher! Costs drop 10x a year, but how do you stay competitive? 🤔