Our inaugural SaaS Pricing Predictions report from 2023 will show you just how quickly UBP is evolving. Check into our 2024 guide for the latest predictions and tips from the experts.
Companies are currently facing economic headwinds that require more intentional, data-driven conversations around pricing – especially since pricing will be one of the key levers for leaders to use next year. With this in mind, m3ter wanted to understand what experts are expecting in B2B SaaS pricing over the coming year. We’re excited to introduce our first annual 2023 B2B SaaS Pricing Predictions Report, packed with eight insightful predictions from industry experts and curated advice to optimize pricing and capture more revenue in 2023.
Companies have countless options, tools, and techniques they could use to optimize pricing. And yet most don’t invest enough time into getting it right. (One study from ProfitWell by Paddle found that companies spend just 6 hours on their pricing strategy over the entire life of their business – not per year or per quarter, total.)
To curate the top 2023 predictions for B2B SaaS pricing, we spoke with seven experts across the field, from founders and VCs to pricing consultants and advisors:
Reading the full report will give a deep dive on eight predictions for where SaaS pricing is headed in the coming year, as well as actionable advice from each of the contributors. Here is a sneak peek at three of the predictions we highlight in the report:
The current economic headwinds are likely to leave customers hesitant when it comes to taking on new contracts or software, making long-term usage or time commitments, or increasing overall SaaS costs.
“Pricing tactics that remove adoption friction will be key in 2023,” says Griffin Parry, co-founder and CEO of m3ter. “Companies will need to make it as easy and low-risk as possible to become a customer.”
Tactics that we expect SaaS companies will use to lower barriers to entry for prospective customers include:
The experts we spoke with were split on whether they expect to see across-the-board SaaS price increases in 2023. Most were in agreement, however, that SaaS businesses should be revisiting pricing often and iterating and adjusting as needed.
What about the impact of inflation? It will certainly be a key factor in pricing conversations, but it shouldn’t be a one-size-fits-all reason to increase prices. “Just because inflation exists doesn’t mean a price increase is right for software companies in 2023,” said Kyle Poyar.
Most companies are likely having conversations around cash concerns, and the customers of B2B SaaS businesses are no different. The experts we spoke with expect to see SaaS businesses using pricing to minimize the overall effect of those cuts (e.g. churn).
Whether SaaS businesses will face significant churn challenges depends on a number of factors:
The 2023 B2B SaaS Pricing Predictions Report offers insightful predictions from experts who spend every day working on the pricing challenges faced by SaaS businesses globally. Anyone working for or with SaaS companies will learn about the biggest trends impacting pricing and take away actionable advice to efficiently drive revenue in 2023.
Download the full report below, and join the conversation on LinkedIn to share your thoughts.