What you'll do
Pricing Strategy Development:
- Develop and maintain pricing strategies that align with company objectives and adapts to market trends
- Lead the creation and optimization of pricing models, including the development of the customer segmentation and ideal customer profile, ensuring alignment with market trends, customer needs, and competitive positioning.
- Drive dynamic pricing strategies, pricing offers and corresponding sales plays that balance profitability with market share growth and customer satisfaction.
Competitive Intelligence & Market Analysis:
- Lead research initiatives on competitive pricing strategies and market trends, ensuring the company’s pricing stays competitive and differentiated.
- Identify and anticipate market shifts to adjust monetization strategies proactively.
Go-to-Market Alignment:
- Oversee the alignment of monetization efforts with sales, marketing, and customer adoption teams to ensure seamless revenue generation and retention.
- Develop systems and processes that optimize the full revenue cycle, from customer acquisition to retention.
Product and Pricing Alignment:
- Work closely with product management to ensure pricing strategies reflect product value, customer needs, and market opportunities.
- Influence product packaging and tiers to align with different customer segments and use cases, enabling more flexible pricing structures.
Customer Analytics and Insights:
- Leverage data to analyze customer behavior, segment pricing elasticity, and develop personalized pricing models that maximize revenue opportunities.
- Build a robust system for ongoing customer feedback loops that inform product, pricing, and market strategies.
Alliance, Channel and Partner Alignment:
- Manage and optimize pricing strategies across various sales channels, including direct sales, partners, and resellers.
- Ensure consistent pricing execution and profitability across all channels, including third-party partnerships.
Monetization Strategy Innovation:
- Lead efforts to explore and implement new monetization models, including usage-based pricing, value-based pricing, and freemium models, to drive incremental revenue streams.
- Collaborate with internal stakeholders to identify opportunities for product upselling, cross-selling, and subscription expansion.
Financial Modeling and Forecasting Alignment:
- Regularly collaborate with finance on financial models to forecast revenue based on pricing strategies, providing key insights for leadership on pricing impacts.
- Regularly collaborate with finance to model various pricing scenarios, ensuring the company achieves both short-term and long-term financial objectives.