Looks like you've already set up your hosting prices and plans. As a baseline, what criteria have you already used?Hey guys,
How do I set my hosting prices and plans? Need some suggestions to improve my profit margin.
I highlighted a flaw in your comment.There are many criteria to determine this. You add up the server, hosting and license fees and divide the price by the number of customers. you add some profit margin to the result.
It can be done this way. this is an example.
Of course, you should be aware of your competitor's pricing, but consumer's will still buy from you if your product or service eases their pain and fits their budget.First, do research on your competitors plans before deciding on a pricing, since if you do not compare prices with other providers, no consumer will purchase a server from you.
But still too many consumers will just look at the price. How many on here have had customers who will say ' I bought unlimited hosting from eBay and all my sites are down and I cant contact the host, can you help me get my sites back' and you find out they bought a $2 per year unlimited everything plan from someone on eBay who did not have their own website.Of course, you should be aware of your competitor's pricing, but consumer's will still buy from you if your product or service eases their pain and fits their budget.
And on the other end of the spectrum, you have providers like Rackspace, with over 5000 employees who could care less what some eBay provider is offering. Why? General perception is they offer a premium service that minimizes their client's pain and their business model seems to be working quite well.But still too many consumers will just look at the price. How many on here have had customers who will say ' I bought unlimited hosting from eBay and all my sites are down and I cant contact the host, can you help me get my sites back' and you find out they bought a $2 per year unlimited everything plan from someone on eBay who did not have their own website.
yes, but when people have less disposable income they think going to feebay (opps eBay) and paying $2 a year is great until things go wrong and host vanishes, so they will then goto rackspace etc. understanding that you need to pay for a good providerAnd on the other end of the spectrum, you have providers like Rackspace, with over 5000 employees who could care less what some eBay provider is offering. Why? General perception is they offer a premium service that minimizes their client's pain and their business model seems to be working quite well.
I get the point you're attempting to make, but I'm pretty sure prospects searching eBay for hosting are not going to Rackspace, rather somewhere in between. I think you missed my point in that you don't necessarily need to follow the trend for pricing (from your competitors) if you're offering a recognizable value-add product or service, or the perception of that. Pricing is absolutely a factor, but not always priority number one.yes, but when people have less disposable income they think going to feebay (opps eBay) and paying $2 a year is great until things go wrong and host vanishes, so they will then goto rackspace etc. understanding that you need to pay for a good provider
it's all about customer service and support in the hosting game as anyone can set up a hosting business, especially when you have WHMCS, ClientExec, Blesta, etc. where all aspects can be automated., but if something goes wrong, it falls to how you handle the situation to get things corrected.The hosting market is becoming more and more competitive, so you need to provide professional tech help 24/7 to get more customers. It's true, many people aren't aware of how inexpensive web hosting is. The key is finding a web hosting provider that can provide excellent customer support.