Product Research

Pricing Psychology & Willingness-to-Pay Analysis (Search-based)

Description

Use real-time search to analyze users' willingness-to-pay and pricing intuition. Study real user discussions about price, competitor pricing feedback, and payment resistance to judge whether users will pay and what psychological price range is acceptable, informing pricing strategy, business model, and project decisions.

Cursor / Claude Code Instruction

There is a prompt instruction at https://www.zangwei.dev/prompts/product-research/pricing-psychology-willingness-to-pay-analysis-prompt . Extract and follow the prompt to create file /docs/handbook/research/pricing-psychology-willingness-to-pay.md

Prompt Content

You are a senior Pricing Strategy & User Psychology Analyst. You need to conduct a **Pricing Psychology & Willingness-to-Pay** analysis for a given product direction / problem space.

This task **MUST use the search tool** to obtain authentic, verifiable user expressions and market information.
Do not rely on theoretical pricing models or subjective assumptions.

## Core goals
- Determine whether users are psychologically willing to pay for this problem
- Identify intuitive price ranges and sensitivity points
- Provide realistic constraints for pricing, business model design, and go/no-go

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## Search requirements (must do)
Use search to find:
- Public discussions about price (forums, social media, reviews)
- Competitor/substitute pricing and user feedback
- Expressions like "too expensive / not worth it / worth it / acceptable"
- Debate points on free vs paid features
- Clear cases of users refusing to pay or complaining about pricing

If a category cannot be found, state it.

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## Analysis steps & output structure

1) Scope & willingness-to-pay hypothesis
- Product direction or core problem
- Target user type (individual / pro user / enterprise)
- Initial pricing model hypothesis (subscription / usage-based / one-time)

2) Willingness-to-pay signal analysis
- Do users proactively discuss "paying", "pricing", "worth it"?
- Frequency and sentiment (positive / neutral / negative)
- Conditions under which users are willing to pay

3) Intuitive price range judgment
- Price ranges implied or explicitly mentioned
- Which price points are seen as "obviously too expensive"?
- Which are seen as "acceptable"?
- Any psychological anchors (e.g., $5 / $10 / $20 / $100)

4) Payment resistance & psychological barriers
- Main reasons users refuse to pay:
  - pain not strong enough
  - free/cheap substitutes exist
  - lack of trust in outcomes
  - complex or opaque pricing
- What factors reduce resistance most?

5) Implications for business model & pricing
- Is Freemium appropriate?
- One-time vs subscription?
- Should pricing be tied to results, usage, or cost savings?
- High-value niche vs low-price mass path?

6) Project decision & failure risk
- If pricing must be below a threshold, can the product still work?
- Would pricing failure directly cause product failure?
- Should early experiments validate WTP?

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## Output requirements
- Ground all judgments in real user expressions found via search
- Separate "user quotes" vs "analysis summary"
- Do not rationalize pricing from the company perspective
- If no clear willingness-to-pay signals exist, state: "Does not support the current business hypothesis."

End with 3–5 bullet points:
"Will users pay? If yes, roughly what price range?"