How we drove more enterprise value with pricing | Christian Nimsky (Vehlo)
- Author
- Marcos Rivera
- Published
- Tue 09 Jan 2024
- Episode Link
- https://street-pricing-with-marcos-rivera.castos.com/episodes/how-we-drove-more-enterprise-value-with-pricing
Ever wondered why some SaaS companies soar with their pricing strategies while others nosedive? Christian Nimsky, SVP of Product at Vehlo, joins us to unravel the enigma. Christian dissects the critical misjudgments that can plague pricing models—think overlooked customer engagement and misinterpreted buying processes. We navigate through his treasure trove of experiences, from past blunders at PADI scuba to the cutting-edge techniques at Vehlo, where the focus is on crafting software and fintech solutions for aftermarket repair shops. The conversation is a masterclass in transforming pricing pitfalls into profitable strategies, with Christian sharing his playbook for avoiding the common traps that ensnare many a SaaS venture.
Vehlo provides automotive software and financial solutions to improve the car owner’s experience. The company’s automotive software, marketing and payment solutions are inspired by their customers’ needs. These solutions are designed to handle their back office, empower their employees and create loyal customers. Vehlo is committed to customer financial success in an unpredictable world.
In this episode:
- (00:00) Background and path to Vehlo - Christian shares pricing strategy lessons from PADI and Velo, emphasizing customer engagement and understanding buying decisions.
- (12:29) Customer Voice and Pricing Strategies - Customer feedback guides corporate strategies, understanding the 'why' behind actions, diversifying revenue streams, and implementing effective pricing strategies.
- (23:38) Maximizing Value and Future Growth Strategies - Demonstrate value to customers through data, past successes, and future developments. Digitization and package laddering can simplify operations and inform pricing strategies.
- (31:00) Christian’s favorite hip-hop song plus a 90s favorite
Welcome to Street Pricing, the only show where proven SaaS (Software as a Service) leaders share their mindset and mistakes in pricing so we can all stop guessing and start growing. Street Pricing is hosted by Pricing I/O CEO and Pricing Coach, Marcos Rivera, sought after slayer of bad pricing. With 20 years of pricing expertise, he has helped price over 200 SaaS products and coached over 100 SaaS CEOs and counting! From the streets of the Bronx to CEO, Marcos wants to take the guessing out of pricing.
Resources:
