Case Study: Customer Interview Questions
blog.liffft.com
blog.liffft.com
"What do you feel is a fair and reasonable price for this product?"
For some reason using the terms "fair" and "reasonable" in the question helps eliminate the lowball offers you'll get with a generic "what would you pay" question.
(source: have done well over a thousand customer interviews in the past ten years and seen this work very well)
They’re going to lowball you. Also, they have no idea. Instead, infer what they’d pay based on what they’re already paying for. Or try to get them to put a dollar amount on the value it would add to their life (could they make an additional $5k/year with their new job? $20k/year? Now you have something to base your price off of.
Having been on both sides - I couldn't agree more.
Keep rocking guys!
Jason
I didn't go into it in this article because it was out of scope, but stories are much better than simple facts. I always tell Startup Weekend teams I'd rather they talk to 10 people than get 10,000 survey results.