Tiered pricing

Tiered pricing is a pricing strategy where products or services are offered at different price levels based on the quantity purchased or specific features included. For example, a software company might charge $10 for a basic plan, $20 for a standard plan with more features, and $30 for a premium plan with all the extras. This approach allows customers to choose a pricing level that fits their needs and budget, while businesses can attract a wider range of customers, encouraging upsells to higher tiers as customers' needs grow.