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Optimising Pricing and Packaging to Drive Skillshare’s Long-Term Growth

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Optimising Pricing and Packaging to Drive Skillshare’s Long-Term Growth

The
challenge

 

Skillshare is an online skills-based learning platform and community for learning creative skills. Skillshare needed a strategic approach to their pricing and packaging in order to drive long term sustainable growth in their core market. 

The challenge


 

Skillshare is an online skills-based learning platform and community for learning creative skills. Skillshare needed a strategic approach to their pricing and packaging in order to drive long term sustainable growth in their core market. 

Our Approach


As experts in growing customer and commercial value, our objective was to define the optimal pricing and packaging strategy to meet customer expectations whilst also delivering sustainable volume and revenue growth to the business.

 

Over the course of a 9-week engagement, we set out to understand the commercial mechanics and strategic priorities of the business, whilst also conducting several rounds of qualitative and quantitative customer research to identify the optimal packing and pricing strategy.

 

Through interviews with key internal stakeholders, and a series of customer interviews, we surfaced a long-list of potential pricing models and packaging options.

We then conducted two rounds of quantitative research, using techniques such as MaxDiff, Conjoint, and Gabor Granger, to narrow down a short-list of potential packaging options, identify an optimal feature list, and understand price sensitivity.

 

With a practical approach towards delivery feasibility, we tested the front-runner configurations via a custom-built financial model, in order to recommend an optimal packaging and pricing strategy based on maximum long-term volume and revenue.

 

Finally, we also built a go-to-market recommendation, balancing capability to deliver whilst also minimising any potential implementation risks.

Our Approach


As experts in growing customer and commercial value, our objective was to define the optimal pricing and packaging strategy to meet customer expectations whilst also delivering sustainable volume and revenue growth to the business.

 

Over the course of a 9-week engagement, we set out to understand the commercial mechanics and strategic priorities of the business, whilst also conducting several rounds of qualitative and quantitative customer research to identify the optimal packing and pricing strategy.

 

Through interviews with key internal stakeholders, and a series of customer interviews, we surfaced a long-list of potential pricing models and packaging options.

We then conducted two rounds of quantitative research, using techniques such as MaxDiff, Conjoint, and Gabor Granger, to narrow down a short-list of potential packaging options, identify an optimal feature list, and understand price sensitivity.

 

With a practical approach towards delivery feasibility, we tested the front-runner configurations via a custom-built financial model, in order to recommend an optimal packaging and pricing strategy based on maximum long-term volume and revenue.

 

Finally, we also built a go-to-market recommendation, balancing capability to deliver whilst also minimising any potential implementation risks.

The Outcome


  • As a result of this engagement, Skillshare has confidently updated its business strategy with work starting immediately to implement our recommended pricing and packaging solutions.
  • We also provided Skillshare with research and tools to help guide mid- to long-term strategic planning.

The Outcome


  • As a result of this engagement, Skillshare has confidently updated its business strategy with work starting immediately to implement our recommended pricing and packaging solutions.
  • We also provided Skillshare with research and tools to help guide mid- to long-term strategic planning.

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