I'm looking for techniques or rules-of-thumb for pricing a packaged
software product.

The 2 techniques I'm familiar with are:

1. Comparing yourself to your competition and charging X% more or less
than a particular group of competitor(s).

-OR- 

2. Calculating a back-of-the-napkin type of return-on-investment and
pricing a product to pay for itself in X months.

Curious what techniques you are using and if you're using one of the
above methods, what values are you using for X?

Thanks!
Malcolm




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