Built a piece of niche software with interested parties how do I price?
So I have spent the last 9 months building a tailored piece of software for a niche industry with very little software integration. I was contracted to develop this software for a small non profit, and negotiated the rights to the IP and software while also deploying to said non profit. This software not only completely digitizes a usually analog workflow, but has a negotiated multi state regulatory compliance reporting piece that is almost unheard of, while also utilizing a traceability standard that is usually a stand alone expensive piece of software.
I have recently been contacted by another larger co op who is very interested in the software and what it can do for them.
How do I proceed? What should my pricing structure be? I have done comps and it looks like 25k-50k is the standard for software pricing for specialty tailored software. Most of my competition (without some major pieces) also charge 3-4k a year in subscription fees.
I would love to discuss more if people have ideas.
I will not disclose my industry, and I will not disclose my customers. Happy to talk otherwise.