All customers are different, so which one do you think about when doing this analysis? Choose a customer that purchased from you and do this analysis. Then choose a customer who didn’t buy from you (harder to find to talk with) and do this analysis again. Customers who buy from you and those who don’t value your offering differently. This is especially true for your advantages and disadvantages. As a marketer, your target market should be the customers who value your advantages. Hence, you should price for those customers.
However, this does not give you the “right” answer. This gets you close. This lets you see how your customers are making decisions and creates a calculated price so you can see if it makes sense. Eventually, you have to tweak this price up or down based on your judgment and experience. If you are trying to reach a broader market, you may want to reduce the price. However, a better strategy may be price segmentation.
Don’t skip this step. Even if it gives you the same price range you are currently using, it forces you to think about your customer’s decisions process. This is valuable to you.