Is $5 the magical number when it comes to pricing your product in the SaaS market?

Here's my current list of subscriptions:

I have other subscriptions as well that are on an annual price that I haven't listed here, but it's safe to say that most subscriptions fall in and around the $5 mark. Don't just set a price though, do some background work on your product and market and get feedback on what your customers are prepared to pay. It might surprise you.

via Ahmet Alp Balkan