Ask How can you price a membership site?

[SuperAffiliateX]

I'm m in the process of planning a membership site. But I'm struggling with how to price it for the subscribers. I want to make it affordable enough to attract members but also high enough to make it worth my time. Do I need to look at what competitors charge, base it on the value of my content. Should I check the offer different pricing tiers? I don't want to set the wrong price and lose potential members.

How do you determine the right price for a membership site?