32 min listen
Positioning + Pricing = Profits
ratings:
Length:
41 minutes
Released:
Mar 23, 2020
Format:
Podcast episode
Description
How positioning plus pricing equals profits.Talking PointsThe concept of value pricingPrice vs. hourly rateSetting acceptable pricesPaul Newman’s RolexHow to differentiate yourself from the competition so that price isn’t the only distinctionHow big corporations choose between different pricesHow positioning affects your leverageWays to set pricesHow your prices can rise over timeHaving the courage to keep charging moreA fixed price can be a meaningful differentiationHow hourly billing punishes experienceSelling access to expertiseOwning your spaceImpact and influenceQuotable Quotes“If you’re renting yourself out by the hour, then you’re not pricing anything. That’s not a price.” –JS“When you lead with your hourly rate, it gives clients a point of reference that isn’t valid.” –RM“If your audience are big corporates, a lot of times they have to choose the lowest price.” --RM“If you are the obvious choice, then those other “competitors” are just not on the table anymore.” –JS
Released:
Mar 23, 2020
Format:
Podcast episode
Titles in the series (100)
Niching Down: It's counterintuitive but true: focusing on a narrow market segment is great for business. by The Business of Authority