In a product-market fit approach: "This is how everybody else prices" (eg. cost+) "These are the prices". You play by their rules. And here comes the challenge. Rethinking them from the core: "How can you change this equation?" "How could i charge X?" "What would my customers need that they gain 10X the price?" It brings you to think from "what they owe me" (aka. what it costs me) into "what they're interested in" (the outcome). When you start with this, things shift. And that's your first step. :) |
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Once again, Genevieve Hayes came up with a follow up to yesterday's message: The Elephant. "I think Jerry Seinfeld expressed this one best:" This is what got me to stop passing my problems forward and making them the problems of "future me". Mic drop, Genevieve.
There are situations that can be VERY stressful —within your business, with your prospects, with your clients. Kicking them down the road to not deal with them feels tempting, and you might even feel like they're avoidable. They're not. Sometimes they're an elephant stomping and charging your way. Because you put your hands in front of your face won't make them disappear —and certainly won't stop them. Make the decision. Take the decision. You already know what to do. And it's a simple...
A discussion with Dr. Genevieve Hayes —data science expert and long-time friend-of-the-list— about context inspired this daily. We (humans) LOVE making up stories. When we don't have a reference point, our imagination flies. Give that reference point to your customers. So that you lead where their imagination can go wild. :)