When developing and designing your offerings (offering/product ladders, too), take your pricing in orders of magnitude, related to the value. If you have something for 100, how would this turn into 1000 for your customer? If you have something for 50K, how would this turn into half a mill for your customer? This will push you to think in terms of your customer, and not in terms of you. When you crack that code, it becomes simple. You stop going from "How can I squeeze the most of what I got paid —and not spend more?" into "What else can I do for them?" That's what'll make you grow. |
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The wrong focus. On customers that are not profitable. On products that no one needs. On numbers (revenue, sales), over profits. On people who just won't do the thing or put the work. Choosing is hard, yet simple. You've always known what you should do. Take that first next step and just start.
To deliver surprise you need to be comfortable with risk. No risk, and you'll be expected, predictable. And if you want to stand out in your market, predictability works in favor of your competitors. Awe them. Awe your customers.
During a conversation this past week, I heard that. That raising your prices 5X or 10X, or charging one client different (probably 10X more) from another is not fair. Or that it's wrong. What are your thoughts on that?