Prices and Inflation


A few responses re: "What do you do with your prices when inflation gets a 15% jump?" were in the lines of "I'll raise my prices".

Makes sense. In a sense.

BUT!

  • What if you didn't have to raise your prices, despite inflation?
  • How would your customers feel about it?
  • What do you think the effect on this would have on trust?
  • What would you need to keep your prices without change in such scenario?

Rod Aparicio

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Read more from Rod Aparicio

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?