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What's Pricing
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Pricing is how a business sets a price for an offer. It can be based on costs, marked up on a market assumption, based on the capital invested, on the market standard price, on how much it's worth to the customer compared to their gains. There's no right or wrong way to establish prices. However, there are ones that are less controllable (on external factors), and ones that leverage the profitability of your margins (I tend to go for this last one). |
Rod Aparicio
Get one tip, question, or belief-challenge that just might change the way you market, to help your customers buy. A *daily* email for b2b founders on improving your business —without the bullshit.
A price is a signal to the market. It's the representation of your promise. If it's high, it means it's a premium / expensive / worth the money. If it's low, it might work... or not; and that's ok. A price is fixed and known BEFORE making the buying decision. It informs the decision. Do you give prices?
The more you run will not necessarily get you farther. The more effort you put, the more complex you make things (either for yourself or for your customers), the more it costs you to build something, the more time to learn something. Your customers don't care. It might be a nice-to-know, but they don't care. You could very well be in a hamster wheel. What is it that you might need to do less of?
"The best marketing is a product people want to talk about." Nope. The best marketing is helping your customers. Helping them in such a way that they will LOVE to pay you what you ask for and they'll say "Thank you" at the end of it.