Ten better ways to frame your pricing
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No matter what industry your work in, there are always better ways to frame or position your pricing. It could also mean the difference between a successful and an unsuccessful product, winning or losing the business or profit and loss.
In this episode of ‘Ten Things’, I take a look at ten ways you can better frame your pricing, including:
- Don’t over-complicate your pricing
- Don’t talk about costs
- Talk about value instead
- Know your customer and your competition
- Try and link your pricing to a customer value metric
- Manage discounting
- Don’t condition your customers
- Consider selling a good as a service
- Understand behavioural economics, and
- How to negotiate with a Pitbull
I have no doubt there is something in here for everyone, regardless of what business or industry you are in.
Enjoy!