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Business Buffet

MD023 - 4 Reasons Why Pricing Is the Key to Startup Success

Business Buffet

Ed Bejarana

Marketing, Business, Business Strategies, Entrepreneurship, Business Tips, Small Business, Leadership

1981 Ratings

🗓️ 11 February 2020

⏱️ 25 minutes

🧾️ Download transcript

Summary

Is your business using relationship based pricing or are you only looking for a one-sided victory in the price war?

Transcript

Click on a timestamp to play from that location

0:00.0

Your price is the cost for the customer. The customer's profit is the difference between the price you

0:07.9

charge and the benefit they receive. They too want to maximize profits. Thus, a deal they cannot resist

0:17.2

is one where their benefit by far exceeds the price they have to pay. A happy customer

0:24.4

is a profiting customer. How does your company price your products or service? Are you seeking

0:30.9

a win-win or maximum profits? In today's episode, we'll explore the idea that's looking at price from your

0:39.7

client's point of view and will be more profitable for you in the long run.

0:47.2

Welcome to the Business Buffet podcast with Ed Beharana and Phil Anderson.

0:52.4

This is a conversation in and around business

0:55.2

with a pinch here and a sprinkle there

0:57.4

of anecdotal stories.

0:58.9

Like most buffets, we will offer the staples,

1:01.2

you know, the things that are in every buffet,

1:03.6

the meat and potatoes, with a cursory helping the veggies.

1:07.4

Our business buffet podcast aims to give you

1:10.3

the fundamental principles and strategies any successful business needs to know.

1:14.9

Please subscribe to the Business Buffet podcast wherever you download your podcasts.

1:20.2

We hope you're hungry as the business buffet is open and ready to serve.

1:24.6

Now, here is Ed BeharHirana and Phil Anderson.

1:29.6

Hey, Phil. How are you doing today?

1:32.9

Well, it's been a weird week, I will tell you that, but you're over there staring at me laughing

1:38.0

because I'm reaching for a back scratch. I had an itch of my back between my shoulder blades.

1:42.8

The worst part. We have all the tools here in the office.

...

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