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A rate is not a price

A rate is not a price —even when it kinda feels like it. For it to be payable, you need to multiply it by another variable. Might be hours, minutes,

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Market-based prices

“Hell, no!” That’s the visceral, automatic reaction I get when hearing “You need to price based on your competitors’ prices”. While it sounds logical, the market can be (usually is)

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Adding to the noise

When you’re going into the market and set yourself with what the market pays/charges/”accept”, you’re only adding to the noise. It gives your prospect one more option to choose from.

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Decisions

Taking more time to think over things and THEN make a decision is just stalling. Sometimes you have all the facts right on your face —yet you close your eyes

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Look for someone

If you’re not having the best time with how your business is doing, look for help. Look for someone who, as painful it is for them, will tell you the

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Simplicity

It’s not about what YOU think/see/feel is simple. It’s about what your customers think/see/feel is simple for them (or not). They don’t know the ins and outs. They don’t know

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How do you give your prices?

Do you have them all with all the details? Or do you have them as one single-price? Whatever form you do, what’s the thing you notice when negotiating/talking to your

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Who are you talking to?

When going into sales conversations, who are you talking to? Is it the final users of your products/services? Is it the economic buyer? Is it the ones who pay the

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What barriers are you breaking?

Beethoven. And blues. And gospel. John Batiste here shows you how he breaks musical barriers. How you go from one thing, smoothly, to another that are not related —and make

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Fishing with a net

That’s a metaphor to extend your reach to find customers. You throw a net to the water, and when pulling you’ll get customers. The thing about fishing with a net,

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Be the dumb one

Some say that asking too many questions is either dumb, or makes it feel like an interrogation to your customer. I’d choose the former. 🙂 Think of it this way.

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Basing your price

Food for thought on how pricing could be referred to. Time-based pricing: It’s focused on your time. Not on your customers’. Cost-based pricing: focused on your costs. Not on something

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Revenue or profit.

Revenue or profit. Which one is the one you’re to aim for? Or better yet, if you need to make 500K in revenue, what would your approach be: Low price,

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No is good

Knowing what to say no to is the thing that puts you (and your business) in the expert position. It gives you clarity to choose the right fits for you.

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The answer is no

If… something takes you a lot of effort, you put a lot of passion into it, takes you more time to deliver, has more costly inputs, you learned it for

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How much effort?

The more effort/passion/premium you put in requires a higher price to your market? What are your thoughts on that?

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Money is not a problem.

In a negotiation in behalf of a client, I asked my client: “Please give me the prices (at full) for these 2 programs your customer wants to buy. Money is

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Friction

“You need to reduce friction” That can be true and helpful in a context. And wrong on others. On others, you need to produce friction. To create (or encourage) change,

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Culture

A set of behaviors shared and understood by a group of people. Behaviors that are tolerated or reinforced. Whatever behavior you accept and tolerate (from your own team, customers, suppliers,

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