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Christy Wright Podcast Channel

#231 Business Bootcamp: How to Price Your Products and Services

Christy Wright Podcast Channel

Christy Wright

Christianity, Business, Religion & Spirituality

4.9 • 2.2K Ratings

🗓️ 30 January 2024

⏱️ 23 minutes

🧾️ Download transcript

Summary

How do you set the right price for you, your business, your audience, your offering, your season and your objectives? In this episode, Christy shares seven questions to help you determine the perfect price. And she also shares three rules to help you get more sales, regardless of your price point. Don't forget to subscribe wherever you listen to podcasts to never miss an episode!

Helpful resources:

Goal-Setting Guide at businessbootcampshow.com.

Lead magnet examples at christywright.com/free.

Recurring Links:

Music via: https://pixabay.com/music/beats-sport-rock-trap-beat-velocity-11230/

Transcript

Click on a timestamp to play from that location

0:00.0

Setting prices is really, really, really hard because you never know if you're doing it right.

0:06.4

How do I even decide what this is worth? It's hard.

0:12.0

How are you supposed to even do that? Well, that's exactly what we're talking about today.

0:15.0

Hey everyone and welcome to Business Food Camp. I'm Christy Wright, best-selling author,

0:19.0

certified business coach, keynote speaker, and most of all, your bossy big sister here to give you the

0:23.7

practical steps you want and the tough love truth you need to succeed in business so

0:28.6

let's dive in. Now today we're talking about setting prices out of of the gate. Let's just acknowledge that

0:34.9

setting prices is really, really, really hard. It's kind of like raising kids, like

0:40.7

you're expected to know how to do it, but you don't know how to do it, and no one's ever taught you, and you're just never sure if you're doing it right, right?

0:49.0

Like, it's kind of like parenting. Setting prices is hard. It's not objective. It's subjective. There are a

0:55.1

million variables that go into setting prices and no matter what you do you never

1:00.0

arrive at this perfect price where you just feel like, this is it. I have arrived, I have

1:06.7

made it, this is perfect. You're always kind of questioning, is this the right price? Even

1:12.4

when you get really, really confident in your price

1:15.0

and you've been in business for a long time,

1:17.0

you still are going,

1:18.0

could it be better?

1:19.0

Is there a sweet spot that I could maximize or optimize

1:22.0

that would increase conversions and meet all of my

1:24.5

objectives for my business my product my service it's just this ongoing

1:28.7

experiment which can really kind of mess with your head because you never know if you're doing it right. I don't

1:34.4

want to be too expensive and offend people and cut people out that need help and I don't

...

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