4.9 • 816 Ratings
🗓️ 26 February 2024
⏱️ 22 minutes
🧾️ Download transcript
In this episode, we dive into pricing strategies. Discover how setting lower price points can lead to surprising profit margins. I share insightful results from a recent experiment where a product was launched at a lower price, unraveling the potential for substantial profit generation.
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0:00.0 | You can actually make way more profit at lower price points than at higher price points with higher profit margin. |
0:10.0 | This is a very interesting takeaway because it's pretty counterintuitive for a lot of people, including myself. |
0:16.0 | You know, I try to teach students, which again, I still believe this, so I don't want to say like Andy, you're completely reversing on what you've been teaching no I still believe this my point |
0:23.3 | being you could actually make more money what's up guys you're listening to |
0:34.1 | another episode of selling on Amazon with Andy Isam. |
0:38.2 | I tested the low price launch strategy on two of our own products. |
0:44.4 | And in this episode, I'm going to share with you guys the results of this test. |
0:49.0 | The low price launch strategy is something that I've mentioned a lot lately to students in my coaching program. |
0:54.8 | I've been talking more in depth about how I've been executing this and kind of my |
0:58.9 | philosophy behind this on my weekly live Q&A call. I do want to give a little bit of a shout |
1:03.9 | out to where you can watch my weekly live Q&A call. That is by far the best place to get the most up-to-date information about |
1:12.9 | Amazon news and updates, what's changing with Amazon's requirements, new strategies, new features |
1:19.2 | that are coming out on Amazon every week. I'm sharing this. I'm sharing what's happening |
1:23.1 | in the news in the world of e-commerce in the world of Amazon. I'm sharing articles. I'm talking more |
1:27.8 | in depth about what's working and what's not for our brand for my students' brands, things we're |
1:32.5 | testing, things that go well, things that don't go well, and I'm answering questions live from |
1:36.8 | students. If you want to watch that weekly live Q&A call, you have a few different options. |
1:41.5 | First option is, if you are a student in my Anaconda, Jaguar Light, |
1:46.4 | or Jaguar programs, you get live access to this call every week for life. So once you join the |
1:52.4 | program, you can attend the weekly live Q&A call indefinitely, as long as I keep doing this, |
1:57.4 | and I've been doing this for over three years now with over, gosh, |
2:01.0 | how many calls, that's over 150 Q&A calls I think I've done now. |
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