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Cara Says It All

Chanel Doesn't Care Whether or Not You Can Afford Them

Cara Says It All

Cara Alwill

Entrepreneurship, Education, Business, Self-improvement

4.81.5K Ratings

🗓️ 29 September 2021

⏱️ 3 minutes

🧾️ Download transcript

Summary

If you've been afraid to raise your rates or sell your products or services because you think you're too expensive, or people won't be able to afford you, then this quick power chat will reset your vibe. Enjoy!

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Transcript

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0:00.0

Chanel doesn't care whether or not you can afford them. I dropped that

0:04.9

truth bomb on a coaching client recently and I felt really called to jump on

0:09.0

this podcast and dig into what I mean by that. You are listening to style your

0:13.6

minds. I am your host, Cara Allwell. Thank you for being here with me today. If

0:17.4

it's your first time on the podcast, welcome. If you are returning, welcome. So

0:23.7

recently one of my clients was thinking about changing her pricing policy. She

0:29.1

sells a fairly high ticket investment and she offered a payment plan in the

0:33.2

past. So most of the people opted into the payment plan and she was noticing

0:37.4

this trend that after a couple of payments, people were falling off. She really

0:42.8

wanted to shift into a pay and phone model, but she had some limiting beliefs

0:45.9

around whether or not her clients would be able to afford that investment

0:50.1

upfront. You know, she's like people just, you know, can't afford it. It's a

0:53.8

weird time. You know, who is going to be able to spend this amount of money at

0:57.7

ones like where are these people? Like do they even follow me? Do they know me?

1:01.4

Where are they going to be coming from? And I asked her, does Chanel think about

1:06.6

whether or not someone can afford one of their handbags? Absolutely not. In fact,

1:10.9

I don't know if you guys know this, but Chanel raised their prices in 2020. In

1:15.2

the middle of a global pandemic and an economic crisis, they raised their

1:19.6

prices. They weren't concerned with who is going to be able to afford their

1:23.8

bags. They weren't worried about where these people were coming from. They

1:27.4

knew their worth. They felt confident about the increase and it was a move that

1:32.7

they made. And guess what? People are waiting online to get into Chanel. You

...

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