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BigDeal

Do This One Thing to 2X Your Business

BigDeal

Codie Sanchez

Business, Investing, Entrepreneurship, Marketing

4.8681 Ratings

🗓️ 5 May 2025

⏱️ 20 minutes

🧾️ Download transcript

Summary

If you're looking to scale your business, join us here: http://bit.ly/3EWbrGo In this episode, Codie discusses the critical role of pricing in business success. She emphasizes that pricing is not just about covering costs but is a powerful lever for growth and customer perception and provides actionable insights for business owners to enhance their strategies and increase profitability. 00:00- The Power of Pricing Psychology 03:07- Strategies for Raising Prices Effectively 05:56- Learning from Big Brands: Case Studies 08:47- Understanding Customer Value and Market Position 12:01- The Right Time to Raise Prices 15:13- Communicating Price Changes to Customers MORE FROM BIGDEAL: 🎥 Youtube: / @podcastbigdeal 📸 Instagram: / bigdeal.podcast 📽️ TikTok: / big.deal.pod MORE FROM CODIE SANCHEZ: 🎥 Youtube: / @codiesanchezct 📸 Instagram: / codiesanchez 📽️ TikTok: / realcodiesanchez OTHER THINGS WE DO: Free newsletter: https://contrarianthinking.biz/3XWLlZp Biz buying course: https://contrarianthinking.biz/3NhjGgN Resibrands: https://resibrands.com/ CT Capital: https://contrarianthinking.biz/4eRyGOk Main St Hold Co: https://contrarianthinking.biz/3YfGa8u Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Everything that we do here is to make more money.

0:01.5

If you charge low prices, your product will be perceived as low value, increase your prices,

0:06.0

and you will not only make more money, but people will actually use your product and value it more.

0:11.0

This is pricing psychology that few understand.

0:14.0

Here's how Steve Jobs thought about it.

0:16.0

Our goal is to make the best personal computers in the world and to make products we are proud to

0:21.7

sell. What we don't realize mostly is that pricing is the ultimate growth lever. Yet most small

0:26.4

businesses fail to pay attention to it. And if they do, they tend to underprice out of fear.

0:31.1

The reality, get it wrong. You'll hate your customers. Get it right. And you can help yourself

0:35.8

build a profitable, resilient business that

0:37.9

customers respect and pay for. So today I'm going to go through how do you price your business better?

0:43.1

Your action steps are going to be these. Hello and welcome with the Big Deal podcast. I'm

0:49.9

Cody Sanchez and this week we're doing something a little different. If you've ever asked why do you make these videos?

0:55.4

Well, I own a portfolio of businesses and we invest in small businesses across the country

1:00.7

and we invest in the infrastructure and technology of the companies that build our small

1:05.6

businesses.

1:06.6

So part of the reason why I am doing these episodes now on Build is so that you may one day partner with us.

1:11.6

Maybe you let us invest in your company.

1:13.6

Maybe we grow alongside you.

1:14.6

Maybe you even sell your company to us.

1:16.6

So I hope you make more money.

1:17.6

I hope you build in your community.

...

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