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Real Business Owners

Episode 2: If You're in Demand, Raise Your Rates!

Real Business Owners

Trevor Cowley

Business

4.9713 Ratings

🗓️ 12 June 2019

⏱️ 25 minutes

🧾️ Download transcript

Summary

On this episode, we discuss the pros of evaluating pricing and why you shouldn't discount your services.

Transcript

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0:00.0

Real business owners.

0:03.0

Episode two of real business owners.

0:05.0

It's me, Trevor Cowley, and we've got my partner, Kell Goodman, here.

0:10.0

What's up, everybody?

0:11.0

Today we want to go over the process of, I guess, evaluating the option of raising your prices within

0:20.0

of your business. You know, we've done that with inside of your business. We've done that with inside of our

0:24.0

companies. We've advised some people to do that. They've seen some good results with inside of their

0:29.2

companies. And we want to go over some of the pros, or in other words, some of the benefits that you

0:36.0

will see just by increasing your prices.

0:40.1

Kel, what do you kind of have to add to that?

0:42.6

Yeah.

0:43.1

Yeah, I mean, I know that we've talked about this this morning a little bit.

0:46.2

Yeah, we did.

0:46.8

Yeah, it's perfect timing, man, because like we've had a couple situations recently where

0:51.7

we've seen where that can really benefit people, man.

0:55.0

Like, I was telling you about my cousin a little bit.

0:57.4

So she's, she's in the photography business.

1:00.0

She got into it.

1:00.9

She's super passionate about it.

1:03.1

And now it's become not fun for her.

1:05.9

She's kind of falling out of love with her business because she's been she's been running promotions and, you know,

1:12.2

underpaying herself or undercharging her customers just to build that clientele, which,

...

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