Episode 214: Why We Pay 60$ For A 10$ Steak

Valuetainment

Valuetainment Episodes

Business

4.8 • 1.7K Ratings

🗓️ 20 November 2018

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why are we willing to pay more for something? Are there separators in business that can increase revenues? PBD uses an example to illustrate this point. In the video he will cover 8 points that can get someone to pay sixty dollars for a ten dollar steak. Don't forget to subscribe to Valuetainment http://bit.ly/2aPEwD4 --- Support this podcast: https://podcasters.spotify.com/pod/show/valuetainment/support

Transcript

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0:00.0	30 seconds.
0:01.0	One time for the underdile.
0:04.0	Ignition sequence star.
0:07.0	Let me see you put them up.
0:09.0	Reach the skies, touch the stars up above because it's one time for the underdog one time for the underdog
0:17.0	I'm Patrick made to be a host of a team and today we're going to talk about why
0:20.0	you and I why we pay $60 for a $10 stake.
0:24.2	So one of the things I wrestled with as a CEO of a financial firm
0:26.8	is how do we sustain the level of growth
0:29.4	that we're having as a company where just two years ago
0:31.9	we're doing 500 policies a month then we go
0:33.8	to a thousand policies a month now we're doing 3,300 policies in a month how do I
0:38.2	sustain this and still maintain a good level of customer service and customer experience for everybody.
0:45.0	This is my challenge and by the way I'm greedy. I want both. I want a massive explosive
0:50.0	growth and I want the best customer service experience on the side.
0:53.9	Can you really pull this off?
0:54.9	So what I do to get better in these areas, I have to constantly be in a learning mode.
1:00.2	So the title of this does what?
1:01.8	Why do we pay $60 for a $10 steak? Think about these
1:04.9	restaurants and tell me if you've ever heard of any of these restaurants or you've
1:08.2	been to one of these restaurants. You ever been to mystros? You ever been to SDK, Flemings, 610 Magnolia in Kentucky, I don't know,
1:16.8	La Vitroa out of Colombia, Sparks out of New York, Oya, sushi out of Boston.
	...

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