How to Pick The Ideal Price | Ep. #1143

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 17 September 2019

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode #1143, we help you think about how to pick the ideal price! We cover customized pricing models, calculators, pricing according to value, adjusting prices over time, and more! Tune in to hear how you can boost your sales with the number one leveraging tool at your disposal. TIME-STAMPED SHOW NOTES: [00:25] Today’s topic: How to Pick the Ideal Price. [00:55] A customized pricing model for high-end products and services. [01:15] Using a pricing calculator to pitch your business at the right level. [02:32] Starting from the foundation of value and how to have these conversations. [03:24] Adjusting your price as your services or products grow and evolve. [03:46] Existing services and products can diminish in value over time. [04:15] Avoiding under-pricing your business and the appearance of trust. [06:03] There you have it! [06:09] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information. Links Mentioned in Today’s Episode: CrazyEgg Product Habits ProfitWell Pricing Creativity Diamond Foundry Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Neilpatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Welcome to Marketing School, the only podcast that provides daily top-level marketing tips and strategies from entrepreneurs that practice what they preach and live what they teach.
0:11.5	Let's start leveling up your marketing knowledge with your
0:14.3	instructors Neil Patel and Eric Sue.
0:19.2	All right guys before we start we got a special message from our sponsor.
0:24.0	If you want to rank higher on Google,
0:25.9	you got to look at your page speed time.
0:28.5	The faster your website loads, the better off you are.
0:31.3	With Google's core vital update,
0:33.0	that makes it super, super important
0:34.8	to optimize your site for low time.
0:37.6	And one easy way to do it is use the host
0:40.0	that Eric and I use, Dreamhost.
0:42.0	So just go to Dream Host or Google it.
0:44.8	Find it, check it out, and it's a great way
0:47.0	to improve your load time.
0:50.9	Welcome to another episode of Marketing school. I'm Eric Sue and I'm Neil Patel and today
0:56.2	we're going to talk about how to pick the ideal price. So pricing is we've talked
1:01.5	about this in the past how it is the number one the highest leverage lever
1:05.6	that you can pull so the question is how do you pick the most ideal price so Neil I mean you've done
1:12.1	this a lot when I look at you know crazy
1:13.6	egg when I look at the other products that you've built you always seem to have
1:16.7	different pricing around it so how do you think about pricing in general because
	...

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