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Dan Lok Show

How To Set More Profitable Prices

Dan Lok Show

Dan Lok

Careers, Management, Entrepreneurship, Business

4.8826 Ratings

🗓️ 9 May 2019

⏱️ 14 minutes

🧾️ Download transcript

Summary

How high is too high?

What’s the most you can charge before a prospect won’t buy? Those are the questions on a business owner’s mind. But the issue here is not why you should charge higher prices, but why your limited beliefs about money are holding you back.

What I’m going to give you are strategies for setting more profitable prices so that tomorrow when you go back to your business, you can increase your prices.
Set Prices Based On Value

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Show notes and free resources
https://danlokshow.com/

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, this is Dan Lockett.

0:07.0

Welcome.

0:09.0

Dan has been educating and inspiring individuals, entrepreneurs and leaders for decades.

0:18.0

He's helped millions of people to move past the mental barriers that were holding them back

0:24.5

from stepping into their power to become a better version of themselves and live a kick-ass life.

0:32.3

I know this firsthand as I'm Jenny, Dan's wife.

0:43.3

And here's your host, Dan Locke. How are you setting your prices? Are you charging by the hour? Are you charging by the project or by the value you

0:49.2

provide? Today, Dan shares how to strategically set your prices and instantly become more profitable.

0:55.8

Now, here's your host, Dan Locke.

0:59.3

Why am I spending a lot of time? Basically, I'm trying to convince you.

1:03.6

I'm trying to sell you on the idea why you charge higher prices.

1:06.9

Because most of the time it's not strategy. It's just limiting belief.

1:11.8

Okay? It's because if you want to, tomorrow,

1:15.2

you go back to your business,

1:16.7

you could you increase your prices yes or now?

1:19.7

You could.

1:21.0

It takes you a second to do it.

1:24.2

But it takes a lot of convincing

1:26.9

for you to be comfortable doing it.

1:28.3

That's why I'm spending the first chunk just to see,

1:31.3

okay, how high is high?

1:33.3

How much could you actually charge?

...

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