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The $100 MBA Show

MBA512 Q&A Weekends: How do I get over my fear of raising prices?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 24 January 2016

⏱️ 12 minutes

🧾️ Download transcript

Summary

A lot of people don't feel like raising prices because they think that it's discouraging to customers even though they know they have to raise prices. Remember that pricing is not written in stone. It can always be changed! But how to get past this fear is your hindrance. So hopefully in the next 10 minutes, we'll help you get over this fear! Press play now!

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, welcome to the $100 MBA show.

0:02.0

Today is a Q&A Weekends episode

0:14.3

where we answer your question right here on the show.

0:17.0

If you have a question you want to ask,

0:18.4

make sure you email us at contact at 100 MBA.net or you can send me a tweet on Twitter.

0:24.0

My handles Biz Republic, Biz-I-Z Republic.

0:27.0

As always, I'm your host, your coach, your teacher,

0:30.0

Omar Zenholm.

0:31.0

I'm also the co-founder of the $100 MBA, a complete business training and community online.

0:37.0

Check out our free goodies over at 100MBA.net.

0:41.0

We have a free full video course, We got free guides and of course our great blog post every single week

0:47.4

Today's question comes from William and William asks

0:50.8

How do I get over my fear of raising prices? I know I need to raise prices in my business,

0:57.0

but I'm scared to raise them and customers will run away.

1:00.0

Don't worry, William, I got your back. I'll answer your question in today's

1:04.2

Q&A weekends. It's a very common a lot of people don't like raising prices because

1:08.4

they feel like it's discouraging to customers even though they know they have to raise prices.

1:13.6

I'm going to give you a different argument here and help you get over this fear,

1:17.4

hopefully in the next 10 minutes.

1:19.6

Let's get into it, guys.

1:20.8

Let's get down to business. Today's episode of the Hunter-on-Vier show is sponsored by Earth Class Mail.

1:31.0

Earth Class Mail takes traditional snail Mail and brings it to the cloud, digitizes everything.

...

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