SPI 768: Ditch the D Word—"Discounts"
The Smart Passive Income Online Business and Blogging Podcast
Pat Flynn
4.8 • 3.8K Ratings
🗓️ 15 March 2024
⏱️ 16 minutes
🧾️ Download transcript
Summary
#768 We need to talk about pricing. Specifically, we need to discuss how discounts are hurting your business! Don't get me wrong—special offers can work wonders for your sales. So why would we want to remove this tool from our marketing arsenal? Listen in on this session for a behind-the-scenes look at what we're doing at SPI and the cohort-based model that's replaced discounts for us! This has been an incredible business move and a massive boost to our student and community member success rates. Of course, offering products at a lower price point still makes sense in some very specific scenarios. Tune in to also get my thoughts on when to use discounts in your product lifecycle. Don't miss out on this one. Enjoy! Show notes and more at SmartPassiveIncome.com/session768.
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Transcript
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| 0:00.0 | If you're a business owner, there's going to come a point where you need a stronger tech stack to have a clear picture of everything all in one place. |
| 0:06.0 | From startup to enterprise, NetSuite is your one-stop solution. |
| 0:09.5 | Visit NetSuite. |
| 0:11.5 | To download their KPI checklist for free and support this |
| 0:14.1 | podcast too. If you do find yourself buried in manual work or struggling to have a clear |
| 0:17.8 | picture of your business, you should know three numbers. 37,000, 25, and 1, 37,000, that's the number of businesses which have been |
| 0:26.3 | upgraded to NetSuite by Oracle. 25, NetSuite turns 25 years old this year. That's 25 years of helping businesses do more with less. |
| 0:35.1 | Closer books and days, not weeks, and drive down costs. And the number one because |
| 0:39.2 | your business is one of a kind. So you can get a customized solution for all of your KPI's and one efficient |
| 0:44.3 | system with one source of truth. Manage risk, get reliable forecasts, and improve margins. |
| 0:49.6 | Everything you need to grow all in one place. Right now, download NetSuite's popular KPI checklist designed to give you |
| 0:54.5 | consistently excellent performance absolutely free at netsuite.com slash SPI. That's |
| 0:59.1 | NetSuite.com slash SPI to get your own KPI checklist. Netsuite.com. |
| 1:03.4 | S. P. I. |
| 1:06.5 | There was once a time when building a website was a massive undertaking in a huge pain, something |
| 1:10.8 | that you would need to clear your entire schedule for. |
| 1:13.4 | Well, guess what? Those days are over and now you can build a professional sparkling website |
| 1:17.3 | in just seconds thanks to Hostinger. |
| 1:19.6 | In fact, I recently |
| 1:25.0 | when I first started building, and I shared the process on end |
| 1:28.0 | previously when I first started building websites. |
| 1:30.0 | This tool is amazing, and I was using AI to do it. |
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