Mar 9, 2023
The New Wave Podcast: Daily Conversations On Web3.0,
Business, Psychology, Psychedelics & More. A Show For People
Seeking Spiritual, Psychological And Financial Sovereignty. Hosted
By Best-Selling Author, Speaker and Entrepreneur Daniel
DiPiazza.
Why don’t consultants price themselves correctly?
Don’t understand that great marketing cannot save bad economics.
Most entrepreneurs think they will be happy with an influx of customers, but do not realise that sales volume and profit margins are not correlated. We’ve been conditioned with venture capital and social media to believe that the primary goal of a business should be to sell as many units as possible.
What most don’t understand is that you can actually sell yourself into a hole — and even bankrupt your company by selling too much volume with the wrong economics.
If you ask most coaches or consultants why they set
their prices at the rates they do, 90% of them cannot give you a
good reason.
In this episode, Daniel breaks down strategies for pricing your
services as a small to medium-size service provider, coach,
consultant. Find out why you should be profitable from the get-go
and why Apple rarely offers discounts!
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⌛Timestamps⌛
(02:11) Most people don't price their services
correctly
(10:23) The lowest you can charge is zero. There
is no limit on the highest amount you can charge
(12:56) Your 3 roles within your own business: the
provier of the service, the owner of the business, and the investor
in the business
(16:56) Are you projecting onto your customers
your subjective view of what seems to be the correct amount to
pay?
(25:19) Focus on being perceived by value, not
price
(29:26) Discounts can work, but don't rely on them
as a long-term business strategy
Discounts tend to attract lower-quality customers.
(36:45) Try and be profitable on the front-end, do
not run at a loss for too long
(42:44) Daniel breaks down some discount tactics
if you do decie to use them
(50:45) Every business is different, but also the
same
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📌 How To Make $10,000 - $20,000 Per Month Using Only
Your Brain & A Laptop So That You Can Thrive (Not Just Survive)
Even If The Economy Is Burning In Hell
Get on the waitlist HERE > https://www.danieldipiazza.com/waitlist/
📕 The True Artifact 33 Lessons on Creativity, Purpose,
Life and Love https://www.thetrueartifact.com/
| OUT NOW!
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🌊 Connect with Daniel 🌊
Access free guides and get early notifications on exclusive
drops:
http://www.NewWaveEntrepreneur.com
YouTube: https://www.youtube.com/danieldipiazzatv
Tik Tok: https://www.tiktok.com/@danieldipiazza
IG: https://www.instagram.com/danieldipiazza/
Twitter: https://twitter.com/Rich20Something
My VIP group via SMS (for exclusive drops): https://superphone.io/f/11kmu1ar
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💡Review and subscribe! 💡
Like this show? Please leave a review
here. Even one sentence helps! Consider leaving your Twitter
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🎤 Want your question featured on one of our weekly Q&A
episodes? 🎤
Email me at Daniel@NewWaveEntrepreneur.com.
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❗Disclaimers ❗
None of the contents of this show should be taken as
financial or legal advice. The New Wave Entrepreneur is educational
and entertainment content only. Remember: always DYOR!
Podcast production by Everglade Media.