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Getting to the Bottom Line: Conversations to help business owners maximize revenue, profit, and cash flow
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Know your Price or Pay the Price with The Price Whisperer
Manage episode 433019417 series 3576235
Konten disediakan oleh Stephanie Smith. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Stephanie Smith atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Unlock the secrets of pricing strategies that can revolutionize your business's profitability with insights from Per, the Price Whisperer. Join me, Stephanie Smith, owner of New Light Financial Solutions, as we discuss the hidden power of minor pricing adjustments. You'll discover how a mere 1% increase in prices or reduction in discounting can yield an astounding 11.3% rise in profitability. This episode will guide you through the strategic nuances of pricing, revealing how even small changes can significantly enhance your revenue, profit, and cash flow, ensuring your business’s long-term success.
From large corporations to small consulting firms, strategic pricing is a game-changer. Learn how a holistic approach incorporating marketing, positioning, and customer targeting can unlock unprecedented profitability. Hear compelling real-world examples, like a SaaS startup that quadrupled its prices to attract premium clients. We also delve into the common pitfalls for startups, such as underpricing and arbitrary pricing decisions, and offer practical tips for conducting direct research with potential buyers. Don’t miss this episode filled with actionable insights designed to help you master your pricing strategy and boost your profitability.
To learn more about my guest, Per "The Price Whisperer" Sjofors, visit him online at https://sjofors.com
We want to hear from you! Send us a message.
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My name is Stephanie Smith, owner of New Light Financial Solutions, and we help business owners walk the one clear path to generating more cash in their business. To learn more, visit us online at https://newlightfs.com/
Sign up for our newsletter for more great tips on how to keep the cash flowing in your business: https://newlightfs.com/newsletter/
Need help generating more cash in your business? Book a right fit call with us today: https://newlightfs.com/rightfit
Chapter
1. Impact of Pricing on Profitability (00:00:00)
2. The Impact of Pricing Strategies (00:10:30)
3. Pricing Strategy Development for Startups (00:21:36)
35 episode
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