Pricing and Profit: Knowing When and How to Raise Your Pricing
Listen now
Description
Do you worry that if your prices are too high and that no one will buy from you or that your current customers will abandon you?    Or do you fear being perceived as too expensive, or that you or your product are not worthy of value?     Price drives perception in the marketplace and price drives perception of value.    Today, I’m diving into pricing and profit and knowing when to raise your prices and how to do it in a way that feels comfortable for your business and for your brand.    And how to do it in a way where you're not just throwing darts at a dart board and thinking, “I hope this price works for my product.”    So, if you are ready to understand the strategy of pricing your product offering and how and when to raise your pricing then this episode is for you!    Episode Highlights:    Challenges of pricing and profit for entrepreneurs  Strategic pricing and the impact it can have on your business  Consumer mindset when it comes to pricing and perceived value  Knowing when to raise your pricing  What happened when one boutique store 10x their prices  Strategies for maximizing profitability       Don’t Forget to Download my Free Resource List for Entrepreneurs! -https://hi.switchy.io/resourcelist Interested in joining the She Sells Differently Coaching Community? She Sells Differently is the membership coaching community for ambitious women entrepreneurs ready to break free from the fear of selling by embracing counter-cultural business tools and strategies to build thriving online businesses. Click the link below to join the waitlist and be the first to know when the doors open next! https://andeehart.com/membership Connect with me: https://andeehart.com Instagram - https://www.instagram.com/shesellsdifferently LinkedIn - https://www.linkedin.com/in/andeehart Email – [email protected]
More Episodes
Send us a textAre you Faire sales feeling stagnant? Today, I am coaching Lucas Hill of LH Mercantile through optimizing his Faire wholesale site. Lucas Hill is the owner of LH Mercantile. Lucas started his business with one product —t-shirts — but quickly realized his true passion was home...
Published 10/30/24
Send us a textAre you struggling to make the leap from direct-to-consumer sales to wholesaling your products to retailers? The challenge with this transition is that your wholesale product collection should look and feel a little different because you should be curating your collection with the...
Published 10/23/24