Pricing Strategies That Keep You Growing 🚀
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Ey up, it’s Mike
A price rise is the most simple and effective way to increase profits.
Easier said than done, right?
With most of us feeling the financial squeeze, I wanted to share some advice and strategies so you can confidently raise your prices.
This one is an 7-minute read 👇
Economic recessions are something we all have to deal with.
When sales drop off, it’s tempting to lower your prices.
Many small business owners are facing the rising costs of living as well as rising costs of doing business. This squeezes them in the middle. One small business owner I spoke to this morning is also thinking of REDUCING his prices to as his customers feel the pinch!
To avoid this, you need to price your products and services correctly.
‘Whinging it’ isn’t a tactic. But I’ll put my hands up ✋
This isn’t something I've always got right.
When we sold Learning Heroes, the new owners raised our annual subscription prices by 45% in the first month.