Value Beats Price

Value Beats Price

By Nick Bradley

Scale Up With Nick Bradley

Monday, 29 November

Many advise that increasing prices can lead to healthier profits, but as Nick discusses in this week's show, the real key to successful growth may lie in the value you provide, rather than the price on your ticket. KEY TAKEAWAYS Many in the start-up phase carry fear along with the excitement, and as a result may set prices lower in order to ensure interest from their client base. Outside perspectives are sometimes invaluable in seeing the gap between your pricing and the value you may be offering. Value based pricing is where you consider the value of what your services will give to your client. Your pricing should be based upon that. If your price is significantly lower than the value being offered, your customer will be less emotionally invested. The less you pay, the less it means to you. BEST MOMENTS 'It's a simple thing to advise, but always an easy thing to execute' 'If you are offering a higher level of value vs what you are charging, then it's easy for someone to say yes' 'If I gave you £10m and you gave me $500,000, would that be an interesting exchange for you?' 'If someone gives me something for free then I don't value it in the same way' VALUABLE RESOURCES Scale Up with Nick Bradley: scaleup.vip/podcast Scale Up Your Business, coaching/consulting: https://suyb.global Join the free Scale Up Your Business community: scaleup.vip/community Take the SUYB Predictable Growth Assessment™, to measure your current business performance and show you where to focus next to get to where you want to be: https://scaleup.vip/PredictableGrowthAssessment   ABOUT THE HOST  Nick Bradley is a renowned entrepreneur, investor, speaker, and business growth expert. His background is growing and scaling Venture Capital and Private Equity backed businesses, across the UK, the US, and further afield. Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars. His “Scale Up Your Business” podcast, which ranked #1 on iTunes’ business charts, has more than 350k downloads in over 130 countries. His mission is to help business founders build valuable businesses and create life-changing exits so they can realise freedom, wealth, and impact.  CONTACT METHOD Nick’s Facebook page: https://scaleup.vip/FB   Nick's Facebook group: scaleup.vip/community Nick’s LinkedIn: https://scaleup.vip/LI   Nick's Instagram: https://scaleup.vip/IG   Scale Up Your Business, coaching/consulting: https://suyb.global We help business founders scale their business to a life-changing exit within 36 months. Please feel free to get in touch if we can assist. See omnystudio.com/listener for privacy information.
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