Becoming Entrefied

ENT 63: Business Quality in Correlation with Price

February 12, 2020 Jeff Higdon Episode 63
Becoming Entrefied
ENT 63: Business Quality in Correlation with Price
Chapters
Becoming Entrefied
ENT 63: Business Quality in Correlation with Price
Feb 12, 2020 Episode 63
Jeff Higdon

The higher quality the good, the higher you can charge. Don't take your own word for it, have your product evaluated by outside sources to determine your value so you aren't overcharging. 

Your success is created by adding value to other people’s lives and situations by taking action, challenging possibilities, and making logical choices towards your goals and dreams. 

We’re here to help you create that success.

Recommended Read: Pricing for Profit: How to Command Higher Prices for Your Products and Services

Show Notes Transcript

The higher quality the good, the higher you can charge. Don't take your own word for it, have your product evaluated by outside sources to determine your value so you aren't overcharging. 

Your success is created by adding value to other people’s lives and situations by taking action, challenging possibilities, and making logical choices towards your goals and dreams. 

We’re here to help you create that success.

Recommended Read: Pricing for Profit: How to Command Higher Prices for Your Products and Services

Support the show (https://podcast.entrefied.com/gift)

speaker 0:   0:00
Are you ready to be entre Vied? Let's break free of the life we're told to live, create freedom and well, by adding value to others live, challenge traditions, challenge authority and get onto ified. Hey, guys, this is Jeff with entre fied, and I'm gonna be talking about some amazing things today. I hope you can stick around and enjoy some of the value. As I hope you're getting a lot of information from this. It'll help. You wanna go ahead and get started today. One of the things that you need to do and pretty much any business that you're in is make sure you're providing good quality. You're doing it in a manner that is cheap as faras value. It offers a lot of value at a really good price. If you can do those two things, it's really important. The next thing is is also make sure that the what area that your end has a demand that has enough to support you. You know, if you need to be supported financially, 100% in that particular expertise, whether it be a service or whether it be products that you're offering when you may offer many. Service is not just one service, but what I'm trying to say is Make sure you offer great quality, and what you got and you offer it is a really competitive price. But, you know, I mentioned before that what you need to find out is what differentiates you from your competition, and it's super important. So make sure you're offering a great value. You're doing it at a reasonable price, and you have some sort of competitive age that is super important. Here's something else that you can think about for a moment talking about your business, whether it be a service or product. Have you ever thought about what could you do? Different? I mentioned differentiating yourself from the competition, but what are some things that you can continue ALS you can come up with? That would make you different. That wouldn't make you stand out. You know, those were some things that you can think about ever so often. What could you do that would make you better? Uh, that make you stick out? And you know, I said, differentiate yourself, you know earlier. But what would be an added value that you could add to your business, you know? And are you adding the best value that you can? You need to reevaluate that every so often to make sure that you're still relevant. You know, in a changing economy and a changing world all of the time, you know, you need to make sure you're still relevant. So what is it that people your customers are looking for? And that's one point that you can write down. What is your customers looking for? You know, I mean, are they looking for you? Are they looking for something? And one of your competitors, You know that you're not just being honest with yourself. Hi. This is what they're really looking for. My competitors really offering and providing a great service here. Are you really being honest with yourself that hey, logically speaking, you know, I don't know if I have all of this together. Maybe I should go and look and see how I can make a better product, make a better service. Um, if you're in the service line business. But guys, you need to be honest with yourself when you're dealing with things, don't look at things and think Well, you know, they just get lucky. You just have to look at it from the point of view. What one person can do. Another person can do what you need to find out what works in your market in your area and be honest with yourself and start looking at the things that you need to look at it. Start getting Maur information. That's another point own. Own your subject matter, you know, and talking with people making contacts. You know you don't have to be the smartest guy in the room. I know a lot of people may feel you had to be the smartest person in room, sometimes the smartest person room, maybe the person that asked the question to somebody else. So look at it from the standpoint of what can I learn? That's the next point. What can I learn from other people that's already doing things, you know. And here's also another thing that you can consider. You can make a competitors, or you can make a friend. If you treat the relationship like a friend, you may wind up having a friend, but if you treat the relationship is the competitors, you may always be on the outside when you could have been in on the inside. Guys, I hope you get something from this and have got something from this and that. You've got great value from this podcast. I hope to see you next time. Well, bye.