this post was submitted on 18 Nov 2023
1 points (100.0% liked)
Entrepreneur
0 readers
1 users here now
Rules
- No Personal Attacks - criticism of ideas is allowed, attacking people is not.
- Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
- No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
- Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.
Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Perception of value is tied to the price tag, if you are selling "special " coffee but it's too cheap people will be suspicious of it.
I put my prices up 4 times since I started and I get more sales now than when it was cheaper, same product, same service.
The bottom line is that you can always put the price back down if it doesn't work but if it does then forget about fairly, you are running a business not a charity and you want to attract people who has money and wants to spend it.
Go watch some Hormozi .