7 PRICING STRATEGIES - HOW TO PRICE A PRODUCT 1. Price To Your Competition 0:51 2. Price To Pay The Bills 2:30 3. Price To Time 3:55 4. Price To Cost Plus 6:47 5. Price To The Package 10:26 6. Price To Positioning 13:38 7. Price To Value 15:40
You're an inspiration Dan. The story about how you struggled with learning English in Canada as a student inspired me. Now you speak with such fluency... I have a lot of respect for you because of that aside from being a great mentor. I say this because as an American living in Japan trying to start my own business here, I have a very steep uphill battle to fight against... it's already challenging to do business in a language you can understand but now as a second language, it takes a massive amount of focus, patience and effort. It's beyond challenging however not impossible. So much to learn! Thank you for the free value you bring for aspiring business men and women. Cheers!
Very well explained! I do a combination in my IT business, have Hourly, Service Level Agreements, and often price to the value of the job. I wish I could measure their productivity gain just because things run better, and price on that! The biggest improvements I have made is making my service contracts monthly with no end date, and getting quarterly in the pockets of clients who only call me 2x/yr. with remote management and monitoring per machine. I get them to do that by only offering my fastest cheapest service with the RMM tool.
Price to your competition Price to pay the bill Price to time Price to cost plus Price to packages Price to positioning Price to value. This is an eye-opener for me. I keep learning every time I click your videos. I'm ready to put them to use. Thank you 😊.
My daughter's business she's using break even I was tlling her to do price positioning, Thanks a lot now wrote down some notes and showed her the video. We both agreed on price positioning. Thanks Dan
Thank you, Mr Dan ! Today, I CLOSED my 4 YEAR retainer deal with a client that worth SGD1.8 million ! Thank you for your sharing your pricing techniques !!!
i do art Commissions, and i think my prices are low but tho am still not getting orders, but I think after watching this Video I will eventually get some
10 Years Making Websites, and just in the past 2 years, it seems like I have finally found the niche pricing model that works for me. Price to value wins every single time. If I have the opportunity to present my numbers to 10 clients. 8 times out of 8 the deal closes; AS LONG as I have the right client.
Knowing your customers affordability rather than your worth demand is what matters most. That's how most Chinese excell more in business because affordability is the key. Not the value of the product. High valued products often left unsold on markets or ignored if it is too costly or a bit high. Public selling is the key. Not the brand.
I have declared Sir. Dan Lok as my sifu. I promise to be committed to my dream business and making sure it comes true! Thanks, sifu for all your advice. My confidence and positivity came from you.
I sell phones for a living and at a prepaid level. Our store only makes money off accessories and service plans. So it is always important to find the right fit. The biggest thing that helped me literally climb to the top of the power ranker in my whole company is having the cost up front. I would have an accessory bundle perfect fit for the phone I had in mind and cost of service all up front. I stopped the objection before it even happened. Now time to time I will have a customer say, "no that is to much." I will then recustomize the accessory bundle to fit their price or give them reason as to why the price is what it is to give value to what they are buying. Prepaid sales are way harder than contract sales. But I found this way that works with ease!
Hey Dan.I recently completed your survey and my high income skill is copywriting.I watched the video got your book,audio book and watched the other video. I’m only 14 years old but I’m determined to develop my high income skill. Thank you.
Thanks Dan... I’m assessing how to price my line of women’s wear that I make myself. I’ve decided I will scaffold my prices with entry level skirts that are not as detailed and finished as well or made from as a high a quality denim as my higher priced items so that I can allow the customer to see the VALUE in the QUALITY of what I do. This is a very difficult area for designers and makers like me. You have helped a lot. I am seeking long term clients who come to me for quality but I need to move product at the same time. So having a VARIETY of prices is probably the best start. I hope!!
Im a face and body Painter Price to value is where Id like to be but i was stuck on priced per hr But continuing to watch your videos have gotten me to starting to upgrade my thinking of my offering thank you Mr Dan Lok
I sell books (my own translations), and I price to the package. For example, one book has 1,200 pages, in two parts, with 38 chapters. I sell it whole, in two parts, and by chapter (sometimes, if two or three chapters are related, I'll sell them as a package). Another book is a series of shorter books. I sell the book whole as well as by series. I get good results, and can price way below cost, because I sell the books as e-books and use Amazon as my platform. It is the only way I can generate consistent royalties. I also only translate material that is in the public domain.
We use positioning and value pricing for our services. The value of our program is worth much more than the price our clients pay. We are a family addiction recovery program. Thank you for your video.
Dan is unbelievably selfless with knowledge. It's so easily to trust and buy his ideas which I really think are always facts. Price to value works for me
This is one of the most important and info abundant video on the channel. Wow it’s so well done! I understand a little more about what’s best for pricing but what’s for sure is results pricing is best
Congratulations, thank you for such wonderful advice. It was a pleasure to take the time to listen to you. I would recommend everyone to stay until the end, you will get a lot of useful information. Looking forward to the next listen!
1.price to your competition; 2.Price to pay the bills (break even strategy); 3..Price to time; 4.price to cost; 5.Price for Package; 6.Price to positioning; 7.Price to value.
Hello Dan. This has been a very informative 20 minute video. This is what I learned. For the last month, I have been creating pixelated NFT murals for people who want to see their digital assets in real life. Since I am entering a new market, the Price to Pay the Bills method has allowed me to test the waters, and perfect my craft. However, this video helped me realize that the focus of this method is to acquire more customers while breaking even. All of the profits is going to come from the follow up offers. Thank you for opening my eyes, and I hope to build enough steady growth to move to more success!
I’m an interior designer and I price per hour usually through a retainer and then cost plus on furniture. I’m also a custom home builder and that’s cost plus.
je suis eblouie par votre maniere d'expliquer les choses et par votre savoir ! j'ai vraiment eu du plaisir en regardant la video tres tres interessante et enrichissante , j'ai parcouru des centaines de videos mais vous etes vraiment unique ! tout mon respect et vraiment merci merci merci infiniment
I like this guy because I personally also like results and believe people should only pay for wanted not 5 hours of working at half speed to charge more.
In the “price to Value” strategy #7, how to you make sure that your client is being honest and transparent regarding how much value they are getting? How do you make sure they give the actual numbers?
You can't know the actual numbers unless they are willing to share with you. My advice is approach them in a different angle so they can reveal the truth effortlessly. I advice the same to my followers and even applied myself and it works like a charm. Good luck
Working for a food ingredients company, it is mostly a commodity business. Generally I do not like to discount unless it is significant volume involved where competitor is using a breakeven pricing strategy to get into a market and we are forced to defend market share by reducing profit margins. It's all about knowing your customer and the market
I knew immediately my books were worth more when Dan showed interest in them. l forgot to charge for originality, quality amongst other things. Thank you Dan.
The problem with the price to value model I find is that sometimes it's hard to isolate and quantify the value you generated as external factors affects the growth of the company such as seasonal fluctuation, trends, macro-economy, etc
Mesmerize as always. Would love to know, when you’re “the middle man”, according to you’re experience, what would be the best way to prevent you got cut out from the loop of those market? Thank you
I love this pricing tutorial. #Pricing. I think the 'Price To Package' would work best if you are providing a service that doesn't cost a lot of initial capital such as well development where you mostly spend your time and effort. Or even business planning. You don't need initial costs, you only get profit from the client as all that payment becomes profit due to less initial costs on the project. Who's with me‽ I also like the price to positioning because then you're able to various down your target market and drive them only one stream down the valley which leads only to you ❤️❤️🔥🥵
Rather than thinking about pricing strategies it's more about "What is my business model?", right? Because your pricing strategy shows your business model and that leads you to how to build your funnels
Exceptional advice, I have been wondering how I will judge my clients and today I can say my prayer have answered .Dan , what advice do you have for startups looking for a support network ? This is Ronald Oriku watching live from Kenya .
Reconnect with university, college and/or high school classmates(alumni) by letting them know what you are up to and what you have accomplished or plan to accomplish in your business. Join a Professional organization in your field. You will find an established network of professionals who meet annually.
price to value is the most pragmatic and realistic way for many cases and also for many products price to package is great that's Netflix and apple one in a nutshell.
I have this problem in my tiny product selling. I process the product even In a more package style that my competition don't do but yet after adding these cost including labour( I labour my self) +my margin as the producer. Customer says it expensive in comparison to others. But I did it in completely different way
I was told to price my product say Cost $100 x 2.5 = $ 250 in order to able to market the product in newspapers, magazines, etc... #5 in pricing strategies. What do you think. My product wasn't a commodity product until now. Thank you for responding
0:00 Price to your competition. 2:32 Price to pay the bills. 3:57 Price to time. 6:47 Price to cost plus. 10:27 Price to the package. 13:38 Price to positioning. 15:42 Price to value.
I'm very lucky enough to get you in my life journey. Before I see you i was going through the alux. Com vedios. And now I know you're the extremely great mentor which i need in my journey. Now I'm going through all your vedios. Your all vedios are extremely previous for me. Love you a lot Dan.
Hey Dan, Thanks for sharing such fruitful information, I knew one the pricing way which is pricing through positioning and the pricing through time, not the rest.
Base on the current pandemic situation right now, im more comfortable with using the Price to your competition. Most sellers here have the same products to offer. So the buyer would mostly prefer to the seller whom they think they knw and offers much cheaper cost. I found your videos very useful. As a first timer, it helps me a lot to be more knowledgeable in putting myself and my business into correct position. Would u recomend me tips on how make my product more enticing than the other similar products? I would love to hear anything from you. Thank you in advance for sharing. May God bless you more. 🙏
Great Input Dan. I always set the price higher then my competitors and that works very well. But everything needs to be aligned to charge a higher price. That is one of my success factors by selling on Amazon FBA.
This is similar to how I consume goods. Your favorite model is how I live out of my own pocket. For example, now this is not a successful outcome or is it. Once I emailed Billabong and O’Neill to request they make me a wetsuit for surfing that looks like the comic of Aquaman. I offered to pay $1,200 on top of the cost of the material and labor. Nobody came back with a yes but I was not willing to go higher because this would now be outside of my value scope or limit lines and perhaps they saw it the same way.
Dan Lok is the best content creator for online entrepreneurs! I was inspired a lot by him and allowed me to earn my living from online income! Thank you!
Dan, thank u so much! I Watched ur videos all summer and i started my bussines, but it's not going planed😏 Im 16 yo now and i hope my bussines will sucesed, i need to make 4 costumers to keep bussines alive😁
The problem I notice from clients as a contractor, is that they themselves should be the ones to offer up a better deal when it comes to negotiation. If I charge you say 20k for a complete remodel of your home, you don’t say “can you do it for less” you say “what’s the charge if I pay you in cash”? Because at that point you the client don’t make the contractor feel less of a businessman for wanting something cheap! Anyone can get things for the right money, but not everyone knows how to negotiate. The same thing when buying a car. I was able to get a 25k brand new car for about 17k and all I did was offer 10k in cold hard cash! Theirs a reason that there’s a saying “money talks”
All of your videos are so helpful. I love them. There is just one thing: won’t paying a bonus to someone for doing something cheaply and quickly just cause them to cut corners in terms of time and materials just to get the bonus? Yes they made the project cheaply and quickly, but you end up with a substandard, terrible product. Surely that isn’t something you want. How can you avoid this happening using that pricing strategy?
Your teaching has helped me tremendously. Im on the final stages of launching my business. I like to thank you. Some day i hope we can have dinner so i can shake your hand and thank you personally.
7 PRICING STRATEGIES - HOW TO PRICE A PRODUCT
1. Price To Your Competition 0:51
2. Price To Pay The Bills 2:30
3. Price To Time 3:55
4. Price To Cost Plus 6:47
5. Price To The Package 10:26
6. Price To Positioning 13:38
7. Price To Value 15:40
Thank u soooo much
😂😂😂😂😂💃👏👏👏💪😂😂😂yup I came right to the comments for people like you that don't have patience😂😂😂👏Millennial$
Thank you
Thank u
thank you so much
This is so precious to all entrepreneurs out there! Working smarter rather than exchange time for money!🔥
Agreed! Working smart would save so much more time
The videi os partly not even right. I doubt he has experience.
You're an inspiration Dan. The story about how you struggled with learning English in Canada as a student inspired me. Now you speak with such fluency... I have a lot of respect for you because of that aside from being a great mentor. I say this because as an American living in Japan trying to start my own business here, I have a very steep uphill battle to fight against... it's already challenging to do business in a language you can understand but now as a second language, it takes a massive amount of focus, patience and effort. It's beyond challenging however not impossible. So much to learn! Thank you for the free value you bring for aspiring business men and women. Cheers!
Very well explained! I do a combination in my IT business, have Hourly, Service Level Agreements, and often price to the value of the job. I wish I could measure their productivity gain just because things run better, and price on that! The biggest improvements I have made is making my service contracts monthly with no end date, and getting quarterly in the pockets of clients who only call me 2x/yr. with remote management and monitoring per machine. I get them to do that by only offering my fastest cheapest service with the RMM tool.
Price to your competition
Price to pay the bill
Price to time
Price to cost plus
Price to packages
Price to positioning
Price to value.
This is an eye-opener for me.
I keep learning every time I click your videos.
I'm ready to put them to use.
Thank you 😊.
My daughter's business she's using break even I was tlling her to do price positioning, Thanks a lot now wrote down some notes and showed her the video. We both agreed on price positioning. Thanks Dan
Thank you, Mr Dan ! Today, I CLOSED my 4 YEAR retainer deal with a client that worth SGD1.8 million ! Thank you for your sharing your pricing techniques !!!
Proud Of You 💛 you are a champion
Which strategy did you use?
i do art Commissions, and i think my prices are low but tho am still not getting orders, but I think after watching this Video I will eventually get some
You will get orders, just continue being creative. I wish you the best.
I love strategy 7 - is so good for both sides.
Price to value is the best !
Price to value, I`ve applied this to all my eBooks now. Golden nugget from Dan.
I am using a mix of priced to time with price to package. Still improving my pricing stratgy and this video helped alot.
10 Years Making Websites, and just in the past 2 years, it seems like I have finally found the niche pricing model that works for me. Price to value wins every single time. If I have the opportunity to present my numbers to 10 clients. 8 times out of 8 the deal closes; AS LONG as I have the right client.
*Never underrate what your worth is, you deserve the most you can make.*
Knowing your customers affordability rather than your worth demand is what matters most. That's how most Chinese excell more in business because affordability is the key. Not the value of the product. High valued products often left unsold on markets or ignored if it is too costly or a bit high. Public selling is the key. Not the brand.
MGTOW Rubicon I disagree
jeckieboy alfmac I disagree with you as well
I agree with you but there are additions to this statement that make it ironclad
Generously given priceless advice. Great stuff Dan. May heavens open more of the gates of knowledge for you to impart.
I have declared Sir. Dan Lok as my sifu. I promise to be committed to my dream business and making sure it comes true! Thanks, sifu for all your advice. My confidence and positivity came from you.
Thanks a lot @Dan Lok ! I'm listening and learning from your videos, all the way from Tanzania ( East Africa ) ! I'm learning a lot every single day !
I sell phones for a living and at a prepaid level. Our store only makes money off accessories and service plans. So it is always important to find the right fit. The biggest thing that helped me literally climb to the top of the power ranker in my whole company is having the cost up front. I would have an accessory bundle perfect fit for the phone I had in mind and cost of service all up front. I stopped the objection before it even happened. Now time to time I will have a customer say, "no that is to much." I will then recustomize the accessory bundle to fit their price or give them reason as to why the price is what it is to give value to what they are buying.
Prepaid sales are way harder than contract sales. But I found this way that works with ease!
Hey Dan.I recently completed your survey and my high income skill is copywriting.I watched the video got your book,audio book and watched the other video. I’m only 14 years old but I’m determined to develop my high income skill. Thank you.
14 years old! Awesome! So what are your next steps now? How will you start to develop your High-Income Skill?
Kyle Gelasio Right now I’m trying to understand more about copywriting.Ive been watching some videos about it.And reading about it.
DailyVic Awesome bro! Keep it up! Check my bio and connect with me man! I wanna send you something
This video is so visually stimulating🔥
Thanks Dan... I’m assessing how to price my line of women’s wear that I make myself. I’ve decided I will scaffold my prices with entry level skirts that are not as detailed and finished as well or made from as a high a quality denim as my higher priced items so that I can allow the customer to see the VALUE in the QUALITY of what I do. This is a very difficult area for designers and makers like me. You have helped a lot. I am seeking long term clients who come to me for quality but I need to move product at the same time. So having a VARIETY of prices is probably the best start. I hope!!
Dan is the man,
Always dropping value bombs🔥
@Mei Huisi What does that mean? Can you explain?
Hahaha so true! Always providing so much value
Thanks man. You've outdone yourself again. Appreciate it.
Im a face and body Painter Price to value is where Id like to be but i was stuck on priced per hr But continuing to watch your videos have gotten me to starting to upgrade my thinking of my offering thank you Mr Dan Lok
I just priced this video at a $1000. helpful video Dan thank you!
Great vid Dan! I started with the hourly pricing value back in 2017 and worked my way up to the results pricing value.
I sell books (my own translations), and I price to the package. For example, one book has 1,200 pages, in two parts, with 38 chapters. I sell it whole, in two parts, and by chapter (sometimes, if two or three chapters are related, I'll sell them as a package). Another book is a series of shorter books. I sell the book whole as well as by series. I get good results, and can price way below cost, because I sell the books as e-books and use Amazon as my platform. It is the only way I can generate consistent royalties. I also only translate material that is in the public domain.
We use positioning and value pricing for our services. The value of our program is worth much more than the price our clients pay.
We are a family addiction recovery program.
Thank you for your video.
I love it you are a beast I really appreciate the value and that is the key to sales its pricing, let's make that money!!!
Dan is unbelievably selfless with knowledge. It's so easily to trust and buy his ideas which I really think are always facts. Price to value works for me
I always have the time to watch your videos. It's really worth my time Dan !
Thank you so much
This is one of the most important and info abundant video on the channel. Wow it’s so well done! I understand a little more about what’s best for pricing but what’s for sure is results pricing is best
I love the suit, it suits you. Thank you for your sublime coaching. (If someone feels stuck in business, this teacher is your answer.)
Always great videos and tips Dan. Thanks for taking your time to teach us.
You will always be my mentor
Thanks for sharing your experience with us 😊
This is gold.
You want to deliver value as much and fast as you can. This is the main goal to accoplish on every scenario.
Thanks for the valuable lesson 🙏
Congratulations, thank you for such wonderful advice. It was a pleasure to take the time to listen to you. I would recommend everyone to stay until the end, you will get a lot of useful information.
Looking forward to the next listen!
1.price to your competition;
2.Price to pay the bills (break even strategy);
3..Price to time;
4.price to cost;
5.Price for Package;
6.Price to positioning;
7.Price to value.
Hello Dan. This has been a very informative 20 minute video. This is what I learned.
For the last month, I have been creating pixelated NFT murals for people who want to see their digital assets in real life. Since I am entering a new market, the Price to Pay the Bills method has allowed me to test the waters, and perfect my craft. However, this video helped me realize that the focus of this method is to acquire more customers while breaking even. All of the profits is going to come from the follow up offers. Thank you for opening my eyes, and I hope to build enough steady growth to move to more success!
Im so turning out to be like dan lok he inspires me a lot dam i will have to follow all his advice 🙏🏾✨✨✨✨
Me too im running to his advice ❤ asap
Same as me
So I've been applying these strategies without knowing how they're called. 😃 Thanks Dan 🤝
😂😂😂✌️
I’m an interior designer and I price per hour usually through a retainer and then cost plus on furniture. I’m also a custom home builder and that’s cost plus.
Do your thing gal😍💯
I learn more here than from my marketing textbooks and professor
je suis eblouie par votre maniere d'expliquer les choses et par votre savoir ! j'ai vraiment eu du plaisir en regardant la video tres tres interessante et enrichissante , j'ai parcouru des centaines de videos mais vous etes vraiment unique ! tout mon respect et vraiment merci merci merci infiniment
I like this guy because I personally also like results and believe people should only pay for wanted not 5 hours of working at half speed to charge more.
Hey Mr. Dan thank you for the works you are doing its really grooming my business mind from day to day.
In the “price to Value” strategy #7, how to you make sure that your client is being honest and transparent regarding how much value they are getting? How do you make sure they give the actual numbers?
yeah,, i will also ask about this.....
how we know exact result that the client get...
You can't know the actual numbers unless they are willing to share with you. My advice is approach them in a different angle so they can reveal the truth effortlessly. I advice the same to my followers and even applied myself and it works like a charm. Good luck
Working for a food ingredients company, it is mostly a commodity business. Generally I do not like to discount unless it is significant volume involved where competitor is using a breakeven pricing strategy to get into a market and we are forced to defend market share by reducing profit margins. It's all about knowing your customer and the market
I knew immediately my books were worth more when Dan showed interest in them. l forgot to charge for originality, quality amongst other things. Thank you Dan.
I like price to positioning and price to value because this process give me profit and Revenue more.
The problem with the price to value model I find is that sometimes it's hard to isolate and quantify the value you generated as external factors affects the growth of the company such as seasonal fluctuation, trends, macro-economy, etc
I literally just opened RUclips just to look for a video about the topic and what a wonderful surprise Dan has made a video about it.
Dan is the king!! I really learn a lot with you. Awesome awesome.
Thanks so much for the awesome video Dan 🔥 This will definitely help me Grow my Business and Become Wealthy!! Keep it up! 💯💯🙌
This video was exactly what I needed with my business at this point. Cheers Dan.
Dan, you are the man! Thank you for this note!
Great comparison of strategies!!
I'm so lucky to have you in my start up journey. Thanks for the wonderful sharing and tips. Its really helpful for me. Love u Dan.
Mesmerize as always. Would love to know, when you’re “the middle man”, according to you’re experience, what would be the best way to prevent you got cut out from the loop of those market?
Thank you
yes, I am also wondering this.
This was perfect helped tweak my e-commerce business
Well Sifu You uploaded the right video in the right time, thank you very much this video is more than helpful, it's a bless!
I love this pricing tutorial. #Pricing. I think the 'Price To Package' would work best if you are providing a service that doesn't cost a lot of initial capital such as well development where you mostly spend your time and effort. Or even business planning. You don't need initial costs, you only get profit from the client as all that payment becomes profit due to less initial costs on the project. Who's with me‽ I also like the price to positioning because then you're able to various down your target market and drive them only one stream down the valley which leads only to you ❤️❤️🔥🥵
Thanks Dan. Complete solution is more attractive
Mr.Dan you're the best influencer in my dreams,I like your knowledge u do pump in me.
PRICE TO VALUE IS THE CREAM OF ALL OTHER VALUES DISCUSSED-- SUPERB DAN.. !!!
Rather than thinking about pricing strategies it's more about "What is my business model?", right? Because your pricing strategy shows your business model and that leads you to how to build your funnels
The biggest question for me the last 3 months! Thanks Dan.
wat an eye opener! how in d world are u getting only this much views for this masterclass..
Again a usefull explanation! how to you keep up producing these kind of high end video's? kind regards
Because he has actual business EXPERIENCE. That is how he knows so much.
Exceptional advice, I have been wondering how I will judge my clients and today I can say my prayer have answered .Dan , what advice do you have for startups looking for a support network ? This is Ronald Oriku watching live from Kenya .
Reconnect with university, college and/or high school classmates(alumni) by letting them know what you are up to and what you have accomplished or plan to accomplish in your business.
Join a Professional organization in your field. You will find an established network of professionals who meet annually.
thats awesome and smart advice. i like the last one
I love you video sir!
price to value is the most pragmatic and realistic way for many cases and also for many products price to package is great that's Netflix and apple one in a nutshell.
Resources are strongly related to perception. Ex: Cretaceous fossils. Art value $1K+. Mkt value $100.+ . Real value Priceless.
Not acting like greedy. Nor bragging. Nor empathetic. But very realistic!
Loved the package pricing !
I have this problem in my tiny product selling. I process the product even In a more package style that my competition don't do but yet after adding these cost including labour( I labour my self) +my margin as the producer. Customer says it expensive in comparison to others. But I did it in completely different way
I was told to price my product say Cost $100 x 2.5 = $ 250 in order to able to market the product in newspapers, magazines, etc... #5 in pricing strategies. What do you think. My product wasn't a commodity product until now. Thank you for responding
i don't know how many are we in Africa to follow you but Mr Dan know that you have a student follower in West Africa (TOGO)
Haha
@@stomiball889 what is funny there???
Dreamers are everywhere 💥
0:00 Price to your competition.
2:32 Price to pay the bills.
3:57 Price to time.
6:47 Price to cost plus.
10:27 Price to the package.
13:38 Price to positioning.
15:42 Price to value.
I'm very lucky enough to get you in my life journey. Before I see you i was going through the alux. Com vedios. And now I know you're the extremely great mentor which i need in my journey. Now I'm going through all your vedios. Your all vedios are extremely previous for me.
Love you a lot Dan.
Thanks sir
Thanks Dan! Good tips.
Hey Dan,
Thanks for sharing such fruitful information, I knew one the pricing way which is pricing through positioning
and the pricing through time, not the rest.
Base on the current pandemic situation right now, im more comfortable with using the Price to your competition. Most sellers here have the same products to offer. So the buyer would mostly prefer to the seller whom they think they knw and offers much cheaper cost.
I found your videos very useful. As a first timer, it helps me a lot to be more knowledgeable in putting myself and my business into correct position. Would u recomend me tips on how make my product more enticing than the other similar products?
I would love to hear anything from you. Thank you in advance for sharing. May God bless you more. 🙏
I like the strategy that make a my loss is your loss situation
Excellent!
Great Input Dan. I always set the price higher then my competitors and that works very well. But everything needs to be aligned to charge a higher price. That is one of my success factors by selling on Amazon FBA.
How do you deliver or shipped out to costumers?
Carldine Bando that is one of the best things of Amazon FBA - Amazon is handling everything for me.
This is similar to how I consume goods. Your favorite model is how I live out of my own pocket. For example, now this is not a successful outcome or is it. Once I emailed Billabong and O’Neill to request they make me a wetsuit for surfing that looks like the comic of Aquaman. I offered to pay $1,200 on top of the cost of the material and labor. Nobody came back with a yes but I was not willing to go higher because this would now be outside of my value scope or limit lines and perhaps they saw it the same way.
I love this video! Thank you!
Dan Lok is the best content creator for online entrepreneurs! I was inspired a lot by him and allowed me to earn my living from online income! Thank you!
Dan, thank u so much! I Watched ur videos all summer and i started my bussines, but it's not going planed😏 Im 16 yo now and i hope my bussines will sucesed, i need to make 4 costumers to keep bussines alive😁
I love this thanks so much
The problem I notice from clients as a contractor, is that they themselves should be the ones to offer up a better deal when it comes to negotiation. If I charge you say 20k for a complete remodel of your home, you don’t say “can you do it for less” you say “what’s the charge if I pay you in cash”? Because at that point you the client don’t make the contractor feel less of a businessman for wanting something cheap! Anyone can get things for the right money, but not everyone knows how to negotiate. The same thing when buying a car. I was able to get a 25k brand new car for about 17k and all I did was offer 10k in cold hard cash! Theirs a reason that there’s a saying “money talks”
Price to Value is best fit for me. For Digital Marketing Agency.
Price to your competition🔥🔥👌
All of your videos are so helpful. I love them. There is just one thing: won’t paying a bonus to someone for doing something cheaply and quickly just cause them to cut corners in terms of time and materials just to get the bonus? Yes they made the project cheaply and quickly, but you end up with a substandard, terrible product. Surely that isn’t something you want. How can you avoid this happening using that pricing strategy?
Love this detailed video about pricing.. time to replace time for money with value for money!
Your teaching has helped me tremendously. Im on the final stages of launching my business. I like to thank you. Some day i hope we can have dinner so i can shake your hand and thank you personally.
Barry Mcfarrin Good luck brother 👍
Thanks