I answer the crucial question of determining the optimal pricing for commercial spaces. I examine the significance of differentiation in setting prices and the importance of continuous testing to find the sweet spot in the market, and share insights on observing competition, exploring unique selling points, and adapting pricing strategies to suit the specific needs of the target market.
KEY TAKEAWAYS
BEST MOMENTS
"Testing is key. Try different price points and product mixes to find the optimal market point."
"Differentiate your offer to charge a different price. Personality, design, and quality matter."
"Don't follow the market blindly. Be brave, test, and push for the optimal price."
"Scarcity, time-sensitive offers, and FOMO can drive decisions. Use these tools wisely."
"React strategically, gather information, and test again. It's a fun part of the business."
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Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
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