In episode #685, Eric and Neil discuss pricing. Tune in to hear how you can figure out the right price for your product or service.

TIME-STAMPED SHOW NOTES:
[00:27] Today’s Topic: How Much Should Your Charge For Your Product or Service
[00:40] How does one settle on pricing for a product?
[00:48] Neil completely made it up. There was no logic behind his pricing.
[01:35] If the market for your product is saturated, compare yourself to your competitors.
[01:55] You can charge the same or more if your product is comparable.
[02:20] Make sure you are price-matching or charging just under your competitor’s rates.
[03:35] Price Intelligently is a great resource.
[04:00] @Patio11 is a pricing nerd, who has written great posts about pricing products.
[04:35] As yourself what price is too expensive and what price is so low it would make you question the quality of the product.
[05:12] Crazy Egg has a partner that helps you chart out your rates.
[05:50] Never take advice blindly, always run A/B tests.
[06:51] Pricing is the biggest lever that you can pull.
[07:04] Some companies adjust pricing as often as four times per year.
[07:15] Do your due diligence and go with what seems right.
[07:28] Domo is valued at $2 Million, but there are comparable products that are worthless. Why?
[08:27] That’s it for today!
[08:33] Go to Singlegrain.com/Giveway for a special marketing tool giveaway!

Leave some feedback:
What should we talk about next? Please let us know in the comments below.
Did you enjoy this episode? If so, please leave a short review.

Connect with us:
NeilPatel.com
Quick Sprout
Growth Everywhere
Single Grain
Twitter @neilpatel
Twitter @ericosiu



Learn more about your ad choices. Visit megaphone.fm/adchoices

In episode #685, Eric and Neil discuss pricing. Tune in to hear how you can figure out the right price for your product or service. TIME-STAMPED SHOW NOTES: <ul> <li>[00:27] Today’s Topic: How Much Should Your Charge For Your Product or Service
</li> <li>[00:40] How does one settle on pricing for a product?</li> <li>[00:48] Neil completely made it up. There was no logic behind his pricing.</li> <li>[01:35] If the market for your product is saturated, compare yourself to your competitors.</li> <li>[01:55] You can charge the same or more if your product is comparable.</li> <li>[02:20] Make sure you are price-matching or charging just under your competitor’s rates.</li> <li>[03:35] <a href="https://www.priceintelligently.com/">Price Intelligently</a> is a great resource.</li> <li>[04:00] <a href="https://twitter.com/patio11">@Patio11</a> is a pricing nerd, who has written great posts about pricing products.</li> <li>[04:35] As yourself what price is too expensive and what price is so low it would make you question the quality of the product.</li> <li>[05:12] <a href="https://www.crazyegg.com/">Crazy Egg</a> has a partner that helps you chart out your rates.</li> <li>[05:50] Never take advice blindly, always run A/B tests.</li> <li>[06:51] Pricing is the biggest lever that you can pull.</li> <li>[07:04] Some companies adjust pricing as often as four times per year.</li> <li>[07:15] Do your due diligence and go with what seems right.</li> <li>[07:28] <a href="https://www.domo.com/">Domo</a> is valued at $2 Million, but there are comparable products that are worthless. Why?</li> <li>[08:27] That’s it for today!</li> <li>[08:33] Go to <a href="http://www.singlegrain.com/giveaway">Singlegrain.com/Giveway</a> for a special marketing tool giveaway!</li> </ul> Leave some feedback: <ul> <li>What should we talk about next? Please let us know in the comments below.</li> <li>Did you enjoy this episode? If so, please leave a short review.</li> </ul> Connect with us: <ul> <li><a href="http://neilpatel.com/">NeilPatel.com</a></li> <li><a href="https://www.quicksprout.com/">Quick Sprout</a></li> <li><a href="http://growtheverywhere.com/">Growth Everywhere</a></li> <li><a href="http://www.singlegrain.com/">Single Grain</a></li> <li><a href="https://twitter.com/neilpatel">Twitter @neilpatel</a></li> <li><a href="https://twitter.com/ericosiu">Twitter @ericosiu</a></li> </ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

Neil Patel and Eric Siu bring you daily ACTIONABLE digital marketing lessons that they've learned through years of being in the trenches. Whether you have a new website or you're an established business, you'll learn the latest SEO, content marketing, social media, email marketing, conversion optimization and general online marketing strategies that work today from people that actually practice marketing and operate businesses.
Approaching 100M downloads with 2,500+ episodes, you're sure to find something that will help you grow faster. Also don't forget to subscribe to our Marketing School YouTube channel to get more marketing goodness.

Marketing School - Digital Marketing and Online Marketing Tips

In episode #685, Eric and Neil discuss pricing. Tune in to hear how you can figure out the right price for your product or service. TIME-STAMPED SHOW NOTES:  [00:27] Today’s Topic: How Much Should Your Charge For Your Product or Service [00:40] How...

How Much Should Your Charge For Your Product or Service | Ep. #685

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7b48d067-ef95-4f0f-abb7-b0d200620e43/transcript

Advertisement