A lot of people are undercharging and can very easily increase their prices, jump into this episode of The Money Podcast and discover the 30 tell-tale signs and quick and easy ways that you can utilise right away to increase your prices whilst continuing to grow and offer fair exchange in your market.  

 

Caveat -  You should only increase your prices if the market dictates it and there is an environment for fair exchange. The single best thing you can do to increase your prices is to increase the value proposition first and aim to create a fair exchange environment. Don’t just put up your prices in line with the market rate and inflation. Aim to make your customers lives easier, quicker, better and faster, to solve their pain points. There’s not much of a limit on pricing when you’re providing the right value proposition and create a marketplace of fair exchange. 

 

KEY TAKEAWAYS 

30 Signs That Show You It’s The Right Time to Increase Your Prices 
When the industry is growing 
When you’re in demand and oversubscribed  
If you’re not making a profit (You must provide a fair exchange) 
If you resent your customers 
If you feel you’re too cheap (increasing your prices can increase your market position) 
If you’re getting great results (social proof) 
If you’re attracting the wrong type of clients 
If you’re customer service and complaint costs are too high 
Cost inflation and general market price rises 
To increase the appreciation of your product or service and reposition you in the market place 
Market rules and regulations that can affect your prices, supply and bottom line 
If competitors raise their prices 
If you improve your product or service 
If you’re offering extra value, bonuses or added extras 
Making your product more bespoke and personal  
If your product is more exclusive and marketable 
Your product develops into a service offering and vis-versa 
The market place has less competition 
The market place has more competition 
Potential increase in income and wages 
Costs and overheads are increased  
If you’re saving your client time and taking away pain 
If you’re solving a significant problem for your customer base 
Base your price on ongoing and future support and value 
Offer added guarantees and insurances 
If you disrupt your industry 
Making internal changes to increase your product offering  
Offering higher quality products/services but to fewer clients  
Looking to increase your position in the market 
Your story, purpose and the positive change you’re offering your industry 

 

BEST MOMENTS 

 

“There’s not much of a limit on pricing when you’re providing value” 

“Aim to remove friction between you and your customers” 

“Find your sweet spot in the market between your price and value proposition” 

 

 

VALUABLE RESOURCES 

Rob More - Money 

 

ABOUT THE HOST 

Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage. 

  

“If you don't risk anything, you risk everything” 

  

CONTACT METHOD 

Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs 

￼LinkedIn - https://uk.linkedin.com/in/robmoore1979 

A lot of people are undercharging and can very easily increase their prices, jump into this episode of The Money Podcast and discover the 30 tell-tale signs and quick and easy ways that you can&nbsp;utilise&nbsp;right away to increase your prices whilst continuing to grow and offer fair exchange in your market.&nbsp;&nbsp;
&nbsp;
Caveat -&nbsp;&nbsp;You should only increase your prices if the market dictates it and there is an environment for fair exchange. The single best thing you can do to increase your prices is to increase the value proposition first and aim to create a fair exchange environment. Don&rsquo;t just put up your prices in line with the market rate and inflation. Aim to make your customers lives easier, quicker, better and faster, to solve their pain points. There&rsquo;s not much of a limit on pricing when you&rsquo;re providing the right value proposition and create a marketplace of fair exchange.&nbsp;
&nbsp;
KEY TAKEAWAYS&nbsp;
30 Signs That Show You It&rsquo;s The Right Time to Increase Your Prices&nbsp;
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1">When the industry is growing&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="2" data-aria-level="1">When you&rsquo;re in demand and oversubscribed&nbsp;&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="3" data-aria-level="1">If you&rsquo;re not making a profit (You must provide a fair exchange)&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="4" data-aria-level="1">If you resent your customers&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="5" data-aria-level="1">If you feel you&rsquo;re too cheap (increasing your prices can increase your market position)&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="6" data-aria-level="1">If you&rsquo;re getting great results (social proof)&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="7" data-aria-level="1">If you&rsquo;re attracting the wrong type of clients&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="8" data-aria-level="1">If you&rsquo;re customer service and complaint costs are too high&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="9" data-aria-level="1">Cost inflation and general market price rises&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="10" data-aria-level="1">To increase the appreciation of your product or service and reposition you in the market place&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="11" data-aria-level="1">Market rules and regulations that can affect your prices, supply and bottom line&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="12" data-aria-level="1">If competitors raise their prices&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="13" data-aria-level="1">If you improve your product or service&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="14" data-aria-level="1">If you&rsquo;re offering extra value, bonuses or added extras&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="15" data-aria-level="1">Making your product more bespoke and personal&nbsp;&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="16" data-aria-level="1">If your product is more exclusive and marketable&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="17" data-aria-level="1">Your product develops into a service offering and vis-versa&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="18" data-aria-level="1">The market place has less competition&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="19" data-aria-level="1">The market place has more competition&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="20" data-aria-level="1">Potential increase in income and wages&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="21" data-aria-level="1">Costs and overheads are increased&nbsp;&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="22" data-aria-level="1">If you&rsquo;re saving your client time and taking away pain&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="23" data-aria-level="1">If you&rsquo;re solving a significant problem for your customer base&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="24" data-aria-level="1">Base your price on ongoing and future support and value&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="25" data-aria-level="1">Offer added guarantees and insurances&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="26" data-aria-level="1">If you disrupt your industry&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="27" data-aria-level="1">Making internal changes to increase your product offering&nbsp;&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="28" data-aria-level="1">Offering higher quality products/services but to fewer clients&nbsp;&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="29" data-aria-level="1">Looking to increase your position in the market&nbsp;</li>
</ol>
<ol>
<li data-leveltext="%1." data-font="Calibri" data-listid="1" aria-setsize="-1" data-aria-posinset="30" data-aria-level="1">Your story, purpose and the positive change you&rsquo;re offering your industry&nbsp;</li>
</ol>
&nbsp;
BEST MOMENTS&nbsp;
&nbsp;
&ldquo;There&rsquo;s not much of a limit on pricing when you&rsquo;re providing value&rdquo;&nbsp;
&ldquo;Aim to remove friction between you and your customers&rdquo;&nbsp;
&ldquo;Find your sweet spot in the market between your price and value proposition&rdquo;&nbsp;
&nbsp;
&nbsp;
VALUABLE RESOURCES&nbsp;
<a href="https://www.amazon.co.uk/Money-Know-Learn-money-transform/dp/1473641322">Rob More - Money</a>&nbsp;
&nbsp;
ABOUT THE HOST&nbsp;
Rob Moore is the host of the UK&rsquo;s no. 1 business podcast &ldquo;The Disruptive Entrepreneur,&rdquo; and &ldquo;The Money Podcast&rdquo; as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller,&nbsp;Life Leverage.&nbsp;
&nbsp;&nbsp;
&ldquo;If you don't risk anything, you risk everything&rdquo;&nbsp;
&nbsp;&nbsp;
CONTACT METHOD&nbsp;
Facebook -<a href="https://www.facebook.com/robmooreprogressive/?ref=br_rs">&nbsp;</a>https://www.facebook.com/robmooreprogressive/?ref=br_rs&nbsp;
￼LinkedIn -<a href="https://uk.linkedin.com/in/robmoore1979">&nbsp;</a><a href="https://uk.linkedin.com/in/robmoore1979">https://uk.linkedin.com/in/robmoore1979</a>&nbsp;

The Money podcast, by best-selling author of “Money”, Rob Moore, will dive into how to make, manage and master money. How to know more, make more and give more. How to save, invest and raise money. The story, history and psychology of money. The good, bad and naughty of money. Rob will use his experience of going from debt at 26, to becoming a millionaire by 31. Rob will call upon his contacts and interview millionaires, billionaires, economists and money masters from all walks of life. Rob will draw all his experience from starting from nothing, and building the huge podcast the “Disruptive Entrepreneur”, with his on the ground, real business experience. The Money podcast is for anyone who wants to make more money in a job, profession or passion, for money masters and money disasters. They say money doesn’t make you happy, Rob says “It does!”.

The Money podcast, by best-selling author of “Money”, Rob Moore, will dive into how to make, manage and master money.

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