What Is Pricing Power?
The ability to charge what you're worth—without losing customers.
Without it, you're running a charity, not a business.
The 1% Rule:
A 1% price increase = 11% profit boost (if volume stays constant).
Strategy 1: Value-Based Pricing
Stop pricing based on time or competitors.
Price based on the financial impact of the problem you solve.
Strategy 2: The Confidence Test
If you're not losing 10–20% of clients on price, you're undercharging.
Apple is a masterclass in this.
Strategy 3: Anchoring and Bundling
Lead with your premium offer.
Use high-medium-low pricing tiers to make your middle option shine.
Action Steps This Week:
Calculate the value you deliver.
Raise your prices 10% (for new customers).
Use price anchors in your offer structure.
Quote of the Episode:
“If you’re not occasionally losing customers to price, you’re undercharging. Period.”
🔗 For more leadership insights and tools to grow your business, visit:
https://www.deliberatedirections.com