Main Street Matters by Heart on Main Street

Episode 44: Strategy and Tactics of Pricing-Know Thy Customer: Pricing for Different Customer Segments


Listen Later

Not all customers are created equal — and they shouldn’t all pay the same price. In this episode of Main Street Matters, Patrick Keiser continues our series inspired by Thomas Nagle’s The Strategy and Tactics of Pricing with a deep dive into customer segmentation — the key to understanding who truly values your products, services, and experience.

As Nagle writes: “Value is always specific to a particular segment of customers.”

In this episode, you’ll learn:

  • Why treating every customer the same is costing you profit and loyalty
  • The five common retail segments — from bargain hunters to loyal locals — and what each truly values
  • How to identify and track your own customer segments using simple observation and data
  • Ways to design prices, offers, and bundles that let each group self-select naturally
  • Real Main Street examples of stores using segmentation to serve better and earn more
  • If you’ve ever wondered how to please different customers without discounting across the board, this episode will show you how to price smarter and serve everyone more effectively.

    Keywords: independent retail, small business pricing, customer segmentation, value-based pricing, retail strategy, pricing psychology, Main Street marketing, The Strategy and Tactics of Pricing, Heart on Main Street, Patrick Keiser

    ...more
    View all episodesView all episodes
    Download on the App Store

    Main Street Matters by Heart on Main StreetBy Patrick Keiser

    • 5
    • 5
    • 5
    • 5
    • 5

    5

    3 ratings


    More shows like Main Street Matters by Heart on Main Street

    View all
    Boost Your Boutique with Emily Benson by Boost Your Boutique with Emily Benson

    Boost Your Boutique with Emily Benson

    299 Listeners

    Boutique Chat by The Boutique Hub with Ashley Alderson

    Boutique Chat

    863 Listeners

    Savvy Shopkeeper Retail Podcast by Kathy Cruz

    Savvy Shopkeeper Retail Podcast

    140 Listeners

    Small Business Growth Podcast by Madison Paige

    Small Business Growth Podcast

    60 Listeners

    The Ezra Klein Show by New York Times Opinion

    The Ezra Klein Show

    16,099 Listeners

    The Retail Whore by Michelle Sherrier

    The Retail Whore

    44 Listeners

    Rooted in Retail by Crystal Vilkaitis

    Rooted in Retail

    66 Listeners

    Richer Retailer -  Scaling Retail Stores Past 7 Figures by RETAILMavens

    Richer Retailer - Scaling Retail Stores Past 7 Figures

    28 Listeners