Made for Profit

MFP 011: Pricing – Understanding Your Market

Listen Later

Today we’re starting a 3 part series on pricing your products.  We’ll start with Understanding your Market.  Before you can price your work, you need to know your product, your competition, and your customer.  We’ll dive into each of these hit some of the high points to consider.

Support us on Patreon! www.patreon.com/madeforprofit


Links:

 

Key Takeaways
  • Push yourself further up the quality scale
  • Understand your competition and what’s in your market
  • Put the customer first and respond to their needs
    • Homework
    • Develop your quality vs. price matrix and see where you land
    • Lay in your competition on that matrix and look for gaps
    • Identify your ideal customer

      • Sign up for our e-mail list to get the one page downloadable MFP Instagram Playbook.

      Show links may contain affiliate links which help support the show

       

      The post MFP 011: Pricing – Understanding Your Market appeared first on MADE FOR PROFIT.

      ...more
      View all episodesView all episodes
      Download on the App Store
      Made for ProfitBy Brad Rodriguez & John Malecki
      • 4.9
      • 4.9
      • 4.9
      • 4.9
      • 4.9

      4.9

      598 ratings

      More shows like Made for Profit

      View all
      The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

      The Smart Passive Income Online Business and Blogging Podcast

      3,451 Listeners

      Wired To Hunt Podcast by MeatEater

      Wired To Hunt Podcast

      4,804 Listeners

      EntreLeadership by Ramsey Network

      EntreLeadership

      4,424 Listeners

      The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

      The Side Hustle Show

      1,584 Listeners

      Making It With Jimmy Diresta, Bob Clagett and David Picciuto by I Like To Make Stuff

      Making It With Jimmy Diresta, Bob Clagett and David Picciuto

      1,686 Listeners

      Wood Talk | Woodworking by The Wood Whisperer

      Wood Talk | Woodworking

      1,538 Listeners

      Entrepreneurs on Fire by John Lee Dumas of EOFire

      Entrepreneurs on Fire

      3,842 Listeners

      Side Hustle School by Chris Guillebeau / Onward Project

      Side Hustle School

      3,285 Listeners

      My First Million by Hubspot Media

      My First Million

      2,660 Listeners

      The Shawn Ryan Show by Shawn Ryan

      The Shawn Ryan Show

      46,368 Listeners

      Gamekeeper Podcast by Mossy Oak

      Gamekeeper Podcast

      1,221 Listeners

      Life Wide Open with CboysTV by CboysTV

      Life Wide Open with CboysTV

      2,403 Listeners

      Marketing Against The Grain by Hubspot Media

      Marketing Against The Grain

      359 Listeners

      Bellied Up by You Betcha Guy & Charlie Berens

      Bellied Up

      1,124 Listeners

      The Koerner Office - Business Ideas and Deep Dives with Chris Koerner by Chris Koerner

      The Koerner Office - Business Ideas and Deep Dives with Chris Koerner

      257 Listeners