21 Hats Podcast

The Anchor Price


Listen Later

This week, in episode 105, Shawn Busse, Paul Downs, and Liz Picarazzi talk pricing, specifically how they use an anchor price—the first number they offer prospective customers. Do they anchor low to avoid scaring anyone away? Or do they anchor high to disqualify unlikely buyers and to make the actual sale price feel more comfortable? Plus: Liz explains the remarkable, dream-come-true, my-product-in-Times Square PR gift she just received. Of course, this is entrepreneurship, so even when dreams come true, there tend to be complications. Liz’s business is getting a wave of publicity at a time when her fabricator in Shanghai has been locked down for almost four weeks. She’s talking to domestic fabricators as well, but they, too, will be dependent on raw materials that have to come from China. “It’s a problem,” she tells us.
...more
View all episodesView all episodes
Download on the App Store

21 Hats PodcastBy 21 Hats

  • 5
  • 5
  • 5
  • 5
  • 5

5

31 ratings


More shows like 21 Hats Podcast

View all
The Knowledge Project with Shane Parrish by Shane Parrish

The Knowledge Project with Shane Parrish

2,645 Listeners

Built to Sell Radio by John Warrillow

Built to Sell Radio

208 Listeners

Pivot by New York Magazine

Pivot

9,202 Listeners

GZERO World with Ian Bremmer by GZERO Media

GZERO World with Ian Bremmer

771 Listeners

The Compound and Friends by The Compound

The Compound and Friends

2,049 Listeners

The Prof G Pod with Scott Galloway by Vox Media Podcast Network

The Prof G Pod with Scott Galloway

5,397 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,189 Listeners

Dwarkesh Podcast by Dwarkesh Patel

Dwarkesh Podcast

417 Listeners

Acquisitions Anonymous - #1 for business buying, selling and operating by Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley

Acquisitions Anonymous - #1 for business buying, selling and operating

243 Listeners

Acquiring Minds by Will Smith

Acquiring Minds

249 Listeners

On with Kara Swisher by Vox Media

On with Kara Swisher

3,345 Listeners

Angry Mortgage by Ron Butler

Angry Mortgage

4 Listeners

Moneywise by Hampton

Moneywise

646 Listeners

Prof G Markets by Vox Media Podcast Network

Prof G Markets

1,127 Listeners

Raging Moderates with Scott Galloway and Jessica Tarlov by Vox Media Podcast Network

Raging Moderates with Scott Galloway and Jessica Tarlov

1,106 Listeners