Before you discount, try this - podcast episode cover

Before you discount, try this

Sep 19, 202431 minEp. 182
--:--
--:--
Download Metacast podcast app
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

Are you feeling the pressure to slash your prices right now? 

 

I get it. When sales are slow, it's tempting to wave that discount wand. 

 

But here's the thing: there are so many ways to boost your business without devaluing your amazing offerings. 

 

If you're only discounting from a place of panic - STOP.

 

Discounting can be tricky - mostly because it trains your audience to wait until you have a discount or offer a special deal. 

 

From a money mindset perspective, it can sometimes send the message that you don't value yourself at full price. From a branding perspective, it can damage your brand.

 

Not always - sometimes discounting can be entirely appropriate - maybe you're discontinuing a product, you want to incentivize early birds, you're doing a Beta version of a program, or just because you feel like it. Some industries regularly offer a discount for payment in full or seasonal discounts.

 

There is no right or wrong - but if you're contemplating slashing and burning your prices right now - I've got some alternative strategies for you on today's podcast.

For the best experience, listen in Metacast app for iOS or Android