I am thrilled to kick off a week-long series about pricing in small business with an interview with John Jantsch of Duct Tape Marketing. John is a well-known authority on small business marketing who has a very popular blog and speaking platform.
Despite his solid business background and decades of experience, the
thing I like best about John is that he absolutely walks his talk. He
is extremely grounded, kind and generous with his knowledge.
Listen to the 30-minute interview here.
Some of my favorite parts of the conversation:
- "Price is a terrible place to compete. There will always be someone willing to go out of business faster than you."
- There can be a backlash if you price your services too low, because
your customers might think there is something wrong with you if you
charge below the market, or that you cannot deliver the value promised
in your offer.
- "If people keep saying 'gosh, you are too expensive!' all that
means is that you are not doing a good enough job educating them on why
you are different."
- Measure the results of your efforts by following up with your
clients to see what value you produced by working with them. This can
give you fantastic data, case studies, testimonials and a strong
foundation for referrals.
You can find John at www.ducttapemarketing.com. Also, check out his new course on Social Media Marketing at www.ducttapeu.com
Tomorrow's guest expert on pricing will be Mark Silver from Heart of Business.