23/08/2023
Times are tough, and nobody’s feeling the pinch more than small businesses.
So I get worried when I see small businesses relying on discounts and promotions as their sole means of getting new clients - and attempting to retain existing ones.
It’s easy for me to say “don’t discount your prices, increase your value”, but I need you to understand this: as soon as you discount your product or service, that discounted price becomes what your customers think it’s worth.
The discount is not a ‘one-time’ event, it’s your NEW PRICE POINT.
So what do you do, if you’re not going to stay on the promo merry-go-round?
In Episode 118 of the Boom Your Biz podcast, I’m talking about:
💥 What endless discounts and promos will do to the perception of your brand;
💥 What true value IS, and the questions you can ask yourself to get clear on your value; and
💥 Why knowing YOUR business’ point of difference is the key to effective marketing, without discounts.
Find Episode 118 on Spotify, here: https://buff.ly/45DpFnh
And Apple podcasts, here: https://buff.ly/47LXkxd