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Carl-Gould-#70secondCEO-How Much Could You Raise Your Pricing Without Losing Clients
Manage episode 414764500 series 2943616
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Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one-minute investment every day for a lifetime of results.
If you were to raise your prices by 1%, just 1%, so if you charge $100 an hour you charge 101. If you charge 3% as a, you know, commission or a percentage rate, you now charge 3.03% right if you just charge 1% more what percentage of your clientele would leave you like all right at a hundred you were fine but 101 forget it I'm out of here how many of you what would your percentage of attrition be if you raise your prices 1% 0, 3% if you raise your prices 3% what was your level of attrition 5% 5% technologists probably not but some companies like 5 a little sketchy 5% 0.
You might get a little bit 10% okay so a 10% so somewhere between 5 and 10 you're starting to see attrition pick the number where you believe you could raise your prices with zero or almost no attrition and understanding you probably can't go back to some of your contracted clients or things you already have agreements on, but with whomever you can, raise your pricing tomorrow.
Like and follow this podcast so you can learn more. Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.
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