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The Inbox Series - Episode 005 - Thinking of Discounting Your Prices? Listen to This First

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Manage episode 497631612 series 2496053
Content provided by elizabeth stiles and Elizabeth stiles. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by elizabeth stiles and Elizabeth stiles or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Ever felt tempted to drop your prices just to get a sale?

In this episode, I'm sharing a story that perfectly sums up why cheaper doesn't always mean better and what that means for how you price your products.

Because the truth is, lowering your prices won't always build trust.

In fact, it might raise more questions than answers.

If you've ever panicked and added a discount code, or felt pressure to be "affordable" just to compete, this is your sign to pause, regroup and think more strategically.

In This Episode:

  • Why price sends a message and what yours might be saying behind your back

  • The hidden cost of being "cheap"

  • What your customers are really looking for (spoiler: it's not a bargain)

  • How to build a brand that people value and trust without racing to the bottom

Ready to Build a Brand That Sells on Value (Not Discounts?)

Magnetic is now closed for enrolment. Be the first to know when doors reopen click here to join the waitlist

This podcast is sponsored by Tide Banking

Offer: Get £50 cashback when you open a business account with Tide and spend £100 on your new card. T&C's apply.

Sign up link: https://glnk.io/91954/elizabeth37r

Promo Code: FASHION

  continue reading

170 episodes

Artwork
iconShare
 
Manage episode 497631612 series 2496053
Content provided by elizabeth stiles and Elizabeth stiles. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by elizabeth stiles and Elizabeth stiles or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Ever felt tempted to drop your prices just to get a sale?

In this episode, I'm sharing a story that perfectly sums up why cheaper doesn't always mean better and what that means for how you price your products.

Because the truth is, lowering your prices won't always build trust.

In fact, it might raise more questions than answers.

If you've ever panicked and added a discount code, or felt pressure to be "affordable" just to compete, this is your sign to pause, regroup and think more strategically.

In This Episode:

  • Why price sends a message and what yours might be saying behind your back

  • The hidden cost of being "cheap"

  • What your customers are really looking for (spoiler: it's not a bargain)

  • How to build a brand that people value and trust without racing to the bottom

Ready to Build a Brand That Sells on Value (Not Discounts?)

Magnetic is now closed for enrolment. Be the first to know when doors reopen click here to join the waitlist

This podcast is sponsored by Tide Banking

Offer: Get £50 cashback when you open a business account with Tide and spend £100 on your new card. T&C's apply.

Sign up link: https://glnk.io/91954/elizabeth37r

Promo Code: FASHION

  continue reading

170 episodes

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