The Significance of Pricing and Leveraging Reality in Startups

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Exploring how pricing can be a vital tool for startups to grasp customer value, differentiation, and effective planning, alongside an ad for a startup program aiding idea testing before quitting a full-time job.

Today, we talk about how to price your startup. We touch on the four places to find margin, the Taco Bell pricing strategy, and using price to attract customers. We talk through pricing an AI assistant, basketball lessons, honey, and pilates. After this pod, you'll (hopefully) think about pricing your startup completely differently.

00:34 Intro
02:00 Taco Bell Pricing
03:16 Forks and The Freakin’ Super Bowl
05:02 Stubbing Your Toe on Reality
09:00 Smooth Jazz
09:34 Four Places to Find Margin
11:19 Margin Comes After Pain
13:09 Margin Comes From Removing the Worst Part of a Painful Process
14:11 Margin Comes From a Status Level Jump
14:50 Margin from Specificity and Problem Language
16:35 Basketball Lesson Pricing
19:08 Pay Yourself First
22:56 The End - My Son Loves to Dance