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183 - What makes something valuable? — with Ron Baker

The Futur with Chris Do

CHAPTER

Rethinking Value in Pricing Strategies

This chapter explores the complex relationship between perceived value and pricing, challenging the labor theory of value and advocating for value-based pricing strategies among creative professionals. Through various examples, the discussion illustrates how consumer perceptions and branding influence pricing, emphasizing the need for businesses to focus on the value provided rather than merely their costs. By examining ethical considerations and psychological factors in pricing, the speakers encourage a shift towards a more nuanced understanding of value in market transactions.

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