AI Snips
Chapters
Transcript
Episode notes
Avoid Price Competition
- Never compete on price; instead, establish a fixed price.
- Enough customers will accept your price to build a sustainable business.
Speed as a Competitive Advantage
- Speed is key to avoiding price competition; faster service justifies higher prices.
- The on-demand economy prioritizes immediate service, and customers value speed.
Gradual Expansion
- A pest control owner gradually expands by hiring crews when booked for two weeks.
- This safe approach limits growth potential by consistently delaying service.