The Home Service Expert Podcast

Q&A with Tommy - Outselling Your Competition Without Lowering Your Prices

Jan 14, 2022
Dive into strategies for outpacing competitors by prioritizing value over price cuts. Learn how to enhance your business through investments in quality employees and customer experience. Discover the power of equity sharing programs to boost performance and company value. Explore the importance of strong leadership and KPIs for strategic growth. Uncover tactics for optimizing marketing investments and customer acquisition without sacrificing profitability. Plus, gain insights into building resilience to overcome challenges!
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ADVICE

Pricing Strategy

  • Don't price your services based on competitors who are struggling financially.
  • Find the most successful businesses in your market and analyze their pricing strategies.
ADVICE

Value over Price

  • Avoid competing on price by being the cheapest.
  • Instead, focus on providing superior value and charge a premium.
ANECDOTE

Starving Crowd

  • A marketing professor illustrated the concept of a 'starving crowd'.
  • He emphasized that even a subpar product will sell if there's high demand and limited competition.
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