Effective Strategies for Raising Prices Without Losing Clients

Name: Effective Strategies for Raising Prices Without Losing Clients
Uploaded: 2023-04-17 14:16:54
Description: Strategically managing supply and demand, positioning yourself as an expert, and taking better care of yourself are essential for setting prices and negotiating effectively.

This article is a summary of a YouTube video "How Do I Raise Prices Without Losing Clients?" by The Futur

TLDR Strategically managing supply and demand, positioning yourself as an expert, and taking better care of yourself are essential for setting prices and negotiating effectively.

Key insights

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"Position yourself as an expert, not as a service provider."
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Qualify a client based on their deadline, decision-maker, and award date before discussing price.
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The biggest driver in price is supply and demand, not magic or deception.
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We often take better care of an imaginary person than ourselves, there's an inner child that we need to prioritize.
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"The craziest piece of advice I can give you is to double your price tomorrow and don't even explain it."

Timestamped Summary

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00:00
Position yourself as an expert and charge more for value conversations with clients.
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02:09
Restrict supply and qualify customers to raise prices on repeat customers.
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03:36
Playing hard-to-get can help create better relationships.
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05:01
Enjoying creative work and managing supply and demand are essential for setting prices.
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06:31
Maria is negotiating with Joel to prove Chris can do a motorcycle illustration.
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07:06
Looking for an awesome artwork to spruce up my Harley Davidson dealership lobby entrance with a budget of $2,000.
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09:18
Take better care of yourself.
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10:59
Say "no" with a smile when negotiating prices to get double your current rate.