Eric DeeranOne mission — help agency owners build businesses they actually love running.

Here's how to price yourself in a category of 1 vs commodity based pricing 👆 #shorts

17 Jan 2023 · 1 min

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0:41

A short YouTube clip by Eric Deeran advising video professionals to specialize in either a method (a specific type of video) or an industry (a specific client type) to avoid commodity-based pricing. The speaker contrasts "commodity-based pricing"—being directly comparable to other video creators and thus driven down in price—with being in a "category of one," where a unique offer makes comparison impossible and allows charging higher rates.

Chapters

You need to specialize in either a method or an industry, a method being some sort of video that you're really good at and an industry being some sort of type of client that you're really good at working with. You need to specialize in one of those two things if you want to be successful. You're a jack of all trades. You're going to be stuck in commodity based pricing instead of being in a category of 1. Commodity based pricing is when they can compare you to any other video person out there, which is why you're probably getting walked down in price right now. Being in a category of one means that they can't compare you to anybody else because they have no one to compare you to. And so if your offer isn't the same as everybody else's, that's when you can charge higher rates because you're in a category of one, or you offer something that those people don't offer.