MBA1967 How to Increase Profits With Lower Prices + Free Ride Friday

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Hey oh. Welcome to the $100 MBA show where improving your business is our business every single day with our daily 10 minute business lessons for the real world. I'm your host, your coach, your teacher Omar Zenholm. I'm also the co founder of Webinar Ninja, an independent software company. I started my co founder back in 2014 and today's episode is Free Ride. On Freeride Fridays we give away a lifetime membership to one of our programs. If you want to win a free ride, just leave us an Apple Podcast rating and review and you enter our weekly random draw. Listen in on Friday just like today to see if you won. We announced this week's winner a little bit later in the episode. Thank you in advance for showing us love on Apple Podcasts. In today's lesson, you will learn how to increase your profits with lower prices. Many people believe that if I need to make more money, more revenue, more profits, a good way to entice customers is to drop my prices and I'm here to tell you that is not the way to do it. You can attract customers with low prices without dropping your prices. How? Well, I'll explain in today's episode. Having a lower price point can definitely help you attract new customers that are on the fence, but how you do this is very important. So you don't devalue your products and services. You want this to be additional revenue, not less revenue that replaces your current revenue. I'm gonna break it down in today's episode so you can bring in more customers so you can earn their trust, gain credibility and be able to grow your business on many levels. So let's get into it. Let's get down to business. Gas, snacks, tolls. This trip is draining my wallet.

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To wrap up today's lesson, you can take advantage of of creating small, valuable products and services. Offer them as entry level offerings to your customers to increase revenue, but also get more customers through the door that are on the fence that are still not 100% sure you are a good fit for them. What are you going to do to implement this today? Write it down? Are you going to write an ebook? Are you going to run a paid workshop which can just be a paid webinar? Feel free to sign up for our free plan at Webinar Ninja to check us out. Totally shameless Plug here. Are you going to offer an email course or a mini course if you sell physical products? Are there any accessories that you can sell at a lower price that are still high quality, that show your great quality and brand? Write it down and get started. Thanks so much for listening to the 100 on me a show. Today's episode's not over though. It's Free Ride Friday. Let's see who won this week's Free Ride. And the winner is. Attpls is the handle on Apple Podcasts. Attpls says definitely worth your time listening. 5 stars Bite sized audio podcast that's easy to digest, inspiring and uplifting, especially in the gloomy days. Definitely worth your time listening. Thank you attpls for that awesome review and hopefully the gloomy days will pass and this podcast helps you break through and come out stronger. You are a FREE Art Friday winner. Make make sure you email me over at omar00mba.net so you can claim your free ride to our Automated webinar challenge, our $99, 30 day video course on how to automate your leads and sales with automated webinars. If you want to win a free ride, just leave us an Apple Podcast rating and review and you enter our weekly random draw.

Listen in on Friday, just like today.

To see if you won that simple. Thanks so much for listening. As we round off the week, I want to leave you with this. One of my favorite things to do.

At the end of the week is.

To plan what I'm going to do next week. Why? Well, number one, by just putting together a small list of tasks and a theme of what I want to get done, what is the outcome of next week look like? What do I achieve? It inspires me. It actually gets me excited to start the next week come Sunday night and allows me to kind of close the chapter of work on a Friday and say hey, I took care of this week and next week is going to be great. Thanks so much for listening and I'll check you in Monday's episode. I'll see you then. Take care. Of.

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