Yesterday in A turning point for patient voices I said that the market for patient voices is maturing, leading to a need for two new initiatives:
- Mentoring new patient speakers … via my Speaker Academy blog series
- A new price policy for myself
I said today I’d present the pricing policy, but first I need to establish a foundation:
Prices must have integrity
I’m no student of formal pricing theory, but I do know this: Some list prices are real, and some are cheesy – fake prices that nobody actually pays:
- Some list prices are inflated so the real price can be advertised as “40% off!!”
- Some list prices are a starting point for negotiation (e.g. car sales)
- etc.
Why do some marketers play these games? Because consumers tend to like thinking they got a discount. That’s fine with me, but it’s not my approach. I prefer to deliver value and charge accordingly. Prices must have integrity, and discounts must be based on rules that you actually enforce.
Why it matters