Player FM 앱으로 오프라인으로 전환하세요!
How Much Should You Charge For Your Commercial Space?
Manage episode 405734893 series 2786087
I answer the crucial question of determining the optimal pricing for commercial spaces. I examine the significance of differentiation in setting prices and the importance of continuous testing to find the sweet spot in the market, and share insights on observing competition, exploring unique selling points, and adapting pricing strategies to suit the specific needs of the target market.
KEY TAKEAWAYS
- Importance of Differentiation: Emphasise the need to differentiate your offer from the competition to justify charging a higher price.
- Continuous Testing: Advocate for ongoing testing of different price points and product mixes to find the optimal market price.
- Open-minded Pricing: Encourage flexibility in pricing strategies and avoiding rigid adherence to market norms.
- Utilise Scarcity and FOMO: Suggest leveraging scarcity and fear of missing out to drive decision-making and urgency among potential clients.
- Brand Building: Highlight the significance of building a strong brand identity to command higher prices and attract discerning clients.
BEST MOMENTS
"Testing is key. Try different price points and product mixes to find the optimal market point."
"Differentiate your offer to charge a different price. Personality, design, and quality matter."
"Don't follow the market blindly. Be brave, test, and push for the optimal price."
"Scarcity, time-sensitive offers, and FOMO can drive decisions. Use these tools wisely."
"React strategically, gather information, and test again. It's a fun part of the business."
JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
See omnystudio.com/listener for privacy information.
282 에피소드
Manage episode 405734893 series 2786087
I answer the crucial question of determining the optimal pricing for commercial spaces. I examine the significance of differentiation in setting prices and the importance of continuous testing to find the sweet spot in the market, and share insights on observing competition, exploring unique selling points, and adapting pricing strategies to suit the specific needs of the target market.
KEY TAKEAWAYS
- Importance of Differentiation: Emphasise the need to differentiate your offer from the competition to justify charging a higher price.
- Continuous Testing: Advocate for ongoing testing of different price points and product mixes to find the optimal market price.
- Open-minded Pricing: Encourage flexibility in pricing strategies and avoiding rigid adherence to market norms.
- Utilise Scarcity and FOMO: Suggest leveraging scarcity and fear of missing out to drive decision-making and urgency among potential clients.
- Brand Building: Highlight the significance of building a strong brand identity to command higher prices and attract discerning clients.
BEST MOMENTS
"Testing is key. Try different price points and product mixes to find the optimal market point."
"Differentiate your offer to charge a different price. Personality, design, and quality matter."
"Don't follow the market blindly. Be brave, test, and push for the optimal price."
"Scarcity, time-sensitive offers, and FOMO can drive decisions. Use these tools wisely."
"React strategically, gather information, and test again. It's a fun part of the business."
JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/
Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/
See omnystudio.com/listener for privacy information.
282 에피소드
모든 에피소드
×플레이어 FM에 오신것을 환영합니다!
플레이어 FM은 웹에서 고품질 팟캐스트를 검색하여 지금 바로 즐길 수 있도록 합니다. 최고의 팟캐스트 앱이며 Android, iPhone 및 웹에서도 작동합니다. 장치 간 구독 동기화를 위해 가입하세요.