Carl-Gould-#70secondCEO-How Much Can You Raise Prices Without Losing Customers?
Carl Gould #70secondCEO15 Loka

Carl-Gould-#70secondCEO-How Much Can You Raise Prices Without Losing Customers?

Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one-minute investment every day for a lifetime of results.

If you were to raise your prices by 1%, just 1%, so if you charge $100 an hour, you charge 101. If you charge 3% as a, you know, commission or a percentage rate, you now charge 3.03% right if you just charge 1% more what percentage of your clientele would leave you like all right at a hundred you were fine but 101 forget it I'm out of here how many of you what would your percentage of attrition be if you raise your prices 1% 0, 3% if you raise your prices 3% what was your level of attrition 5% 5% technologists probably not but some companies like 5 a little sketchy 5% 0.

You might get a little bit of 10% okay, so a 10% so somewhere between 5 and 10 you're starting to see attrition. Pick the number where you believe you could raise your prices with zero or almost no attrition, and understanding you probably can't go back to some of your contracted clients or things you already have agreements on, but with whomever you can, raise your pricing tomorrow.

Like and follow this podcast so you can learn more. Like and follow this podcast so you can learn more. My name is Carl Gould, and this has been your #70secondCEO.

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Carl-Gould-#70secondCEO-Stage 7: Is Your Business Ready for Succession?

Carl-Gould-#70secondCEO-Stage 7: Is Your Business Ready for Succession?

Hi Everybody, Carl Gould here, author of The 7 Stage Growth Method and your #70secondCEO, where you invest a little more than one minute a day for a lifetime of results. Today's topic is: Stage 7, The...

14 Loka 1min

Carl-Gould-#70secondCEO-Stage 6: Build a Management Team That Makes Your Business Sellable

Carl-Gould-#70secondCEO-Stage 6: Build a Management Team That Makes Your Business Sellable

Hi Everyone, Carl Gould here. I am your #70secondCEO and the author of The 7 Stage Growth Method.  Just a little bit more than a one-minute investment each day for a lifetime of results.  Are we ranki...

13 Loka 1min

Carl-Gould-#70secondCEO-Stage 5: Is Your Business Known for More Than What You Sell?

Carl-Gould-#70secondCEO-Stage 5: Is Your Business Known for More Than What You Sell?

Hi Everyone, Carl Gould here with your #70secondCEO, I'm also the author of The 7 Stage Growth Method. Today's topic- Stage 5- The Sustainability Stage  This is the stage when you can first start cons...

12 Loka 1min

Carl-Gould-#70secondCEO-Stage 4: Build Systems That Help Your Business Run Without You

Carl-Gould-#70secondCEO-Stage 4: Build Systems That Help Your Business Run Without You

Hi everyone, Carl Gould here with your #70secondCEO—just a little over a one-minute investment every day for a lifetime of results. You'll know you've entered Stage 4 when every role in your business ...

9 Loka 1min

Carl-Gould-#70secondCEO-Stage 3: How Aligned Is Your Team with Your Business Mission?

Carl-Gould-#70secondCEO-Stage 3: How Aligned Is Your Team with Your Business Mission?

Hi Everyone, Carl Gould here, author of The 7 Stage Growth Method and your #70secondCEO, a little more than a one-minute investment every day for a lifetime of results. Today's topic: Stage 3.  Give y...

8 Loka 58s

Carl-Gould-#70secondCEO-Stage 2: Build Your Credentials to Maximize Your Earning Potential

Carl-Gould-#70secondCEO-Stage 2: Build Your Credentials to Maximize Your Earning Potential

Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one minute investment every day for a lifetime of results.  The challenge that you have here is that, most of the time, the bu...

7 Loka 1min

Carl-Gould-#70secondCEO-Stage 1: Design Your Business Future and Win Your First Customer

Carl-Gould-#70secondCEO-Stage 1: Design Your Business Future and Win Your First Customer

Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one-minute investment every day for a lifetime of results. Stage one: strategic planning. If you look down at the graph, you'l...

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