Dan Martell - June 09, 2023


The first question I always ask business owners


Episode Stats


Length

39 seconds

Words per minute

189.50586

Word count

124

Sentence count

8

Harmful content

Misogyny

2

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

If somebody bought your business tomorrow, what would the first thing they would do? What would they do if they were in charge of your business? How would they fix your pricing? How much would they charge you to deliver your service?

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
00:00:00.000 If somebody bought your business tomorrow,
00:00:01.220 what's the first decision they would make?
00:00:02.720 For most companies is they would fix their pricing.
00:00:05.820 I had a friend of mine, Rachel, she was a consultant
00:00:08.720 and she was busy, she had a small team,
00:00:10.900 but she wasn't making any money.
00:00:12.480 Paying herself like 30, 40 grand a year.
00:00:14.460 She thought that was normal.
00:00:15.820 When I looked under the hood,
00:00:17.780 I learned that there was a gap between
00:00:20.560 what she was charging versus what it cost her
00:00:23.340 to deliver her service.
00:00:25.040 She doubled her prices
00:00:26.320 because she realized she was severely underpriced.
00:00:28.760 Half her customers left, but she doubled her business, 0.74
00:00:32.660 which mean that she was making 25% more profit. 0.99
00:00:36.880 Your pricing should be going up.