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Don't assume your competitor has found the "right price". And don't set your price higher than your competitor just because you think you provide a more valuab
by idonthack 15y ago
Don't assume your competitor has found the "right price".
And don't set your price higher than your competitor just because you think you provide a more valuable product. If you've already built your financial model with a lower price, there's no reason to not undercut your competitors.
- btilly 15y agoThis is good advice. However don't assume that you have the right price either. Entrepreneurs often set their prices too low. For more on this see http://jacquesmattheij.com/Double+your+price+(and+no,+I%27m+not+kidding) http://jacquesmattheij.com/Double+your+price+(and+no,+I%27m+....