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Mastering Pricing Strategies for New Entrepreneurs
In this insightful episode of 'Business Conversations with Pi,' host Scoob and co-host Pi, an AI assistant created by Anthropic, tackle some of the most pressing questions new entrepreneurs ask about pricing their products. They discuss the importance of understanding your value proposition, target audience, market positioning, competition, and the need to test and iterate on pricing strategies. Additionally, they provide recommendations for books that offer extensive knowledge on pricing strategies and offer practical advice to ensure profitability and customer value. Tune in for actionable insights that can help turn your startup dreams into a thriving reality.
Books Mentioned By PI
The Strategy and Tactics of Pricing
Priceless
The Psychology of Price
Smart Pricing
00:00 Introduction to Business Conversations with Pi
01:51 Misconceptions About Pricing
02:32 Key Pointers for Pricing Your Product
03:18 Understanding Perceived Value
03:56 Research for Profitable Pricing
04:57 Recommended Books on Pricing Strategies
05:49 Final Thoughts and Farewell
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