1.10.2014

What If You Doubled Your Prices?

By Julie Hein, General Manager

Cheap.

Nice.

Quick.

Pick two.  Roy Williams (author and business/marketing guru, see him here) has said that it’s impossible to offer all three.  Good product + quick = high price.  Good product + cheap = some inconvenience in getting it, some time invested.  If you want cheap and quick, the quality must suffer.
 
My perspective on how I shop has changed.  I’ve always been busy—at one point it was grad school, yoga, golf and slight case of workaholism.  I thought I was busy, but I was a naïve fool.  Now it’s the kiddo shuffle, then work, with hopefully at least 20 minutes of hubby time in there each week.  A week feels like a day.  Every night when I wash my face before bed, I stare in the mirror and wish for one more hour in the day. 
 
This isn’t a rant about me (sorry if it felt that way!).  It’s an example of the internal rant of most parents.  Thinking back to Roy Williams:  Cheap, nice or quick—pick only two.  I’ll pay more for anyone who can save me time.  Find a way to make it easier.  Feel free to raise your price.  I don’t mind.  Profit all you want as long as I get another half hour to split between checking e-mail and playing Crazy Eights with my favorite girls.   

I think we all focus on price and perhaps the reason why people buy from our competitors is related to price.  I would like you to challenge that—what if you charged more?  What if you pay me back in time?  If you figure out how to give me time back, you're golden.

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