Marketing Tips: Pricing Your Products and Services

Every small business owner owns a marketing hat…a time when he or she spends working on ideas and strategies to increase customers, drive sales and fatten the bottom line. Andrew Lock’s unique take on marketing can inspire you to be creative and lead to even more money for your business. So slap on your hat, and watch the video.

I signed up for a service called “Clear” which, for a modest fee, was designed to whisk travelers through the airport, avoiding the usual security bottlenecks. Just one problem – the company went out of business. My opinion on this is that they charged far too little (they under-valued their service), and they only had a single revenue stream, which is always a bad idea. I’ll share my story in this episode with you.

If you’re a marketing geek like me, you’ll love MarketingExperiments.com, a site that conducts all kinds of marketing tests and then shares the results.

I love Ikea. It has revolutionized the way that people buy home furniture. This week, I’ll share a marketing concept that Ikea uses that you may not have thought about before — event-based marketing. And I don’t mean “event” in the traditional sense of the word. In marketing, an event is simply a reason for people to come back. Make sure you give people regular reasons to return.

Let me know your opinion about the topics covered in the show this week — leave your comment below, it’s really easy to do. Enjoy the show!

Andrew Lock is a self-described maverick marketer and the creator and host of Help! My Business Sucks, a free, weekly Web TV show full of practical marketing tips, advice and resources to help small businesses “get more done and have more fun.”