Value-Based Pricing Strategy in 2023 (full crash course with examples)
In this course tutorial, you will learn the concept of value based pricing and how to implement it for your business in 2023 by using economic value estimation. The course will explain you how to price your product or service. There are many pricing strategies out there, but value-based pricing really stands out, as it is the most powerful when done correctly. I also discuss other closely related concepts in the video, such as price sensitivity factors, and how much value you should or can capture in the price window, along with a free AI tool that will help you to research your competitor's pricing and save you time.
😉➡️ Get all my ChatGPT, Code Interpreter & Zapier resources here: https://bit.ly/itsaithomas
Chapters:
0:00 Intro
0:16 What is value-based pricing (VBP)?
0:43 What is economic value estimation (EVE)?
1:17 The process of implementing value-based pricing
6:34 Example of value-based strategy with economic value estimation
11:29 How can you estimate the value of drivers in value-based pricing
15:59 Setting the price, or how much value should you capture in the price window
20:31 Free AI tool to help you with competitor's pricing research
// KNOWLEDGE BASE
The best books I read and recommend for learning more about Ai & ChatGPT and how you can use it. As an Amazon Associate, I earn from qualifying purchases.
1. Exploring GPT-3: An unofficial first look at the general-purpose language processing API from OpenAI: https://amzn.to/3oNjBJ7
2. ChatGPT for Beginners: A Step-by-Step Guide to Crafting Great Prompts: https://amzn.to/43EmuuR
3. The ChatGPT Millionaire: https://amzn.to/3C2JTub
4. Chat GPT Bible - 10 Books in 1: AI Applications to Improve Your Life, Boost Productivity, Earn Money, Advance Your Career, and Develop New Skills: https://amzn.to/42bCoeN
// CONTACT
For business inquiries contact me here: [email protected]
// SUPPORT THE CHANNEL
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// SOCIALS
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Background music: YouTube Audio Library - Feeling's Not Mutual - Single Friend
#valuebasedpricing #pricingstrategy #economicvalueestimation
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