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« Advertising creativity is not dead | Blog Home | Eye tracking rules »

The 7% solution

Okay, it's a simple idea:

If you're a real estate broker, you work in an industry where everyone used to charge the same fee: 6%. Now, though, discount brokers are turning up the heat on fees. Lots of brokers are unhappy with this.

The challenge is... what if you had to charge 7%. What if you had to charge more when everyone else was charging less?

What would you do? How could you make it worth it?

Now, just imagine what would happen if you did that at 6% or even 5%? You'd be unstoppable.

Similar idea, inspired by the crazy pricing of the Kindle: What if, when everyone else's blog was free, you had to charge money for yours? What would you do? How would you make it worth it?

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Listed below are links to weblogs that reference The 7% solution:

» Raise rent in a down market from Property Management
Seth writes of the 7% solution [Read Here]. The basic premise is couched in the ever popular trend of discount brokers in the real estate industry. Seth suggests thinking about moving commissions to 7% in lieu of 4 or 5% [Read More]

» Giving Value from flaminglacer's mutterings
In The 7% Solution I think Seth summed up brilliantly what those of who work on the net need to do. Forget all those expensive marketing systems and shenanigans that the gurus try to sell you, they are worth diddly squat compared to the advice in that... [Read More]

» Fear of Losing Sales - Pricing 101 Series Post 5 from ModernMagellans
This is the fifth in a series of posts on the issue of setting prices too low.Undercharging is a mistake that happens for many reasons: Fear of losing sales Desire to spread their beneficial product&m... [Read More]

» A Powerful Pricing Thought Experiment from Dollars and Sense: The Pricing Blog
What would you do differently if you had to raise your prices by 100%? (This targets the value-focused part of the market.) What would you do differently if you had to drop prices by 50%? (To focus on the price-driven part of the market.) What mi... [Read More]

» Правило 7% from Как продать
что, если вы станете требовать 7% за свои услуги? Что, если вы берете больше, в то время как все остальные требуют меньшую плату? ... [Read More]

« Advertising creativity is not dead | Blog Home | Eye tracking rules »