Calculating Your Price Points: The Value of Peers … and Beers

A flight of craft beers. Image source: https://www.flickr.com/photos/ckgolfsolutions/

A flight of craft beers. Image source: https://www.flickr.com/photos/ckgolfsolutions/

How do you determine the magic price point for your product or service? It’s a challenging question, and one that doesn’t always have a clear-cut answer. In this series of articles, I’ll be helping you understand some of the best techniques for discovering the right price to charge your customers.

The best way to start this process is by talking to people who are in a similar position. You need to find and connect with your peers. Continue reading

Ep. 104 – Process: The First P of Sales, Part 2

FourPs-ImageIn part one of this multi-episode series about the Four Ps of Sales, host Tom Ryan gave us an overview of the first few elements of step one, the “Process.” In this episode, we pick up right where we left off, exploring the 10 easy questions that will help you optimize your sales process.

Learn about the importance of connecting with the buyer’s advisors, why your sales channel matters, and the fundamental requirements of making any sale. As always, Tom is joined by co-host Jason Pyles. Click here to listen to part one. Continue reading

Boosting Your Membership Retention: Demonstrating Value

IMG_2329As an entrepreneur, you always want to make sure you see a solid return on your investments. This is true whether you’re talking about a traditional financial investment, or something harder to quantify, like an investment of time. When you look back at those investments, you want to see positive results. At a minimum, you want to see that you’ve gotten more out of those investment than you put in.

The same is true of your customers. Continue reading

Ep. 103 – A Less Effective E-mail for Turbo-Thruster

SIB-Blog-4A few days ago, Tom Ryan received an unsolicited investment pitch through LinkedIn. This was no mere spam message; it was a train wreck. The message was so incomprehensibly bad that stuck with him for days. Here, in a few short lines, was nearly every mistake business marketers should avoid in their communications.

The message also presented a great opportunity for a “teachable moment.” In this episode, Tom and co-host Jason Pyles (an experienced copywriter in his own right) break down everything not to do when sending out a blind email like this one. Continue reading

Ep. 102 – Accomplishing Your Optimal Work-Life Balance, Part 2

SIB-Blog-2What are your real priorities in both your work life and your personal one? It’s an important question for every business owner and entrepreneur, and it’s not always an easy one to answer. Priorities can shift quickly, and if you want to see optimal results, you have to keep track of them.

Back in episode 96, host Tom Ryan explained some simple ways to identify your biggest work and personal priorities. In part two, he digs into a few common-sense techniques for keeping the biggest priorities at the top of the list. As always, Tom is joined by co-host and producer Jason Pyles. Continue reading

Boosting Your Membership Retention: Growing Connections Within Your Community

SIBP-1When you run a membership-based business, it’s all too easy to overlook one of the most powerful selling points you have: Membership itself. In the right context, being a member or a subscriber means more than simply paying a regular fee in exchange for a service. It means being part of a group, or even a community. As membership-based businesses grow, it’s important to keep in mind that the community is often just as important as the service. Continue reading

Ep. 101 – How Asheville’s Talent Jam Solves the Talent Gap

TalentJam-AVL-LogoTM-FBWhat happens when great businesses can’t find the local talent they need to grow? What happens when talented people can’t find great local employers or clients to work with? Nothing happens … and that’s a problem. It’s called the “talent gap,” and it’s an issue faced by small businesses and workers across the globe.

“It’s when you have this misalignment between folks that are really talented in a market, and folks who need that type of talent in their businesses,” host Tom Ryan says. And instead of just talking about it, Tom decided to do something about it.

What if there was a way to get all these people in the same room? Maybe add some great local food, and even a healthy supply of craft beer to help the socialization? Great things can happen. Continue reading

Boosting Your Membership Retention: Renewal Starts On Day One

IMG_2329Planning your retention strategy is one of the most valuable and important things that anyone in a renewal-based business can do. You can take my word for it. I’ve been on the front lines.

Early in my career, when I was working in enterprise-level sales, one of the products I worked with was a subscription-based service. As a rep, my primary task was to hunt new business, but I was also responsible for maintaining a set of renewals. Continue reading

Ep. 100 – Celebrating 100 Episodes of the Success in Business Podcast

300x300new_resizedIt’s time to celebrate! Break out the streamers and champagne! Today’s episode is the 100th installment of the Success in Business Podcast. That’s a major milestone, and worthy of a little reflection.

Today, we’re taking a look back at the 99 podcasts in our rearview mirror, and showcasing our favorite moments. Join host Tom Ryan and producer Jason Pyles as they revisit the show’s greatest hits. Continue reading

Boosting Your Membership Retention: Incentives and A/B Testing

SIBP-2If you want to boost your membership retention rates, you need to understand the motivations of your subscribers. A bit part of this is simply asking current members about what they value about your service, and asking returning members why they came back. The more open and comprehensive the dialog, the clearer the picture becomes.

Of course, not every subscriber will be strongly motivated to share their feedback freely. In that case, you might need to create an incentive to encourage participation from a wide range of customers. Even something like a free month or a discount on their next renewal can be compelling. Continue reading