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How to Develop a Competitive Pricing Strategy

Updated on : 20 Dec 2024

I have a story for you—one that taught me a huge lesson about pricing and how it can make or break your business.

When I was 13, I used to sell R4 cards at car boot sales. At first, it was easy money. But before long, others started undercutting me. What started as a profitable venture turned into a race to the bottom, and soon I was barely breaking even.

That experience stuck with me and taught me one thing: Competing purely on price is a surefire way to fail.

So, how do you develop a pricing strategy that works? It’s not about cheapening your product—it’s about value stacking.

In this week’s newsletter, I break down:

  • Why the race to the bottom never works.
  • How to add layers of value to your product or service to make it irresistible.
  • Why customer service could be the key to keeping your customers loyal.

Ready to stop competing on price and start offering true value?

👉 Check out the full strategy here

Let’s make sure your business lasts longer than my 6-week R4 card run!

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Michael Brodie

Meet Michael Brodie, the go-to expert in outsourcing and the driving force behind VirtualStaff.ph

Founder of VirtualStaff.ph – On a mission to revolutionize the Philippines BPO industry with a complete HR, payroll, compliance, and team-building solution. Michael is obsessed with helping companies scale and build fantastic teams while empowering Filipino talent with the best opportunities.


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