Daily Business Hustle

How To Increase Your Prices (3 Tested Methods) - Endowment Effect Explained

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Sinopsis

Here are my 3 favorite methods to charge more (increase prices) for your products and services. The endowment effect is huge in explaining what's going on, check out my podcast to find out the 3 tested methods I use. “Want to connect on facebook? Add me on Facebook: http://www.facebook.com/aleksander.vitkin When you are buying something there is a little bit of a conflict of interest between you and the person selling. It feels like the person thinks that his good or service is worth more than the value that you are paying for. A lot of negotiations are going on in your head. Sometimes you are willing to accept the offer, but sometimes you feel like the product does not worth that much and you want to negotiate. Let’s talk about this situation from the point of view of the seller. I want to get you to make more money, build your business and increase your prices, so let’s talk from that point of view. This is something that is called the endowment effect. The endowment effect is when you are selling