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Prices Are Stories

filed in Brand Strategy, Success

The difference between an $800 pair of Jimmy Choo sandals and those you can buy in Target for $20, isn’t only the quality of the materials. The prices we pay or charge are not just stories about value. They are stories about intentions and expectations—not just on the part of the customer, but also on the vendor.

Customers make assumptions about what they’re buying based on what they pay, and sellers make assumptions about the kind of customers they will attract with a particular pricing strategy. But price alone is a crude way to sort your right customers from your wrong customers.

Just because someone has the money to pay what you’re charging, doesn’t mean they’re your ideal customer. If you get to choose what you work on or make, you also get to decide who to serve.

What are your criteria for choosing the customers and clients who allow you to do your best work, and make it joyful into the bargain?

Image by Steven Guzzardi

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