-What company lost millions in dollars and customers, then gave their CEO a 100% pay increase?
-And How to raise prices for your products or services and not lose business
*******HOT POTATO NEWS
1. Is Ala Carte ruining the Airline Industry? Add on fees initially kept the cost of the air ticket down. They have creeped up, along with increased fees. Is air travel a unique industry for pricing? http://www.telegram.com/article/20121230/NEWS/112309994/1002/business
- Lon: No fees on Southwest
- Everyone else subsidzes elite flyers on major airlines. They pay no fees.
2. Double you’re prices and see the CEO double his pay. NetFlix CEO Reed Hastings gets $4million now. $10-$20 monthly subs or $8/mo. We can complain, but only cable TV providers might listen — and laugh.
Lon: Consumers need to demand more, people complain but don’t change their behavior which is why companies get away with this stuff.
*************FOCUSED DISCUSSION LINKS
At some point, we all have to raise prices for our products or services. This is a lose-lose situation: I hate having to re-explain or re-sell why I’m valuable at a certain price, and certainly my customers our advertisers here don’t JUMP at the opportunity to spend more.
Here are some tips:
Inc Magazine (Ken Cook contributor) http://www.inc.com/tom-searcy/raise-prices-without-losing-customers.html
Small Business Success Blog | blog.score.org
Tell us what you think. Email Tommy or Ken at OpenForBusiness@OnTheHORN.com.
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