The Secret Weapon to Pricing Power
Podcast 42:18 | Download | Spotify| Stitcher | iTunes
Dan and Ian explore the concept of power in business and how businesses can transition from being a grind for the owner to having sustainable pricing power.
Derived from the book 'Seven Powers' by Hamilton Helmer, they delve into the idea of cornered resources as a source of power and discuss examples of cornered resources such as patents, unique brain trust, and exclusive partnerships.
You’ll be challenged to consider how you can identify and leverage counter positioning, networked effects, distribution, and brand to sustain margins and pricing power over time.
This is an essential conversation for building and maintaining a competitive advantage in any industry.
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CHAPTERS:
(00:01:07) Understanding Business Power and Transitioning Camps
(00:09:44) The Importance of Cornered Resources in Business
(00:19:59) Leveraging Distribution as a Source of Power
(00:36:03) Unleashing the Power of Brand
LINKS:
Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal
Additional episodes you might enjoy:
The Million Dollar Service Business Playbook
Run Any Business with Just Two Simple Things
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Have comments about the show?
Do you have ideas for things you’d like Dan and Ian to discuss in future episodes?
You can email our producer Morgan at morgan@tropicalmba.com.
Thanks for listening to our show! We’ll be back next Thursday morning 8AM EST.
Cheers,
Dan & Ian