In this insightful episode, Ryan delves deep into the art and science of pricing strategies, sharing his valuable experiences and the pivotal shift towards catering to high-end clients in 2019. From Amazon's diversified profit strategies to the hands-on challenges of the garage door industry, Ryan covers a broad spectrum of business wisdom, emphasizing the critical importance of understanding business fundamentals, managing risks, and committing to quality for sustainable growth.
**Highlights:**
High-End Focus: Ryan's strategic pivot to serving high-end clients, enhancing staff quality and service offerings to justify premium pricing.
Value-Based Pricing: The importance of pricing based on the value delivered rather than competitor pricing, ensuring businesses cover their costs while delivering exceptional service.
Amazon's Profit Margins: A discussion on Amazon's low e-commerce profit margins contrasted with its lucrative AWS platform, highlighting the importance of diversification.
Scaling and Risk Management: Insights into scaling businesses, using examples like Amazon and Zappos, and the necessity of having multiple revenue streams to mitigate risks.
Garage Door Industry Dynamics: Ryan shares his personal journey and the challenges of lead generation and supply-demand dynamics in the garage door business.
Quality and Pricing Strategy: The emphasis on using high-quality parts, charging more than cost, and the need to educate customers on the value of products and services.
Financial Prudence: Urging financial wisdom, understanding pricing, and improving customer service and operational systems for overall business health and personal well-being.
Find Ryan at:
https://garagedooru.com
https://aaronoverheaddoors.com
https://suchnsuchmedia.com
Check out our sponsors!
Sommer USA - http://sommer-usa.com
Surewinder - https://surewinder.com
Stealth Hardware - https://quietmydoor.com/
Monday Morning Myndset S1E6
TT S6 E10 - GDU Event At Aaron Overhead Doors
Monday Morning Myndset S1E5
TT S6 E9 - Adam Weber Visits Aaron Overhead Doors
Monday Morning Myndset S1E4
TT S6 E8 - Your Culture Is Your Brand
Monday Morning Myndset S1E3
S6 Ep7 - Startup Door Company
Monday Morning Myndset S1E2
S6 Ep6 - What Do Companies Do to Create Great Company Culture?
Monday Morning Myndset S1 E1
Open Conversation About State of The Door Industry S6 Ep5
S6 Ep4 Company Culture Convo W/ Derek Lyons
S6 Ep3 Company Culture Dee Ann Turner
S6 E2 Meaghan Likes - Torsion Talk Podcast
Season 6 Episode 1 Josef Roberts (E-Squared)
Ryan Talks About Crypto Currency W/ Tommy Lin - Torsion Talk S5E20
Employee Compensation - Torsion Talk s5ep19
Tommy Mellow - Torsion Talk s5ep18
Put Up Your Shopping Cart - Torsion Talk Podcast s5ep17
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money