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Breakdown of Popular Pricing Strategies, Convert with Formula & more
The Growth Letter #83
Welcome to the new members of the Growth Letter who have joined us since last Tuesday. I hope you are enjoying the content. Feel free to send me a message on LinkedIn with your ideas and thoughts.
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Today at a glance:
Article: Breakdown of Popular Pricing Strategies
Post: Convert with formula
Media: How To Design Your Career For Happiness
Tool: Create videos in minutes
Framework: Effects of your decisions
Businesses put a lot of effort into determining the right product prices. Charge too little, and you'll miss out on potential revenue. Charge too much, and you'll scare away potential customers.
A great summary of the core concepts of pricing, with nice visualizations. A simple but effective way to promote your products & services.
Thomas Paris provided me with a great formula for understanding customers. It’s easy to note down and work on to increase your conversion rate.
I came across a great deep dive session from the Deep Dive series with Ali Abdaal. He spoke with Samantha Clarke about happiness and how to achieve it at your workplace. Multiple topics were touched upon, such as money, decision-making, purpose, astrology, and well-being. I found it a great watch and learned so much from it.
If you want to know more about building your space and happiness, asking the right questions is underrated. You can watch the episode here.
Steve AI is a groundbreaking AI video-creating tool that allows creating videos in minutes. Not only that, but you can do cool stuff like breaking down your blogs into video bits! Steve is an AI assistant who can understand the human mind's creative processes and fill in for you with video production.
The second-order thinking framework can be used across any decision you want. From eating cake to a business transaction. It will help you examine the long-term effects of your decisions. Most people stop at first-order thinking. Second-order thinking is necessary to make decisions that will stand the test of time. You must ensure you are okay with the long-term consequences of your decisions today.
The example above is one out of the thousand decisions taken. Using this framework helps in thinking about your decisions' short-term, medium-term, and long-term consequences.
Tim’s Hiring Zone
You can find growth-related jobs here.