My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Price is determined by value equation optimization, not cost-plus margins
Evidence
Same outcome (weight loss) commands $5-$50,000 depending on value equation variables
Implication
Businesses should focus on value engineering rather than cost reduction for profit growth
Counter Belief
Market determines price, businesses must accept competitive pricing
Example Application
Instead of cutting costs to compete, invest in credibility, speed, and effort reduction to justify premium pricing
Related Knowledge
Value Equation Lens
Evaluate all business decisions through the lens of how they impact the four value equation variables: dream outcome, pe
Value Equation Framework
A mathematical framework for maximizing offer value: (Dream Outcome × Perceived Likelihood of Achievement) ÷ (Time Delay
Transform existing offers to command premium pricing while increasing conversion rates
Doubling or tripling offer prices while maintaining or increasing close rates, leading to step-function business growth
Close more sales at higher prices using strategic bonus delivery instead of discounting
Higher close rates without discounting, maintaining profit margins while increasing customer satisfaction
dream outcome times perceive elective achievement below that you have time delay and then effort and
Mathematical formula for determining offer value based on four key customer perception variables
we can double the price or triple the price for offer and close at a higher percentage
Proper value equation optimization can dramatically increase both pricing and sales conversion rates