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Samuel Thompson

๐Ÿ‘ค Speaker
493 total appearances

Appearances Over Time

Podcast Appearances

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

And so that would be really where I would target for this.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

Yeah, and if you're over five, depending on how your math is looking, you might consider raising your price.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

Right.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

Because, again, it's all math.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

It's like is it's it's cost of traffic times conversion rate times AOV.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

Right.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

And so it's like if you can go and bump your price by more than 20 percent and your conversion rate only takes a 10 percent hit.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

Like not like 10 percent of the five.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

Right.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

So it goes to four point five.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

But you push your price up.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

Mathematically, your ROAS goes up.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

Right.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

Because like your cost of traffic maintains equal.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

You just pull more cash out of the back.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

And so you're testing that, which is like why I always do this.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

Compare at price like I'll do price testing.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

Right.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

I'll run a thousand dollars worth of ads at this thing at fifty eight.

The Startup Ideas Podcast
Build a $1M+ Solopreneur Business Using AI

See where my metrics lie.