How to Avoid the Sunk Cost Trap in Pricing

Cost-plus pricing sounds logical, add a margin on top of your costs and call it a day. But in reality, it caps your profit, hides inefficiencies, and forces customers to pay for your past mistakes. In this episode, we break down the behavioral economics of cost versus sunk cost, and how ignoring sunk costs can make your pricing more strategic. You’ll learn how to separate fixed from variable costs, play with seasonal margins, and price based on value, not old investments.Connect✅ Download our Behavioral Pricing Playbook for smart guidance on creating pricing that scales with your business.✳️ Grab a free 15 Minute Pricing Audit to make sure your pricing reflects your value.❇️ Connect with us on LinkedInCreditsHost – Etinosa AgbonlahorProduction – Juan PabloMusic – Serge Quadrado Music Hosted on Acast. See acast.com/privacy for more information.