#2661: Why To NOT Be The “Wal-Mart” Of Your Industry

Is adopting the low-price, high-volume approach truly the optimal path for all aspiring entrepreneurs?

Today, we’re exploring why emulating Walmart or Amazon in your business might not be the best strategy. Choosing low prices and high volume can lead to challenges. Scaling requires a marketing budget, while low prices mean lower margins and more customer service demands. Instead, consider selling higher-priced offerings for better margins and a premium reputation.

Mindset around money matters; address it for entrepreneurial success.

Show notes:

[04:40]#1 Scale requires a ton of eyeballs constantly flowing to you.

[13:25]#2 Lower prices means more customer service needs, which you probably don’t want to deal with.

[20:21]#3 If you’re not going to be the cheapest, be the most expensive.

[22:44]Recap

Episodes Mentioned:

1690: A Dirty Secret That Social Media Platforms Don’t Want You To Know

2214: How Your Poor “Money Mindset” Is Keeping You Broke

2649: 25 False Money Beliefs That Are Keeping You Broke (Part 1 of 8)

To

2656: 25 False Money Beliefs That Are Keeping You Broke (Part 8 of 8)

—
All Episodes + FULL Work On Your Game Podcast archive at: 
http://WorkOnYourGamePodcast.com 

Sponsor: AG1 by Athletic Greens:
https://athleticgreens.com/WorkOnYourGame 
http://drinkAG1.com/WORKONYOURGAME 

Sponsor: AquaTru – $100 Any Purifying Filter
Http://www.WorkOnYourGame.com/AT

Sponsor: STASH Investments – start with $5!!
http://www.WorkOnYourGame.com/stash 

Sponsor: GoPuff – $15 Off Your First 3 Orders
http://www.WorkOnYourGame.com/gopuff 

Next Steps:

#DailyMotivation Text:
Text Dre at 1.305.384.6894 (or go to http://DreAllDay.com/Text)

Work On Your Game University (Coaching & Courses):
http://www.WorkOnYourGameUniversity.com 

Work On Your Game LIVE: http://WorkOnYourGame.LIVE 

Training – 6 Figure Earners Who Want To Reach 7 Figures:
http://www.WorkOnYourGame.net 

Facebook Business Group: https://www.facebook.com/groups/6figuresandgrowing/ 

Get Dre’s Emails: 
Http://WorkOnMyGame.com 

Free Audiobooks: 
The Third Day: http://www.ThirdDayBook.com/audible
The Mirror Of Motivation: http://www.MirrorOfMotivation.com/audible

Get The Free Books:
The Third Day: http://ThirdDayBook.com 
The Mirror Of Motivation: http://MirrorOfMotivation.com
The Overseas Basketball Blueprint: http://BallOverseas.com 
Basketball: How To Play As Well As You Practice: http://HoopHandbook.com/Free 

Donate: 
CashApp: http://Cash.app/$DreBaldwin 
PayPal: http://PayPal.me/DreAllDay 

Be sure to Subscribe to have each new episode sent directly to you daily! If you’re enjoying Work On Your Game, please Review the show and let us know! 

Dre on social media:
Instagram [http://instagram.com/DreBaldwin]
Facebook [http://Facebook.com/WorkOnYourGame]
Twitter [http://Twitter.com/DreAllDay]
YouTube [http://youtube.com/dreupt]