Maximize Profitability and Value with these Revolutionary Pricing Models with Dan Zatta

Dan Zatta is a leading management advisor in topline growth. He specialized in profit improvement on the revenue side, with extensive experience in pricing. He is the author of the books ‘The 10 Rules of Highly Effective Pricing’ and ‘The Pricing Model Revolution’, translated into 10+ languages. In this episode, Dan shares how these pricing models he mentions in his book can greatly impact a company's growth and profitability when used in a comprehensive approach.   Why you have to check out today’s podcast: Explore the various pricing models that can significantly influence your bottom line Discover a pricing model that helps you identify an additional unique selling point, ultimately boosting profitability Learn why it's crucial to have a holistic perspective of the company's overall impact before embracing innovative revenue models   "Make sure to be quick in increasing prices, ideally combine this with additional value to meet your profitability targets." - Dan Zatta   Topics Covered: 01:13 - What finally got him into pricing after being a generalist 02:05 - A trick he does to gain sales peoples' support when increasing prices 02:32 - What inspired him to write his book 'The Pricing Model Revolution' 04:16 - Pricing as not an exact science 05:29 - An interesting fact about another reason for writing his book 'Revenue Management in Manufacturing' 07:34 - From an academic writing style to using language understood by non-pricing experts in writing his books 08:48 - What AI-based Pricing can do for your bottom line even when you are already an advanced organization 11:19 - Many more AI-based pricing opportunities available even with companies already using AI 12:34 - Explaining what Neuro Pricing is and the tool used for this 14:34 - Creating another source of competitive advantage in pricing with outcome-based pricing 17:18 - The need for comprehensive view into the company before adopting pricing models 19:31 - Defining Sympathetic Pricing 21:52 - Important thoughts on the idea of price fairness 25:21 - What is Psychological Pricing  27:28 - Dan's best pricing advice   Key Takeaways: "Let's think about value also when we price and looking into outcomes could be one of those." - Dan Zatta "If you are not changing your processes the way you're approaching how salespeople are compensated, then you risk having an issue with the model that maybe is great, but it's not pushed internally. And the same can be the case with incentives for clients." - Dan Zatta "The impact of volatility of raw materials, there is still inflation in a number of countries. So rather than waiting, make sure that you're not losing time because the more time passes when costs are increasing, the more time you will need to recover profitability." - Dan Zatta   People/Resources Mentioned: The Pricing Model Revolution by Danilo Zatta: https://www.amazon.de/dp/1119900573/ref=tsm_1_fb_lk Revenue Management in Manufacturing: State of the Art, Application and Profit Impact in the Process Industry by Danilo Zatta: https://www.amazon.com/Revenue-Management-Manufacturing-Application-Industry/dp/3319302396 Uber: https://www.uber.com Lyft: https://www.lyft.com Peter Drucker: https://en.wikipedia.org/wiki/Peter_Drucker   Connect with Dan Zatta: LinkedIn: https://www.linkedin.com/in/danilo-zatta/   Connect with Mark Stiving: LinkedIn: https://www.linkedin.com/in/stiving/ Email: [email protected]