
The Fear Pattern
This episode takes on the second pricing trap, Fear. This maker does the math and knows the number, and then the number changes because of someone’s reaction, one that already happened or one they expect. Virginia compares it to Avoidance, where the number was the scary part. With Fear, the reaction to the number is the scary part. She splits Fear into two groups: reactive fear, where the price gives way in the moment, and anticipatory fear, where the price moves before anyone has said a word.
Then come the five personalities. The Reducer and the Follower are reactive. The Insider, the Someday, and the Clearance Rack are anticipatory. We describe what each looks like, what drives it, and a fix. Along the way Virginia shares her own answers to pushback, how she handles a friends and family discount, how she reviews and raises prices, and what she does with leftover work. She also covers how retailers plan markdowns and why handmade makers don’t have the same reasons to mark down.
The common thread is that a fear, real or imagined, gets to the number before you do. The cost across all five is the same: the margin leaks out a little at a time. The fix is to decide on purpose, ahead of time, and have your answer ready. Virginia also picks up the thread from episode 96 on how fear can ride underneath Avoidance.
The VirginiaLeighStudio Home page:
https://www.virginialeighstudio.com
The Income Math Free pdf:
www.virginialeighstudio.com/incomemath
The Fabric & Fiber Studio:
https://www.virginialeighstudio.com/thestudio
Chapters
00:00 Fear is the second trap
02:11 What fear looks like
03:33 Reactive and anticipatory fear
05:39 The Reducer
07:33 Answering “I saw it cheaper at a big box store”
08:42 The Follower 11:49 The Insider
14:20 Keeping the friends and family discount confidential
15:01 The Someday
17:44 The Clearance Rack
20:49 What all five have in common
22:29 The fix, and what’s next
Connect with Virginia:
Website = https://www.virginialeighstudio.com
Instagram = https://www.instagram.com/virginialeighstudio/
Facebook = https://www.facebook.com/virginialeighstudio
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