TFS 332:  When to Offer Discounts

TFS 332: When to Offer Discounts

Author: Charles M Wood May 28, 2019 Duration: 52:45
Sponsors Panel
  • Jeremy Green
  • Erik Dietrich
Summary The panel goes into detail on the most common reasons to give a discount, sharing experiences and whether or not it's a good idea to give these types of discounts. They generally agree that a "friends and family discount" is never a good idea and discuss the long term problems it can cause both in relationships and your business. The panel discusses offering a discount to get your foot in the door and to better your portfolio. Supporting non-profits and making sure you receive the proper credit for your work is discussed. Offering discounts as part of your business model is considered, discounts such as paying upfront or high volume discounts, are weighed. Jeremy Green shares an experience and warning against helping a business just because you like what they are doing. The panel gives advice on how to say no to someone asking for a discount.  They finish the episode with more advice on why to give a discount and explain some of the negative effects giving out too many discounts or giving discounts for the wrong reason can have on your business. Links Picks Jeremy Green: Erik Dietrich:

Charles M Wood hosts The Freelancers' Show, a conversation built on the understanding that running your own business involves far more than just doing the work. Each episode digs into the real, often unspoken, challenges of independent life. You’ll hear practical discussions about finding and retaining clients, setting sustainable rates, and navigating the complexities of self-employment taxes and contracts. The focus extends beyond mere marketing tactics to include managing your time and energy, avoiding burnout, and creating a professional lifestyle that actually works for you. This podcast recognizes that continuous learning is non-negotiable, so topics often explore skill development and adapting to new industry trends. It’s a resource for anyone who wants to think more strategically about their freelance career, moving from just getting by to building something resilient and rewarding. Tune in for honest talk that balances the entrepreneurial excitement with the grounded advice needed to make it last.
Author: Language: English Episodes: 100

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