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Lesson 01 of 08

Understand Value

Lesson board: Understand Value

Understand Value: Jess and Sam consider Ben’s home-cleaning service. Full lesson text follows below.
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Understand Value

Customers weigh what they gain against what they give up.

Fictional example: Ben runs a home-cleaning business. Jess and Sam are considering hiring him.

  1. The problem. Jess and Sam spend Saturday morning cleaning their home.
  2. What they want. They want a clean home and more time to enjoy together.
  3. What Ben provides. Ben offers to clean their home, saving them the work.
  4. The decision. They decide whether the time and effort saved are worth his price.

The lesson: The value is a clean home with less work. The customer decides whether that improvement is worth the cost.

For another customer, the same service may be worth more—or less.