RAFI MOHAMMED
Rafi Mohammed has been working on pricing issues for over 25 years. He is the founder of Culture of Profit, a Cambridge, Massachusetts-based company that consults with businesses to help develop and improve their pricing strategies.
Exclusively represented by BrightSight Speakers, Rafi is the author of The 1% Windfall: How Successful Companies Use Price to Profit and Grow (HarperBusiness), which provides a blueprint for managers to create a comprehensive pricing strategy. His first pricing strategy book, The Art of Pricing (originally published by Crown Business and updated in 2017), has been translated into seven foreign languages. Rafi has written over 95 articles on innovative pricing strategies for the Harvard Business Review. The most popular is a feature article published in the September/October 2018 Harvard Business Review magazine titled “The Good-Better-Best Approach to Pricing.”
Rafi is a frequent commentator and contributor on pricing strategy issues to the media including Bloomberg Business Television, CNBC, Fox Business News, Today Show, National Public Radio, New York Times, Wall Street Journal, and BusinessWeek.
Rafi was born in Milwaukee and raised in Cincinnati. He is an economics graduate of Boston University, the London School of Economics & Political Science, and Cornell University (Ph.D.). Rafi is an avid Bruce Springsteen fan.
This one-hour talk features Rafi’s greatest hits of insights garnered from two pricing strategy books, 95+ Harvard Business Review articles, and 25+ years of on-the-road experience working with companies. This engaging hour is filled with real-life examples and humorous stories. Attendees will leave Rafi’s speech with a new way to think about pricing and most importantly, a list of strategies to develop when they return to the office. Salon sessions can be added to this speech.
This customized workshop is designed to develop first-cut strategies to help a company capitalize on its pricing opportunities. Kicking off with Rafi’s greatest hits of pricing, the remainder of the workshop is filled with group brainstorming, breakout sessions, and synthesizing new ideas. At the end of a workshop, attendees will be energized to implement company-specific strategies including setting prices that capture value, Good-Better-Best, bundles, new pricing plans, and thoughtful discounting. The goal is to identify strategies that can boost profits by 15% - 25% within one to three quarters. Rafi encourages companies to share background information in advance to maximize the effectiveness of his moderation. This workshop can be modified to accommodate multiple companies or divisions.
Rafi’s Harvard Business Review article titled “The Good-Better-Best Approach to Pricing” resonated with managers globally. Every company should offer Good-Better-Best (G-B-B) options. The upside potential is significant. “Good” targets budget customers who otherwise would not purchase. “Best,” often priced at 40% - 100% higher than the current product, typically garners 30 – 50% of the revenue for a suite of G-B-B products.
This customized workshop is a mix of presenting road-tested ideas, engaging breakout sessions, and group brainstorming. By the conclusion, companies will have created a strong first cut of their own G-B-B strategy. Rafi encourages companies to share background information in advance to maximize the effectiveness of his moderation.
The Art of Pricing: How to Find the Hidden Profits to Grow Your Business
Want to make a bad year better or turn a good year into a blockbuster? Improve your pricing strategy and discover the untapped gold mine that exists in your products and services.
The 1% Windfall: How Successful Companies Use Price to Profit and Grow
Rafi Mohammed shows businesses how to reap financial windfalls and sustain growth using the underexploited and often overlooked strategy of setting prices.