Sales and discounts can bring people in the door — but they can also quietly eat away at your profits and your brand. In this episode of Main Street Matters, Patrick Keiser continues our series inspired by Thomas Nagle’s The Strategy and Tactics of Pricing with a practical look at how to design promotions that drive results without eroding your value.

As Nagle reminds us: “Discounts should reinforce value, not replace it.”

In this episode, you’ll learn:

• Why random discounts train customers to wait for sales — and how to stop the cycle
• The five true purposes of a good promotion (and how to align each with your goals)
• How to reward loyalty, move inventory, and celebrate occasions without hurting margins
• The difference between discounting and adding value — and why it matters
• Three simple ways to start running smarter, more intentional promotions this week

If you’re tired of feeling pressured to mark things down, this episode will help you plan promotions that strengthen your brand, reward your best customers, and keep your profits healthy.

Keywords: independent retail, small business pricing, retail promotions, discount strategy, purposeful marketing, value-based pricing, Main Street marketing, The Strategy and Tactics of Pricing

Customers don’t automatically see your value — you have to show it. In this episode of Main Street Matters, Patrick Keiser continues our series inspired by Thomas Nagle’s The Strategy and Tactics of Pricing with a focus on one of the most important — and often overlooked — parts of pricing strategy: how to communicate your worth clearly, consistently, and confidently.

As Nagle writes: “Value must be perceived to be realized.”

In this episode, you’ll learn:

• Why even great products and service can go unnoticed without strong communication
• How to express value without sounding “salesy” or defensive
• Practical ways to show value through signage, storytelling, packaging, and staff language
• How to build confidence in your pricing and help your team do the same
• Three small changes you can make this week to make your value visible — and your prices feel natural

If you’ve ever struggled to explain why your store is “worth it,” this episode will help you master the language, visuals, and confidence that turn clarity into profit.

Keywords: independent retail, small business pricing, value communication, customer experience, retail storytelling, pricing confidence, Main Street marketing, The Strategy and Tactics of Pricing

Big-box stores and online giants can always go lower — but independent retailers can always go better.

In this episode of Main Street Matters, Patrick Keiser continues our series inspired by Thomas Nagle’s The Strategy and Tactics of Pricing with one of the most important topics in retail: how to win customers without racing to the bottom.

As Nagle reminds us: “Competing on price alone is a strategy for those who cannot compete on value.”

In this episode, you’ll learn:

• Why lowering prices rarely leads to loyalty or profit
• How to identify your true sources of value — expertise, service, trust, and community
• Ways to communicate value clearly so customers understand what makes you different
• How to respond when customers mention cheaper competitors — without apologizing for your prices
• Three simple steps to start building a value-first mindset this week

If you’re tired of feeling pressured to match online discounts, this episode will help you reframe competition, strengthen your confidence, and focus on what truly makes your business worth choosing.

Keywords: independent retail, small business pricing, value-based pricing, pricing strategy, customer loyalty, retail differentiation, Main Street marketing, Thomas Nagle, The Strategy and Tactics of Pricing

The right price isn’t just a number — it’s a design. In this episode of Main Street Matters, Patrick Keiser continues our series inspired by Thomas Nagle’s The Strategy and Tactics of Pricing with a deep dive into how price structure shapes customer choice.

As Nagle writes: “A good price structure turns the art of selling into the science of choice.”

In this episode, you’ll learn:

• Why the way you present prices matters as much as the price itself
• How to build tiers, bundles, and versions that fit your customers and increase confidence
• Simple design rules for “good, better, best” options that guide — not overwhelm — your shoppers
• The pitfalls to avoid when bundling or adding options (and how to keep it simple)
• Three steps you can take this week to start designing offers that work for you and your customers

If you’re ready to stop discounting and start designing your pricing for clarity, confidence, and connection, this episode will show you how to do it — one structure at a time.

Keywords: independent retail, small business pricing, retail bundles, tiered pricing, price structure, retail strategy, Main Street marketing, Thomas Nagle, The Strategy and Tactics of Pricing

Why do some prices feel right while others trigger hesitation? In this episode of Main Street Matters, Patrick Keiser explores one of the most fascinating and practical parts of pricing strategy: the psychology behind how customers perceive value.

As Thomas Nagle writes in The Strategy and Tactics of Pricing, “Customers do not perceive prices as numbers; they perceive them as cues about value.”

In this episode, you’ll learn:

• Why customer perception matters more than the number itself
• The key psychological principles behind price perception, from anchoring and charm pricing to the decoy effect
• How display design, product storytelling, and staff language can shift how customers feel about price
• Three simple ways to apply pricing psychology in your shop this week

If you’ve ever wondered why a $49 item sells better than one priced at $50 or how to make prices feel fair, confident, and aligned with your brand, this episode will give you the insight (and tools) to do it.

Keywords: independent retail, small business pricing, pricing psychology, value perception, retail strategy, price anchoring, behavioral economics, Main Street marketing, The Strategy and Tactics of Pricing

Not all customers are created equal — and they shouldn’t all pay the same price. In this episode of Main Street Matters, Patrick Keiser continues our series inspired by Thomas Nagle’s The Strategy and Tactics of Pricing with a deep dive into customer segmentation — the key to understanding who truly values your products, services, and experience.

As Nagle writes: “Value is always specific to a particular segment of customers.”

In this episode, you’ll learn:

• Why treating every customer the same is costing you profit and loyalty
• The five common retail segments — from bargain hunters to loyal locals — and what each truly values
• How to identify and track your own customer segments using simple observation and data
• Ways to design prices, offers, and bundles that let each group self-select naturally
• Real Main Street examples of stores using segmentation to serve better and earn more

If you’ve ever wondered how to please different customers without discounting across the board, this episode will show you how to price smarter and serve everyone more effectively.

Keywords: independent retail, small business pricing, customer segmentation, value-based pricing, retail strategy, pricing psychology, Main Street marketing, The Strategy and Tactics of Pricing, Heart on Main Street, Patrick Keiser

Most independent retailers set prices the same old way — take the cost, add a markup, and hope for the best. But what if that approach is quietly costing you money? In this episode of Main Street Matters, Patrick Keiser continues our series inspired by Thomas Nagle’s The Strategy and Tactics of Pricing with a deep dive into value-based pricing — the method that starts with your customer, not your calculator.

As Nagle explains: “The right price is one that reflects the value delivered to the customer, not simply the seller’s cost.”

In this episode, you’ll learn:

• Why cost-plus pricing caps your profits and hides opportunity
• What value-based pricing really means (in plain English)
• How to uncover what customers truly value — and price accordingly
• Real-world Main Street examples of retailers charging more and earning more
• Three simple actions you can take this week to start pricing for value

If you’re ready to stop guessing, stop racing to the bottom, and start getting paid for the real value you deliver, this episode is for you.

Keywords: independent retail, small business pricing, value-based pricing, retail strategy, profitability, pricing psychology, Main Street marketing, Thomas Nagle, The Strategy and Tactics of Pricing, Heart on Main Street, Patrick Keiser

Independent retailers often focus on cutting costs or boosting sales — but the fastest way to improve profitability is through smarter pricing. In this kickoff to our new 10-part series based on The Strategy and Tactics of Pricing by Thomas Nagle, Patrick Keiser explains why even a small change in price can have a dramatic impact on the bottom line.

As Nagle reminds us: “Pricing is the moment of truth — every dollar of revenue is the result of a pricing decision.”

In this episode, you’ll learn:

• Why a 1% price change can deliver more profit than a 1% increase in sales or a 1% cut in costs
• The common pricing mistakes most Main Street retailers make (fear, cost-plus thinking, copying competitors, constant discounting)
• Why price is not just a number but a strategic choice that communicates value
• A simple three-step process to start using pricing power this week

If you’re ready to stop leaving money on the table and start thinking about pricing as a strategy — not a guess — this episode will set the stage for the series ahead.

Keywords: independent retail, small business pricing, pricing strategy, profitability, value-based pricing, retail growth, Main Street business, Thomas Nagle, The Strategy and Tactics of Pricing, Patrick Keiser, Heart on Main Street