The 2 Most Important Ways To Price Your Product or Service
You’re great at what you do and you know you can deliver results for your clients.
You’re ready to get some sales and make some money
… But how much will your client be willing to pay?
What’s the right way to price your product or service without underpaying yourself or procrastinating while trying to get clients?
There are 2 main pricing decisions:
1. Time VS Fixed Packages
There are only so many hours in a day
So how valuable is your time?
When you charge on an hourly basis, it’s much easier to get work,
It takes less commitment from your client because there is no minimum price.
The other option is to charge a fixed price
I believe you should start charging as a package once you know how long the work takes you
Clients are usually happier to pay for a package
And if you can get the work done faster than before
You are now charging more for your time
2. Value VS Competitors Pricing
You can either charge based on the value you deliver to your client
Or use your competitors prices as a comparison
Personally, I prefer charging based on value because I’m confident in the results that I can get for my clients
Your clients WONT choose to work with you based on your pricing
They will choose to work with you
Because they trust you, your quality and ability to deliver results
More often than not
I find that my clients choose me
Regardless of my competitors pricing