PODCAST: YOUR PRICE IS TOO LOW!
Today’s #PoisedforExit episode featured pricing expert, radio host and speaker, John Ray. John’s expertise in how to price your services is far reaching, and we only touched on the tip of the iceberg with this episode, but you’re sure to glean some valuable nuggets from this interview just the same!
He says most professionals price their services too low. There are many reasons for this (Imposter Syndrome, for one) and many times the service provider doesn’t have the proper tools to analyze their current pricing. One important factor used in determining a reasonable, profitable price is behavioral economics. Why do people buy from you? How do you get to the heart of what matters to the client? What services do you already deliver that would be perceived higher in value by the client and therefore should command a higher rate?