How to Price Correctly as a Service Based Business
Financial and Lifestyle Freedom for UK Business Owners
English - August 01, 2022 08:00 - 10 minutes - 9.42 MB - ★★★★★ - 3 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Expectation vs. Reality: Challenges in Life & Business and its Solution
When your business is service-based, pricing can seem to be very daunting. The price you charge for your services is one of the hardest decisions you make because setting a price that is too high or too high can limit your business growth. Worst, it can cause serious problems for your cash flow.
In this episode, Annette will help you look at the two sides of pricing perspectives in order to get a win-win proposition for both you and your clients. Consider taking notes or even downloading this episode for later reference.
Here are a few insights you’ll hear in today’s show…
Different pricing methods and the most effective pricing strategy for service-based businesses.The number crunching perspective - Examining your pricing by looking at the COSTS that needs to be layered in to deliver the service to clients.Why is examining pricing on a regular basis important?Pricing from the value perspective - Examining your pricing by looking at the VALUE you are delivering to your clients. Is it possible that you can deliver the quadrupled value for the doubled price?If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected].
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