Can we have an honest conversation about your business? Like a heart to heart of something that you need to hear?
I know you’re hustling hard and are ready to grow your business but you feel stuck. I see it happen all the time.
you are scared to raise your prices because no one will buy and then you will be out of business.
But do you want to know what the real issue is? You’re undercharging your services and it’s hurting your business more. You’re overworking and undercharging and inevitably you are burning out and my heart hurts for you. The whole reason you started your biz was to AVOID these feelings.
I know, you’re reading this and saying, “I want to raise my pricing but I don’t know if my ideal client will buy”
So let’s break it down for you:
Let’s say you have 5 clients who pay you $200 each every month. So you are making $1000 a month. While 20 hours at $10/hour doesn’t sound so bad, let me show you what is even more possible.
Imagine we take all your packages up to $500, and all of your clients say yes. You would now make $2500 a month.
So how do you do this?
Increase pricing as you sign clients because you are now in demand.
Raise your prices on current clients when they cycle out of their contract to allow your revenue to grow.
Later on the blog, we will talk about how to diversify your offers to allow yourself the capacity to make more profit.
P.S If you want your own pricing audit, shoot me a DM on IG with your prices