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Watch E-commerce Jason Whaling Video: Best Pricing Strategies For Consultants - Maximize Your Profits & Attract Your Dream Client.
If you're a new consultant these simple pricing strategies can help you attract the right clients and maximize your revenues. Side step the common notice consulting mistakes and get paid a rate you deserve.
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Table of Contents:
0:00 - Intro
0:42 - Hourly
2:01 - Package
5:18 - Hourly + Package
6:34 - Percent
8:50 - How Much?
13:13 - Outro
Best Pricing Strategies For Consultants - Maximize Your Profits & Attract Your Dream Client
Want to know how to price your services?
In this pricing strategy guide, you’re going to learn the best pricing strategies for services when you’re just getting started. This video is your guide to the ultimate pricing strategy to charge what your time is worth.
A business can use a variety of pricing strategies when selling a product or service. But when you set a price for your product or services, make sure to arrive at a suitable price. You can use the different business pricing strategy such as competitive pricing strategy or value-based pricing strategy in pricing your products or services.
The tricky part is figuring out how much to charge clients for your services based on the results you can deliver, and what is actually worth to your potential clients.
We will share with you the three best pricing models to use if you’re just getting started selling your services as a consultant. These three pricing model strategies are: Hourly, Package and Percentage.
Out of these four pricing strategies for services, Hourly is good when you are getting started and when you’re doing creative work or any type of support work. This is good for two reasons: it’s going to protect you, and it’s going to protect yourself from scope creep.
On the other hand, Package might be the hardest but it’s the best place to start when pricing for services. The reason behind this is that you can productize your service. Every gig is a package of services and deliverables! Create your packages, choose your ideal customer and stick to it.
Now, when done right, Percentage can be the best and most profitable model when you get into high ticket clients who understand pay per performance.
In this pricing guide, learn the basic pricing strategies for services and how to price your digital marketing services. Likewise, we’re going to wrap up how to actually physically choose the pricing model that you start with, and of course, how to scale as your company scales.
Another thing to note when pricing your services, make sure your price is not too high because then nobody wants to do business with you. While if your price is too low, you get lots of business but you’re working your tail off for pennies on the dollar. So there is a happy medium pricing strategy for services which we are going to discuss here today.
It’s important to remember that you are not selling what you do; you’re selling the outcome, the result of your hard work. That’s what your clients are actually paying for at the end of the day. Watch this pricing strategy guide so that you will know everything you need to know when pricing you services!
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