Comments on: the key to unlocking premium prices + Why my prices are going up 150% http://heyshenee.com/my-simple-approach-to-foolproof-pricing-why-my-prices-are-going-up-150/?utm_source=rss&utm_medium=rss&utm_campaign=my-simple-approach-to-foolproof-pricing-why-my-prices-are-going-up-150 Build a business that is impossible to ignore Thu, 13 Jun 2013 20:57:36 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Cecilia http://heyshenee.com/my-simple-approach-to-foolproof-pricing-why-my-prices-are-going-up-150/#comment-645 Cecilia Wed, 03 Oct 2012 17:31:50 +0000 http://heyshenee.com/?p=2127#comment-645 Hey Shenee! I just wanted to thank you for this post. I read it awhile back and came back to it a few times. I have a bit of a problem with being a serial discounter. I have a rate. It's not a necessarily a premium rate but it's one that I can live with. The problem is, that I rarely charge it, I'm always offering discounts and packages that cut my hourly rate to one that I'm not super happy with. I have a client who I worked with in the Spring. We did some good work together but I had discounted my rate way too much. I was trying to take care of her and that's not good for anyone. She wants to work together again this fall and I made a different proposal. I came up with a three month program tailored just for her. I sent a detailed list of what in included and how I could help. I account for all of my time and support and charged my FULL rate for each and every hour and included costs for travel time. I didn't hear back from her for awhile and I assumed that what I had asked for was too much. Today I got an email saying that my proposal was totally reasonable. Her husband even wrote this "The offer of a fixed monthly cost and the value of that cost is reasonable." This is HUGE for me. Big, big, big! I just wanted to share. I learned a big lesson today. Hey Shenee!
I just wanted to thank you for this post. I read it awhile back and came back to it a few times. I have a bit of a problem with being a serial discounter. I have a rate. It’s not a necessarily a premium rate but it’s one that I can live with. The problem is, that I rarely charge it, I’m always offering discounts and packages that cut my hourly rate to one that I’m not super happy with.

I have a client who I worked with in the Spring. We did some good work together but I had discounted my rate way too much. I was trying to take care of her and that’s not good for anyone.

She wants to work together again this fall and I made a different proposal. I came up with a three month program tailored just for her. I sent a detailed list of what in included and how I could help. I account for all of my time and support and charged my FULL rate for each and every hour and included costs for travel time.

I didn’t hear back from her for awhile and I assumed that what I had asked for was too much. Today I got an email saying that my proposal was totally reasonable. Her husband even wrote this “The offer of a fixed monthly cost and the value of that cost is reasonable.”

This is HUGE for me. Big, big, big! I just wanted to share. I learned a big lesson today.

]]> By: editorAmyLScott http://heyshenee.com/my-simple-approach-to-foolproof-pricing-why-my-prices-are-going-up-150/#comment-452 editorAmyLScott Fri, 17 Aug 2012 21:44:55 +0000 http://heyshenee.com/?p=2127#comment-452  @heyshenee Good point! I might have to come to you for a pep talk when it's time to decide on next year's rates. :)  @heyshenee Good point! I might have to come to you for a pep talk when it’s time to decide on next year’s rates. :)

]]> By: heyshenee http://heyshenee.com/my-simple-approach-to-foolproof-pricing-why-my-prices-are-going-up-150/#comment-448 heyshenee Fri, 17 Aug 2012 02:04:19 +0000 http://heyshenee.com/?p=2127#comment-448  @HannaCooper  You go girl! Just say no! :) And YOU ROCK! :)  @HannaCooper  You go girl! Just say no! :) And YOU ROCK! :)

]]> By: heyshenee http://heyshenee.com/my-simple-approach-to-foolproof-pricing-why-my-prices-are-going-up-150/#comment-447 heyshenee Fri, 17 Aug 2012 02:03:46 +0000 http://heyshenee.com/?p=2127#comment-447  @JLeeGalanti I LOVE this idea of discounting their potiental. What a fantastic thought. And it is totally a great way to think of price. It's not about YOU costing too much, It's about them not thinking they can step it up and honor it.   @JLeeGalanti I LOVE this idea of discounting their potiental. What a fantastic thought. And it is totally a great way to think of price. It’s not about YOU costing too much, It’s about them not thinking they can step it up and honor it. 

]]> By: heyshenee http://heyshenee.com/my-simple-approach-to-foolproof-pricing-why-my-prices-are-going-up-150/#comment-446 heyshenee Fri, 17 Aug 2012 02:01:41 +0000 http://heyshenee.com/?p=2127#comment-446  @mindycrary  Fantastic! I am so glad resonated! And it's totally true, we teach people how to treat us and we don't want to shrink to fit other's expectations, we gotta grow into our own awesomeness and hope the right people come along for the ride! :)  @mindycrary  Fantastic! I am so glad resonated! And it’s totally true, we teach people how to treat us and we don’t want to shrink to fit other’s expectations, we gotta grow into our own awesomeness and hope the right people come along for the ride! :)

]]> By: heyshenee http://heyshenee.com/my-simple-approach-to-foolproof-pricing-why-my-prices-are-going-up-150/#comment-445 heyshenee Fri, 17 Aug 2012 02:00:26 +0000 http://heyshenee.com/?p=2127#comment-445  @OladipoJoyce    Totally true! And can I quote you on that 40% increase? That is awesome! :)    I am SO excited that you have made such a huge investment in yourself and your business! SO AWESOME!  @OladipoJoyce 
 
Totally true! And can I quote you on that 40% increase? That is awesome! :)  
 
I am SO excited that you have made such a huge investment in yourself and your business! SO AWESOME!

]]> By: heyshenee http://heyshenee.com/my-simple-approach-to-foolproof-pricing-why-my-prices-are-going-up-150/#comment-444 heyshenee Fri, 17 Aug 2012 01:59:11 +0000 http://heyshenee.com/?p=2127#comment-444  @editorAmyLScott  Yeah! Especially for what you do --- I mean, a book! That is a huge investment of time and energy that most people can't do on their own and that is worth a lot!   @editorAmyLScott  Yeah! Especially for what you do — I mean, a book! That is a huge investment of time and energy that most people can’t do on their own and that is worth a lot! 

]]> By: editorAmyLScott http://heyshenee.com/my-simple-approach-to-foolproof-pricing-why-my-prices-are-going-up-150/#comment-443 editorAmyLScott Thu, 16 Aug 2012 17:07:13 +0000 http://heyshenee.com/?p=2127#comment-443 Wow, this is such a timely post, Shenee! My new program starts on Monday and I've had a couple people tell me they think the price is too low. Since this is the first time I'm offering it, it seemed like a good idea to start with a lower price, but now I'm not so sure! I will definitely be taking these ideas into consideration when it comes to pricing the next round of The Book Within. Thanks! Wow, this is such a timely post, Shenee! My new program starts on Monday and I’ve had a couple people tell me they think the price is too low. Since this is the first time I’m offering it, it seemed like a good idea to start with a lower price, but now I’m not so sure! I will definitely be taking these ideas into consideration when it comes to pricing the next round of The Book Within. Thanks!

]]> By: OladipoJoyce http://heyshenee.com/my-simple-approach-to-foolproof-pricing-why-my-prices-are-going-up-150/#comment-442 OladipoJoyce Thu, 16 Aug 2012 16:06:54 +0000 http://heyshenee.com/?p=2127#comment-442 Wow, loving this post.   I noticed when my charges were lower; I found it difficult to get people to show up and do the work. By increasing my price I’ve managed to step up my game, add more value and command the respect of other businesses and attract high paying clients.   After reading your post, I’ve increased the price of my VIP day by 40%. It’s at a price that I feel good about but never thought. I believe that the clients that would be taking me on this offer are going to step up their game, be fully engage and implement for results. I myself have just invested in a 12 month mastermind. I’ve never spent this amount on myself but I realize that investing in this program is going to give me the result I wanted and because I’ve invested a lot of money, I’m going to show up, implement the strategies taught and try and achieve my goals even quicker. I expect a return on investment.   Loved your program when I was on it, can’t wait to see what’s coming up in your new program, It seems it’s going to be HOTTER.   Can l also say you are such a kick ass lady and I fancy that! Wow, loving this post.
 
I noticed when my charges were lower; I found it difficult to get people to show up and do the work.
By increasing my price I’ve managed to step up my game, add more value and command the respect of other businesses and attract high paying clients.
 
After reading your post, I’ve increased the price of my VIP day by 40%. It’s at a price that I feel good about but never thought. I believe that the clients that would be taking me on this offer are going to step up their game, be fully engage and implement for results.
I myself have just invested in a 12 month mastermind. I’ve never spent this amount on myself but I realize that investing in this program is going to give me the result I wanted and because I’ve invested a lot of money, I’m going to show up, implement the strategies taught and try and achieve my goals even quicker. I expect a return on investment.
 
Loved your program when I was on it, can’t wait to see what’s coming up in your new program, It seems it’s going to be HOTTER.
 
Can l also say you are such a kick ass lady and I fancy that!

]]> By: mindycrary http://heyshenee.com/my-simple-approach-to-foolproof-pricing-why-my-prices-are-going-up-150/#comment-441 mindycrary Wed, 15 Aug 2012 20:24:59 +0000 http://heyshenee.com/?p=2127#comment-441 WOW.  Rock me back, hard!  I repriced my services upwards during B-School this year, but was afraid of leaving people behind . . . I was in sort of a "wait and see" mode, and a little nervous because I'm getting a lot less traffic and REALLY concerned with what you mentioned, leaving people behind.  But this post really validated that I have done all of the right things, done my due diligence and LOVE that I am "teaching people how to treat me."  I am totally bookmarking this to refer back to when I get nervous about pricing!  WOW.  Rock me back, hard!  I repriced my services upwards during B-School this year, but was afraid of leaving people behind . . . I was in sort of a “wait and see” mode, and a little nervous because I’m getting a lot less traffic and REALLY concerned with what you mentioned, leaving people behind.  But this post really validated that I have done all of the right things, done my due diligence and LOVE that I am “teaching people how to treat me.”  I am totally bookmarking this to refer back to when I get nervous about pricing! 

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