Pricing

A beggar, sitting with cap in hand..Do you feel you’re earning less than you deserve? If so, there’s one main reason – and it’s nothing to do with your talent. Quite often, it’s fear – of charging too much, that clients will go somewhere else, or that they’ll become annoyed if you ask for more.

Sometimes, the thought of increasing your rates does feel difficult. We’ve all been there, with at least one client who didn’t react well to being told about a rate increase. However, it doesn’t have to be that way! Approached correctly, you should be able to earn what you’re worth, and ensure that your clients are happy with the situation to boot.

In this post, we’ll have a look at six key tactics you should use when you want to increase your rates – along with one vital preliminary step. Let’s get started!

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LisLis

earn more moneyFinding ways to earn more money without having to put in more time and energy is one of the trickiest things entrepreneurs face with growing businesses.

No matter how great your clients are, you constantly have to update your list, raise your prices, and prune out projects that don’t make sense.

Otherwise you’ll get stuck in a rut and be unable to keep seeking new opportunities for higher pay.

As a business owner, time and money are both precious commodities, which means you’re often protecting your time and money like you would your life.

Showcasing your work for potential new clients and convincing current clients of your worth can be difficult. Aside from those traditional ideas though, here are 5 other ways you can start earning more money without investing more time.

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Carrie SmithCarrie Smith

business salaryWhether you run a small agency or are a business of one, it can be difficult to know how much to pay yourself. You don’t want to be paid too much and cause your cash flow to suffer, but you also don’t want to pay yourself too little and not be able to pay the bills. 

The reason you became your own boss is likely because you wanted enough income to stop worrying about money so you could focus more on creating and doing what you love.

But the economic system is set up on trading money for goods and services. 

So how big of a salary is too much, and what amount is too little? Is it possible to find a balance with getting paid what you’re worth while still turning a profit? 

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Carrie SmithCarrie Smith

moneyIt’s relatively easy to increase your revenue if you double your work output, but the real skill comes in while you’re trying to create a solid work-life balance that meets your income goals.

In order to do this you have to focus on leveraging your time and maximizing it to the fullest. Raising your prices is the simplest method to accomplish this.

By following these strategies you can guarantee to be paid more money from your clients and get paid what you deserve.

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Carrie SmithCarrie Smith

PricingIn today’s article, I’d like to discuss sales funnel price structuring. This is something that very few people talk about, or even think about. They haphazardly create sales funnels without thinking of their buyers frame of mine, the goals of their business or how price can affect profit.

(Hint: It is one of THE most crucial keys to profit growth!)

Let me start with a story… [click to continue…]

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Jeremy ReevesJeremy Reeves