One of the worst pieces of advice you can ever listen to is: raise your prices if you want to be more profitable. Why? Because it’s grossly incomplete.
In this blog post, I want to share specific actionable things you can do to raise your prices by 300% or more (also referred to as being a premium provider). Besides the obvious benefit of being more profitable, charging premium prices also enables you to grow faster and, counter intuitively, attract better clients. From a lifestyle perspective, you can also hit six figures or higher with only a handful of clients and with very little staff and infrastructure (goodbye complex sales funnels).
I have applied this approach for myself and my clients in multiple markets including markets that are notoriously price sensitive. It works best if you’re in a position to be able to set your own prices / fees.
- Category: Blogging, Shoemoney.com Blog
- Tags: blog posts, blogging, business, lifestyle, prices
4 Responses to “How to raise your prices by 300% (almost) overnight” Leave a reply ›
Sure, being a premium provider takes a lot sensitivity and skill in adding value to the time of the buyers or market. Identifying and fulfilling the needs of this market is something we readily should crave for in order to boost price up to 300% or more!
The game plan is simple — target affluent consumers and communicate the benefits via accelerated results. Quite an interesting piece I would say! I think the ideas in this post are most practical.
I am impressed with the examples used in this article. They readily explained all that it needed to be known. At least, I have clearer understanding of the recommended game plan via the principles revealed in the two examples.
People tend to think that by starting from the bottom, everything is good. Well the article just showed that you can have it the easy way by targeting the affluent ones! The added suggestions are just beyond clever. Awesome post!-