Tag Archive for "Pricing"

Dan Kehrer in his blog Solutions for Success asked a great question in a recent post:  “Do you know what your customers are really willing to pay, and why?” He then went on to discuss the six biggest pricing mistakes to avoid.  To read more see The 6 Biggest Pricing Mistakes to Avoid.

A prospect may be reluctant to commit to a consulting project if they’ve never worked with you. If you offer a service that is time intensive consider alternative ways to deliver the information. Make it easy for your prospects to buy and become your client.

Implement a multi-tiered pricing model:

  • Low end: create a do-it-yourself kit that might be accompanied by an hour of free consulting.
  • Mid-range: create a webinar or teleclass based boot camp where over a set time period you coach the participants on doing the work themselves. It’s helpful to have the kit already developed as this can be the content part of the boot camp.
  • High-end: some of the participants purchasing the kit or the boot camp will eventually decide it’s worth paying for you to do the project. In the meantime you’ve given them an idea of what it’s like to work with you.

The objective is to make the prospect comfortable in purchasing. With the downtime consultants are experiencing, now is a perfect time to develop a multi-tiered pricing model and position yourself to sign on clients once the recession ends.