Many entrepreneurs and businesses, especially startups, often fear one thing: Losing opportunities to sell and profit. This fear also often cripples them and prevents them from moving forward with their business, and they end up missing out on opportunities that they could have profited more from online business. One such instance when this fear is …
How to Set and Raise Your Prices in Online Business? Read More »
When you are starting, one of the biggest concerns that you may have about running a business is identifying at which price point you should offer your services to clients. When you are a product-based business, this situation plays out differently. You can determine your pricing based on the computations you have on raw materials, …
One of the most nerve-wracking questions a client can ask you during a discovery call is this: “How much is your rate?” It can catch you off guard even if you already have a price in mind. What if it’s too high and I end up losing this client? What if it’s too low and …
Nearly every global leader now faces an economic crisis on top of a health emergency. The pandemic forced the government to temporarily shut businesses down, declare a nationwide lockdown, and stop any movement to and from the country and the difficulty in pricing. Thus, resulting in an economic fallout that is still evident until now, …
First off, let’s get this straight: When it comes to setting prices, do not worry about your competition. In the first place, you have no idea how much profit your competition makes. So if you’re pegging your prices on theirs, you might just be following them down fast-tracked hit to bankruptcy. Again, do not base …
Why You Should Consider Putting Prices on Your Website There are many reasons that people give for or against putting their prices on their website. We put together the three most common ones and offer some alternative reasons why you should consider going against the flow and setting your prices on your website. Reason 1: …
Why You Should Consider Putting Prices on Your Website? Read More »
If you are an expert in a particular field and you have this passion for imparting what you know to an audience that is willing to learn what you do, you were then creating and selling an online course may have crossed your mind at some point. With the world growing in support of digital …
Your business is scaling yet your take-home is diminishing. What might be the problem? Why price increases are vital to protecting your profits? Believe it or not, this is a common occurrence among growing businesses. Their sales traffic is up, revenues are up, and yet they are not seeing as much returns for the increased business …
Charge more! Why Price Increases Are Vital To Protecting Your Profits Read More »
People have different motivations for why they get into the business. While a business can exist because of a variety of reasons, they all have one thing in common: monetary compensation. Businesses need to make money. Otherwise, it will cease to exist and there comes value-based pricing. In its simplest form, businesses earn by exchanging …
There are two types of customers: Those who always go for quality, and those who consider the pricing. What you have to know, however, is that in the world of business, customers who go for quality are always the best types of customers. They are the ones that you would want to keep. They will …
