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010: 5 Reasons Charging By The Hour Is Costing You Money And Your Client's Success
We are going how charging by the hour is limiting your financial success and could be costing your clients the results that they are looking for when they come to your business. We go over how to charge that increases the value to your client and gets you paid at a higher rate.
Charging by the hour makes it so easy for people to compare your products and services to the competitors based on an hourly rate and not your true value. When that happens it often becomes a race to the bottom in price which is bad for your mindset, motivation, and bank account.
Charging an hourly rate will often also bring up money objections especially if you have a higher per-hour rate and creates issues as you often are forced to feel that you need to justify the price or amount of time that you take to complete something.
In some cases, it can even punish you. You might be able to finish getting a client a result in something faster than the included hour but they feel like you owe them time.
Key Takeaways:
- How to charge your worth and not have money objections raised as frequently
- The reason that charging by the hour is potentially hurting your profits
- Why your hourly rate could be costing testimonials and client's results
- Why it is important not to be the cheapest and compete on price
Visit our YouTube Channel to find snippets and videos extra tips, tricks, and how-to's not published in the podcast.
Where To Find Your Host Faith Christiansen:
Have a question? Leave an audio message here... https://podinbox.com/socialsellerslife
Live Workshop: www.socialsellerslife.com/workshop
Best Selling Book with Bonuses: www.socialsellerslife.com/book
LinkedIn: www.linkedin.com/in/faithchristiansen/
Tiktok: www.tiktok.com/@socialsellerslife
YouTube: www.show.socialsellerslife.com
I would be forever grateful if you could subscribe and leave me a 5-star review on iTunes or Spotify to help spread this message far and wide. Thank you xx
Meet Your Host:
Hi, I’m Faith Christiansen. For the past 20 years, I have helped business owners and entrepreneurs dramatically grow their profits with my sales skills and with the use of digital marketing methods. Stop being a slave to your business, you started it for freedom.
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By Faith Christiansen I Social Sellers I Social Sellers LifeWe are going how charging by the hour is limiting your financial success and could be costing your clients the results that they are looking for when they come to your business. We go over how to charge that increases the value to your client and gets you paid at a higher rate.
Charging by the hour makes it so easy for people to compare your products and services to the competitors based on an hourly rate and not your true value. When that happens it often becomes a race to the bottom in price which is bad for your mindset, motivation, and bank account.
Charging an hourly rate will often also bring up money objections especially if you have a higher per-hour rate and creates issues as you often are forced to feel that you need to justify the price or amount of time that you take to complete something.
In some cases, it can even punish you. You might be able to finish getting a client a result in something faster than the included hour but they feel like you owe them time.
Key Takeaways:
- How to charge your worth and not have money objections raised as frequently
- The reason that charging by the hour is potentially hurting your profits
- Why your hourly rate could be costing testimonials and client's results
- Why it is important not to be the cheapest and compete on price
Visit our YouTube Channel to find snippets and videos extra tips, tricks, and how-to's not published in the podcast.
Where To Find Your Host Faith Christiansen:
Have a question? Leave an audio message here... https://podinbox.com/socialsellerslife
Live Workshop: www.socialsellerslife.com/workshop
Best Selling Book with Bonuses: www.socialsellerslife.com/book
LinkedIn: www.linkedin.com/in/faithchristiansen/
Tiktok: www.tiktok.com/@socialsellerslife
YouTube: www.show.socialsellerslife.com
I would be forever grateful if you could subscribe and leave me a 5-star review on iTunes or Spotify to help spread this message far and wide. Thank you xx
Meet Your Host:
Hi, I’m Faith Christiansen. For the past 20 years, I have helped business owners and entrepreneurs dramatically grow their profits with my sales skills and with the use of digital marketing methods. Stop being a slave to your business, you started it for freedom.