Beast over Burden powered by Barbell Logic

Pricing: Less is More - Coaching Success - #485


Listen Later

When it comes to pricing, less is more. Fewer options means less hassle for you and less decision fatigue for your customers. When it comes to pricing, fewer options is better for your business.

Pricing: Fewer Options is Better

It's easy, especially as a small business, to bend over backwards for each customer. You develop a different price for each customer, and before you know it every customer is paying a different price.

Knock this off.

Don't have a scarcity mindset. Develop few pricing options for your customers. This forces your customers to make a decision and simplifies your billing.

Pricing: Less is More

When it comes to revenue, you want monthly recurring revenue (MRR).

This means that each month, the revenue recurs. The client pays the same amount, each month, automatically.

Do not force your client to opt-in each month and decide whether they want to pay you each month. This must be automatic, whether it be through ACH or Stripe or through a credit card.

This allows you to predict revenue each month.

Furthermore, contracts are unnecessary. If clients cancel, they cancel, but make the signup process simple and painless, make payments automatic, have few options, but then work to retain your clients.

Relatedly, charge the same each month. This might mean that certain months, your clients receive more service, other months they receive less.

Even starting with good intentions of few options and automatic payments, you can exception your way into infinite payment amounts. Even in December, when clients may train less and you may have fewer options, the price remains the same.

Ultimately, this is convenient for you AND your client. Both you and your client have the same expectations.

Now, it's your time to deliver more value than the price they're paying each month.

Pricing: less is more.

This podcast is brought to you by TurnKey Coach. Enhance your coaching effectiveness and efficiency with TurnKey Coach. You can learn more by going HERE.

Check out Coaching 101 - the new Academy course designed to cover the basics of coaching. It's leaner and tighter than our other offerings (and cheaper).

Check out the Barbell Logic podcast landing page.

Get Matched with a Professional Strength Coach today for FREE! No contract with us, just commitment to yourself: Start experiencing strength now: https://store.barbell-logic.com/match/

Connect with the hosts
  • Matt on Instagram
  • Niki on Instagram
  • Andrew on Instagram
Connect with the show
  • Barbell Logic on Instagram
  • Podcast Webpage
  • Barbell Logic on Facebook
  • Or email [email protected]
...more
View all episodesView all episodes
Download on the App Store

Beast over Burden powered by Barbell LogicBy Barbell Logic

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

1,152 ratings


More shows like Beast over Burden powered by Barbell Logic

View all
The Art of Manliness by The Art of Manliness

The Art of Manliness

14,296 Listeners

The Human Upgrade: Biohacking for Longevity & Performance by Dave Asprey

The Human Upgrade: Biohacking for Longevity & Performance

7,216 Listeners

Boundless Life by Ben Greenfield

Boundless Life

5,007 Listeners

Mind Pump: Raw Fitness Truth by Sal Di Stefano, Adam Schafer, Justin Andrews, Doug Egge

Mind Pump: Raw Fitness Truth

12,154 Listeners

Joe DeFranco's Industrial Strength Show by Joe DeFranco

Joe DeFranco's Industrial Strength Show

1,256 Listeners

Starting Strength Radio by Mark Rippetoe

Starting Strength Radio

714 Listeners

Barbell Medicine Podcast by Barbell Medicine

Barbell Medicine Podcast

1,203 Listeners

Modern Wisdom by Chris Williamson

Modern Wisdom

4,025 Listeners

Muscle Intelligence by Ben Pakulski

Muscle Intelligence

12 Listeners

Iron Culture presented by MASS by Eric Helms & Eric Trexler

Iron Culture presented by MASS

738 Listeners

Dave Tate's Table Talk by elitefts.com

Dave Tate's Table Talk

536 Listeners

The Dan John Podcast by Dan John

The Dan John Podcast

258 Listeners

RP Strength Podcast by Nick Shaw

RP Strength Podcast

547 Listeners

Weights and Plates Podcast by Robert Santana

Weights and Plates Podcast

77 Listeners

Stronger is Better by Starting Strength Gyms by Nick Delgadllo

Stronger is Better by Starting Strength Gyms

15 Listeners