Wealthy in Pajamas

The Right Pricing Question | Wealthy Business Moment


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Do you get stuck knowing how to price your product or service? I find so many creative business owners in the same situation!

Key points from this episode:

  • When you are trying to determine your prices, you need to stop asking yourself ‘is this reasonable’. Instead you need to ask yourself ‘are these prices realistic for me and my needs and goals’.
  • Your financial needs and goals are something only you know, your audience, your clients, your customers have no idea what is going on with you, and vice versa, you don't know what is going on with everyone else's financial situation.
  • There is an audience for every price range, for every level of budget, there are customers out there
  • Having boundaries on your time that goes into each offer is really important. 
  • If you go over the allotted time you have given, it needs to be a conscious choice


Timestamps:

[00:00] - Intro

[00:18] - The one thing you need to stop asking yourself when you are trying to determine your prices

[00:41] - The question that you should be asking yourself when determining your prices

[03:09] - Why there is an audience for every price range

[03:33] - A story from Sonya’s old photography days about pricing and boundaries

[07:05] - Sometimes you will go over your allotted time- how to make sure that this is a conscious choice


Free pricing guide:  https://www.realworldcreatives.com/pricing-guide


Choose your next steps for your wealth journey: https://bit.ly/wealthypjs


Next Episode:

Do you struggle with being consistent in your business? In the next episode of the Wealthy Business Moment, Sonya shares her number 1 tip on how to become more consistent, and why the best way to do this is by starting small.

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Wealthy in PajamasBy Sonya Highfield