Lightning Strikes: On Price Changes, Inquiries and Responses

Lightning Strikes

This episode was broken down into the following sections:

  • Growing Pains of Business Growth
  • Price Changes: Setting the Price of Your Products and Services
  • Responding to Your Audience: Working Through Questions and When to Respond

[Tweet “Determine Your Worth: Understanding the value you provide — DO NOT underprice yourself…”]

Some Things to Consider…

Business growth leads to change, including the pricing of your products and services. As you look to set your pricing, make a list and ask yourself the following:

  • How much time does it take you to create, manage, etc.?
  • What is your time worth to you?
  • What is the market for a similar product or service?
  • How many do you expect to sell?
  • How many do you need to sell at a certain price to be worth your while?
  • Who is your target market?
  • How much will customers pay?

As you grow, inquiries increase. Weeding out the trolls…

  • Is the question about your product or service?
  • Do people pay for the information that is being requested for free?
  • Is the question reasonable?
  • Do you need help to respond to the reasonable questions?

Raise a glass to growing your business!

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