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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