Comments on: How Should I Price My Products/Services? http://www.thebusinesscoachformoms.com/blog/how-should-i-price-my-productsservices/ homebase business tips, ideas, resources, coaching and laughs for the stay at home mom who wants to work from home Mon, 06 Sep 2010 13:37:31 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Regina Baker http://www.thebusinesscoachformoms.com/blog/how-should-i-price-my-productsservices/comment-page-1/#comment-291 Regina Baker Sat, 20 Feb 2010 21:56:11 +0000 http://www.thebusinesscoachformoms.com/?p=702#comment-291 Considering price was definitely priority when we started our service. Having a service targeting the work at home mom community had to be 'priced right' or else it wouldn't work for them. I always say quantity is not as important as quality and because that's the route we took, we now have stability in terms of monthly residual! .-= Regina Baker´s last blog ..<a href="http://www.wahmcart.com/blog/wahmcart-featured-on-cnn-650-radio-news/441" rel="nofollow">Wahmcart Featured on CNN 650 Radio News</a> =-. Considering price was definitely priority when we started our service. Having a service targeting the work at home mom community had to be ‘priced right’ or else it wouldn’t work for them. I always say quantity is not as important as quality and because that’s the route we took, we now have stability in terms of monthly residual!
Regina Baker´s last blog ..Wahmcart Featured on CNN 650 Radio News My ComLuv Profile

]]> By: Lady T http://www.thebusinesscoachformoms.com/blog/how-should-i-price-my-productsservices/comment-page-1/#comment-289 Lady T Sat, 20 Feb 2010 02:38:05 +0000 http://www.thebusinesscoachformoms.com/?p=702#comment-289 We must get clear, understand the pitfalls (and leeches), make a decision about what we want and then stick to that. Erica, I'm glad that you got clear on what the problem was and was willing to go a couple of weeks without. We must get clear, understand the pitfalls (and leeches), make a decision about what we want and then stick to that. Erica, I’m glad that you got clear on what the problem was and was willing to go a couple of weeks without.

]]> By: Lady T http://www.thebusinesscoachformoms.com/blog/how-should-i-price-my-productsservices/comment-page-1/#comment-288 Lady T Sat, 20 Feb 2010 02:30:34 +0000 http://www.thebusinesscoachformoms.com/?p=702#comment-288 It is so important and many of us don't think about it on the front end. We just know we feel resentful and taken advantage of and a lot of the time we really can't spot the problem. It is so important and many of us don’t think about it on the front end. We just know we feel resentful and taken advantage of and a lot of the time we really can’t spot the problem.

]]> By: Wendy Wood http://www.thebusinesscoachformoms.com/blog/how-should-i-price-my-productsservices/comment-page-1/#comment-285 Wendy Wood Fri, 19 Feb 2010 22:06:58 +0000 http://www.thebusinesscoachformoms.com/?p=702#comment-285 Great post. I especially like how you pointed out the three things to think about when determining what to charge for your services. In the past I have been guilty of not charging my clients for my non-billable time. Some clients need an extra helping hand which could require additional emails, phone calls, etc. this time can really add up, so it's very important to factor in those things. .-= Wendy Wood´s last blog ..<a href="http://getecovers.com/nicole-dean-mini-site.html" rel="nofollow">Nicole Dean Mini Site</a> =-. Great post. I especially like how you pointed out the three things to think about when determining what to charge for your services. In the past I have been guilty of not charging my clients for my non-billable time. Some clients need an extra helping hand which could require additional emails, phone calls, etc. this time can really add up, so it’s very important to factor in those things.
Wendy Wood´s last blog ..Nicole Dean Mini Site My ComLuv Profile

]]> By: Erica Cosminsky http://www.thebusinesscoachformoms.com/blog/how-should-i-price-my-productsservices/comment-page-1/#comment-284 Erica Cosminsky Fri, 19 Feb 2010 20:21:32 +0000 http://www.thebusinesscoachformoms.com/?p=702#comment-284 One of the best piece of advise I received when I first started out was "Don't under-price yourself. There is always someone willing to go lower and price themselves out of business." Once I realized that taking cut-rate work just to have some work was a terrible practice because it left me no time to work on finding my ideal clients. I did go 2 weeks without any work but when the work started rolling in, I more than made up for not working for 2 weeks. There is also a particular kind of client that new start-up owners must be aware of and these are the ones that KNOW you haven't figured out how to price your products. They usually are very demanding and trying to take up all your time because as leeches don't want to let go of the good deal they found. One of the best piece of advise I received when I first started out was “Don’t under-price yourself. There is always someone willing to go lower and price themselves out of business.”

Once I realized that taking cut-rate work just to have some work was a terrible practice because it left me no time to work on finding my ideal clients. I did go 2 weeks without any work but when the work started rolling in, I more than made up for not working for 2 weeks.

There is also a particular kind of client that new start-up owners must be aware of and these are the ones that KNOW you haven’t figured out how to price your products. They usually are very demanding and trying to take up all your time because as leeches don’t want to let go of the good deal they found.

]]> By: Lady T http://www.thebusinesscoachformoms.com/blog/how-should-i-price-my-productsservices/comment-page-1/#comment-283 Lady T Fri, 19 Feb 2010 17:13:10 +0000 http://www.thebusinesscoachformoms.com/?p=702#comment-283 Cindy I'm glad you got the vision! Yes, we are all looking for top quality work with as little stress as possible. If you can prove that you provide quality and the customer doesn't have to stress with language,time or customer service issues then you will get paid whatever you ask for. Cindy I’m glad you got the vision! Yes, we are all looking for top quality work with as little stress as possible. If you can prove that you provide quality and the customer doesn’t have to stress with language,time or customer service issues then you will get paid whatever you ask for.

]]> By: Cindy Bidar http://www.thebusinesscoachformoms.com/blog/how-should-i-price-my-productsservices/comment-page-1/#comment-281 Cindy Bidar Fri, 19 Feb 2010 16:17:41 +0000 http://www.thebusinesscoachformoms.com/?p=702#comment-281 The hardest lesson for me to learn was to STOP trying to compete with all the "race-to-the-bottom" types on Craig's List, eLance, and odesk. Service providers seem to think if they set a fair price for their work, they won't get any clients. But I can tell you that's just not true. There are people out there who are willing to pay for quality work, but they're not looking for you on Craig's List. .-= Cindy Bidar´s last blog ..<a href="http://cindybidar.com/2010/01/the-neverending-list-of-blog-post-ideas/" rel="nofollow">The Neverending List of Blog Post Ideas</a> =-. The hardest lesson for me to learn was to STOP trying to compete with all the “race-to-the-bottom” types on Craig’s List, eLance, and odesk. Service providers seem to think if they set a fair price for their work, they won’t get any clients. But I can tell you that’s just not true. There are people out there who are willing to pay for quality work, but they’re not looking for you on Craig’s List.
Cindy Bidar´s last blog ..The Neverending List of Blog Post Ideas My ComLuv Profile

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