Deciding to raise your prices as an online entrepreneur can be a challenge. Many entrepreneurs know they can earn more and are worth more than what they’re currently charging, but struggle to raise their prices with confidence. The worry that clients will refuse to pay an increased price point is always present.
In this episode, I share how I raised my prices with confidence during my first year of business. I also share tips and strategies you can use to determine how to raise your prices, why understanding your worth is critical, and the importance of listening to your clients when raising your rates.
In This Episode of The Sigrun Show:
- The importance of listening to your clients when determining when to raise your rates – and by how much
- Testing your price points to see what works and what doesn’t
- The misconception of “if your rates are too low, nobody will buy from you.”
- Slowly raising your rates to reduce risk and test your prices
- The benefits of offering extended group coaching packages
- The importance of knowing your worth and the value you deliver
- Basing your prices on the value you deliver to your clients
Key Takeaways:
- You can only charge what you are willing to pay yourself.
- Raise your prices when enough people have booked with you at your first rate.
- Start offering longer coaching packages when your shorter ones fill up.
- Know and recognize your own value.
