A lot of people ask me, “How do I know if my price is too high?
Am I selling my services and products too high?”
Here are some tips around knowing whether it’s too high or it’s not.
- It’s never ever too high
Most of the time, 100% of the time people will come to me and I look at their price and I will always tell them to increase their price. So, when you think you’re too high usually you’re too low in saying that. One, usually you are never too high so increase your prices.
- Increase your price if people are not buying.
If they’re not buying from you then the probability is that they don’t see the value in it. It’s too cheap. If you say to somebody, “I’m about to change a life and all you have to do is pay me a dollar.” They’ll probably won’t believe you. But if you say, “I’m just about to change your life and pay me ten thousand dollars or a thousand dollars or fifteen thousand dollars then they will believe you.” So, if people are not buying increase your price.
- If people are saying “yes easily and you’re getting clients to say yes easily, increase your price.
Because you want them to just have that little bit of hesitation but still buy. But if everyone’s going “yep, yep, yep” make sure that you do increase your price.
If you want to know more about packaging up your product and your services and knowing how to price them correctly? Come along to my Grow Your Coaching Biz Workshop where I go through all of this with you and make sure that you have your business model structured in a really great way.
It’s a virtual event, so you can be anywhere in the world.