Episode 028 – Knowing When It’s Time to Raise Your Service Rates

Episode Summary

What up! Welcome to another episode of the Becoming Internet Famous Podcast. 

This episode, we’re answering a question from our private Facebook community. 

The question from our student:

When did you know that you wanted/ready to increase your prices? Personally, I think it’s my fault for reducing my prices because … well because I wasn’t that confident and I wanted to get some clients under my belt. However now, I regret that decision. Granted I did learn some lessons along the way but I think I need to do some more mindset work. I have to believe that I’m all that and a bag of chips.

Show Notes
Months In Operation
What We’re Talking About:
  • Thinking of what you offer apart from your value as a human being.
  • You don’t have to believe you’re all that.
  • Setting your prices based on what you want to take home, expenses, taxes, profit, and how many clients you want.
  • Mel’s mid-life crisis soap business story and how it served her as an entrepreneur. 
  • Better at your service offerings = higher pay.
  • Clients always have a choice (unlike consumers when the cost of goods goes up at the store).
  • Thoughtfully charging more to create a challenge and better outcomes.

Links & Resources Mentioned: 

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