Ep 68 - Pricing Strategies That Guarantee Success for Small Business Owners
CEO Amplify | Small Business Operations, Time Management, Business Systems, Business Strategy
| Donna Dube | Certified Director of Operations, Business Growth Strategist for Coaches, Consultants and Service Providers | Rating 0 (0) (0) |
| ceoamplify.ca | Launched: Oct 29, 2024 |
| Season: 1 Episode: 68 | |
Running a business that feels more like a grind than the freedom-filled venture you once envisioned? You’re not alone. Many online business owners find themselves stuck in a cycle of burnout, constant busywork, and underwhelming income. One of the most significant yet often overlooked culprits? Your pricing strategy. For small business owners, especially women, setting high prices can be uncomfortable, because we're worried that clients and prospective clients will walk away. However, underpricing your services is like setting yourself up for failure before you even start. Pricing isn't just about picking a number that sounds good; it’s about positioning yourself and your services in a way that attracts the right clients and sustains your business.
Episode 68 Timestamp Overview:
00:00 Pricing is a powerful business tool to increase stability and attract ideal clients.
03:10 Women entrepreneurs underprice. Break free from poverty of money.
05:46 No one-size-fits-all price, feast or famine cycle.
08:43 Levels of pricing for different sizes of businesses and quality expected from clients.
13:07 The downfall of placing yourself in the middle of the spectrum.
15:00 Quickest solution is to raise your prices.
18:51 Pricing is positioning; use Get Paid Like a CEO toolkit to plan a realistic revenue goal.
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Enjoyed this episode? Please share it with someone who would benefit. Also, don’t forget to rate and leave a review. Your feedback not only means the world to me, but it also helps us reach more entrepreneurs like yourself who are ready to amplify their businesses.
Questions? Comments? Let’s continue the conversation over in the CEO Amplify Facebook Group.
Want to share how this podcast has helped you? Shoot me an email at donna@ceoamplify.ca. I would love to hear from you.
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Episode Chapters
Running a business that feels more like a grind than the freedom-filled venture you once envisioned? You’re not alone. Many online business owners find themselves stuck in a cycle of burnout, constant busywork, and underwhelming income. One of the most significant yet often overlooked culprits? Your pricing strategy. For small business owners, especially women, setting high prices can be uncomfortable, because we're worried that clients and prospective clients will walk away. However, underpricing your services is like setting yourself up for failure before you even start. Pricing isn't just about picking a number that sounds good; it’s about positioning yourself and your services in a way that attracts the right clients and sustains your business.
Episode 68 Timestamp Overview:
00:00 Pricing is a powerful business tool to increase stability and attract ideal clients.
03:10 Women entrepreneurs underprice. Break free from poverty of money.
05:46 No one-size-fits-all price, feast or famine cycle.
08:43 Levels of pricing for different sizes of businesses and quality expected from clients.
13:07 The downfall of placing yourself in the middle of the spectrum.
15:00 Quickest solution is to raise your prices.
18:51 Pricing is positioning; use Get Paid Like a CEO toolkit to plan a realistic revenue goal.
****
Enjoyed this episode? Please share it with someone who would benefit. Also, don’t forget to rate and leave a review. Your feedback not only means the world to me, but it also helps us reach more entrepreneurs like yourself who are ready to amplify their businesses.
Questions? Comments? Let’s continue the conversation over in the CEO Amplify Facebook Group.
Want to share how this podcast has helped you? Shoot me an email at donna@ceoamplify.ca. I would love to hear from you.
