How to know what to charge
23 Dec 2011
Dear Helen,
I’m developing a new program and want to know how much I should charge for it. It will be a 3-month program and will include both group educational calls and some one-on-one sessions. I want to have six people in the group and make about $2000. Does $349 per person sound fair?
- Perplexed by Pricing
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Dear Perplexed,
Actually, I’d say you’re jumping the gun a bit here. One of the reasons so many heart-and-soul-centered business owners undercharge is because they base their pricing on things like how much others in their field are charging, or picking an end goal and dividing by the number of anticipated participants.
Before you can decide on a price for any product, program or service, you first need to determine the value it has for your clients.
What is the specific challenge or problem situation this program will solve for them? How big of an impact will this solution have on their life/business/family/health (whatever area(s) it will impact)? What is the negative impact if they don’t make a change and just continue with things as they are now?
Once you have a sense of how much the program is worth, then you can choose a price that feels comfortable. No guessing required! [See the announcement section for a helpful worksheet.]
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