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Price for yourself, not your customers

Photo Credit: Millicent Bystander

Don’t get caught up in the idea that your pricing has anything, at all, to do with your customers. It doesn’t. Your pricing should do a couple things.

Help you to be relaxed and make sure you stay profitable.

All this freaking out about your pricing just takes you away from what’s important. You want to answer your customers questions. You want to analyze the job thoroughly. You want to make a list, and check it twice, right? Once you’re done you need to be able to just plug in the information, get your numbers and turn them over to the customer and move on. At this point you’ve either convinced them you are the best choice for the job or not. Believe me, after you’ve completed your assessment and have turned in your bid you’ve either sold the job or not. If a $100.00 one way or the other is going to change your customer’s mind I would submit to you that their mind can’t be made up and all they want to do is race you to the bottom (where you will both lose).

Life is too short (and so are most jobs) to lose sleep over your pricing.

I know, it sounds way too simplistic. I’m sorry, but it is simple. You don’t need complicated pricing. It can be broken down into a few simple categories.

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Let’s race!

Photo Credit: Library Of Congress

A lot of people will try to tell you that you should get away from trading time for money. Frankly, I find this kind of talk annoying.

No matter who you are, you do trade time for money. Some just trade at different rates than others. The goal is to trade at the best rate you can.

I hope this post can help you understand something about your pricing that will help you trade at a higher rate.

You need to understand that your bid is not the finish line for your project.  That is what has become known as the race to the bottom. No, that’s not a race you want to take part in, because you might win. Many times the customer [thinks] they want you to run this race but they are wrong. They are likely to ended up with a frustrated service provider, one who will quit, at least emotionally, at some point before the project is complete.

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