Step 6: Price Your Offer
Transcript
How to price your offerings. Wow. This is a potentially triggering conversation. However, it’s a very important conversation to have, because when you’re putting yourself out there with an offering and selling it, you have to price it right. I have three things to say about this.
Number one, you are the only authority on you. See there’s so much information out there about how you should price your offering. Some people will tell you to add a zero to your price right away. Other people will tell you something completely different, and it can be so overwhelming. So I ask you right now to decide that you are the only authority on your pricing. It needs to feel right to you and only you know that. So please don’t run around asking your family, friends, past clients, potential clients, colleagues, competitors, for their opinion, because it’s not going to help. It’s only going to derail you in your thinking process.
Plus, if you are basing your prices on what everyone else is doing or on what your competitors are doing on what your friends think people can or cannot afford for your service, then you are allowing money, [the] reality of other people to impact your bottom line and your income. Do you want that? I hope not.
So you need to take responsibility here and to know that even if you realize that you made a mistake was your pricing, then you can always change that. But at least it will be your learning and you, and only you are responsible for choosing what is right for you. And guess what? If you take a price that your mentor says you should be charging, or your colleague says that you should be charging, then it might feel right for them, but it doesn’t sit well with you.
You will not be able to stand behind that price. So you need to be fully behind that price. It needs to feel right. Now, how do you decide what is right? How, how do you do that? So here you need to really be able to tune in and understand the energetics of pricing. In the coaching business, you are not selling your hours. What you are actually offering is two things that contribute to the price. On the one hand side, it is your presence. It’s your ability to be so intensely present for the client that in your space transformation happens and you need to be paid presence. So it’s not just one hour of your time. It’s also the time you take to prepare for the session. It’s the self-care, it’s just the fact that you can be there fully available and relaxed, not needing to jump off and take care of something.
And the second aspect here is they are paying you for your expertise. So it’s not for asking questions. It’s knowing which questions to ask. It’s all the years of training, maybe not even coaching, but in some other things that aren’t really related and that are contributing to your expertise. So it’s always a combination of those two things. Now ask yourself the question, what feels like the right energetic exchange for what you are offering in terms of your expertise and your presence and what you are giving. So then, there needs to be a match and you can sense that anywhere energy.
Here’s one simple exercise that you can do to help you feel into that price. Ask a friend to read out numbers to you, starting with something relatively low, for example, justice, as an example, 50 euros. And when you hear that, how does your body respond? Does this feel like perhaps not enough? Mhm going up, 75 euros. How does that feel? 90 euros, 100 euros, 200 euros. And so for each and every level, noticing how your body responds and trusting that there will come a price that feels right, that allows you to feel nourished by that energetical exchange. But that doesn’t feel too far out of your comfort zone because you need to be, to be able to feel like you can deliver on that level.
Always take a price that is slightly challenging. You, why not? Because you’re greedy, but because you need to be challenged to show up and fuel the session. Because as I say, you are giving them your presence and your energy. If you price it too low, you will not be motivated to be on your toes and show up in your best. So it needs to be slightly challenging for you. So you can ensure that they get the value.
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