If You Are Having Trouble Getting Business, You NEED To Raise Your Prices! | Mel Robbins | Summary and Q&A

TL;DR

It is crucial to raise your prices to match the value you provide, as underpricing yourself sends the message that your work is not worth it.

Key Insights

• ⚾ Price yourself based on the value you provide, not your insecurities.
• 🥺 Underpricing can lead to potential clients doubting your abilities and the quality of your work.
• 👩‍💼 Charging fair prices contributes to the success of other women in business.
• 🤑 People want to invest in services that they perceive as valuable and worth their money.
• ✋ By charging higher prices, you elevate your own perceived value and increase your professional worth.
• 👨‍💼 Investing in yourself and your business by charging proper prices shows your commitment and dedication.
• 👨‍🔬 Researching industry standards and competitors' prices can help you determine a fair price for your services.

Transcript

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Questions & Answers

Q: How should I determine the price for my services?

It is essential to consider the market's perception of value. Research your industry and see the prices similar service providers charge. Determine the quality and value you offer, and set your price accordingly.

Q: How can underpricing myself affect my business?

Underpricing undermines your credibility and may make potential clients doubt the quality of your work. It also devalues the services you offer and can make it difficult for other women in business to charge fair prices.

Q: Why do people want to feel like they are not getting a bargain?

People want to feel like you see their potential and believe in their growth. By charging fair and reasonable prices, you communicate that you value their investment and are dedicated to providing quality services.

Q: How can charging low prices impact other women in business?

Underpricing creates an expectation in the market that women's services should be cheap. This puts pressure on other women to charge less, making it harder for them to sustain their businesses and succeed.

Summary & Key Takeaways

• Pricing based on insecurity is a mistake; instead, price yourself based on what the market perceives as valuable.

• Charging lower prices may lead potential clients to question your worth and the quality of your work.

• When you underprice yourself, you make it harder for other women in business to charge fair prices as well.