February 5, 2010

What are some of the immediate advantages to pricing your services at a premium? Doesn’t the market really want to be served at the lowest possible cost? NOT AT ALL! What they want is to be continuously educated as to WHY they are paying the premium and the specific benefit that they receive for choosing to pay additional fees for your service.

If you plan to be in business for the long haul (and you’d BETTER be or you’ll be devoured by hungrier competition), you owe it to yourself to raise your fees to the highest level possible! Then EARN those fees. Build your fees based on the cost of your clients NOT doing business with you, not from the efforts you put into the process. The net difference in those two numbers is your Value Leverage.