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YOUR SELF PROMOTION & SMALL BUSINESS MARKETING GUIDE:
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Gordon, MCC
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Pricing Strategies
and
Your Authentic Prosperity as an Entrepreneur
I propose that, when it comes to small business, authenticity
and prosperity go hand in hand. That's because it is extraordinarily difficult
to make and sustain an authentic offer unless you are thriving. In this
section you'll become more aware of how authenticity and prosperity are
connected. As a result, you'll be more responsible for prospering and
you'll make better choices in managing and marketing your small business.
In turn, you will be able to make a bigger contribution to the world,
both personally and professionally.
Pricing Strategies
- Setting and Negotiating
Prices and Fees
Setting and negotiating prices and fees is an integral part of
authentic promotion. Find out what variables you should take
into consideration while setting prices.
- Pricing Strategies:
Notes on Setting Prices and Raising Them
Net Income Versus Gross Income -- Where Does the Time Go? --
Variables Affecting Pricing -- Is It Time to Raise Your Prices?
-- Strategies for Raising Prices -- Adjust Prices to Manage Work
Type and Work Flow.
- Price Setting: My Clients
Will Leave if I Raise My Prices. Really?
Has price setting been a prime concern for you recently? If you
hesitate to raise your prices because you are afraid your clients
will leave, take the issue to inquiry using The Work of
Byron Katie. Find out how it works.
- Price Setting: What
Would Your Right Price Be if You Knew You Could Not Fail?
Underpricing and undervaluing your work devalues your customers
(clients, patrons, etc.). It suggests that they need something
(your help) that they cannot afford. Under the guise of care
of compassion, under-pricing sets up a co-dependent and manipulative
relationship with people you haven't even met and who (if they
are not in a position to afford and apply your work) are not
in the market for what you are selling.
- Building a
Life Coaching Practice: Price Setting
Is it a good idea to use a sliding scale for those less able
to pay the full rate? Read this article if you share one of my
ezine reader's concern about your responsibility toward
people who want but cannot afford your products or services.
- Do The Work. Price
Setting: "There are people who need
but cannot afford my help"
There's nothing like The Work of Byron Katie for investigating
stressful thoughts, including those about pricing. Here is a
sample worksheet exploring the thought, There are people
who need but cannot afford my help.
- Art Pricing: Why lowering
your prices doesn't work and how to resist the urge
Knowing and taking care of your path keeps you on track, reminds
you what you are up to, reinforces your choices, and gives you
a map and a rationale for your art pricing and other key parts
of selling your work to the just right audience. Feel free to
use this simple practice to support sane art
pricing.
- Price Setting: The
Price is the Most Important Factor in Most Sales. Really?
The first is that price is not the most important factor in most
sales. You can prove this to yourself by reflecting on your own
buying habits. Even though you may make some decisions based
on price, odds are that there are some products and services
for which you happily pay a premium. Consider organic food, for
example, or shoes. Read further...
- Cast
a fresh eye at your product pricing strategy and marketing:
Do You Charge Enough?
While developing your product or services pricing strategy and
marketing them, it is important to remember that higher prices
are not necessarily the equivalent of gouging or "taking
people for all you can get."
Higher prices can be seen as a duty you owe to your best customers
so that you can continue to deliver fabulous products.
- Cast
a fresh eye at your product pricing strategy and marketing
- Part 2: Think About Your Product Value
Your pricing strategy and marketing should be driven by true
value of your product or service to the customer, not the manufacturing
cost.
- Cast
a fresh eye at your product pricing strategy and marketing
- Part 3: Price and perceived value
Specialty product companies are built around their customers.
They have an exceptional commitment to providing value to the
people who want that value and matching real value with perceived
value. You might say that they preach to the choir, and the choir
loves it. And happy choirs attract new singers.
- Building
Your Price Discount Strategies and Authentic Prosperity
Should you discount or give your work away? As a business owner
you may be surprised to discover how often you are asked to donate
your services. This may delight or disconcert you depending on
who asks, how often, and how your practice is doing. In addition
to responding to requests for donated or reduced fee services,
you may be wondering how to build your practice by giving work
away. Both situations raise important questions on building your
price discount strategies, and answering these questions is an
exercise in authentic prosperity.
- Pricing Strategy
Matrix - A Cool Tool for Finding Your Just Right Pricing Strategy
Is the price right? Goldilocks tried three chairs, three bowls
of porridge, and three beds before finding the ones that were "just
right." In much the same way, your working toward "just
right" prices and marketing methods will definitely pay
off, as it did for me.
- Calculating Billable
Hours. Where Does the Time Go?
When you know how many hours you can expect to bill, you are
ready to determine what it will cost you to run your business
by calculating overhead and profit.
- Reprint
Terms for Pricing Strategies Articles by Molly Gordon, MCC
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Your Authentic Prosperity
as an Entrepreneur
- Small Business
Building - 7 Tips To Reconcile Dreams With Reality
One of the themes that run through my teleclass, Believe! How
to Work With Your Beliefs to Grow a Prosperous and Meaningful
Business, is the tension between the creative power of thought
and resource-depleting habits of wishful thinking. I offer the
following 7 Reality Checks to help you reconcile your dreams with
reality so that you can build your dream into a thriving business.
- Your Belief
System and Your Prosperity as an Entrepreneur
While it is important to be able to notice and work through limiting
beliefs, it is also important to know and take a stand for what
you "have to believe," to be proactive about what gets you out
of bed in the morning, sparks your vision, fuels your choices,
and instills the spirit of entrepreneurship. What do you have
to believe in order to show up, serve, and prosper as an entrepreneur?
- The Art, Science,
and Grace of Attracting Prosperity
Attracting prosperity is part art, part science, and part grace.
A prosperous business must not only accommodate but support life
in all its complexity. A thriving business requires and provides
resilience and continuity. How do you go about building a thriving
career or prosperous business? Here are some of the things I've
learned and that I credit with supporting my own process of attracting
prosperity.
- Why Relieving Anxiety
Can Be Bad for Your Business
Learn about the difference between anxiety transformation and
anxiety reduction and find out how being aware of this difference
can help your business.
- Working on Your Money
Beliefs: Are You Looking for Prosperity in All the Wrong Places?
We can change our money beliefs
and get to acceptance before losing heart. Find out how you can
bring healing acceptance into your financial life, in The Four
Pillars of Acceptance.
- Growing a Business:
Why You Owe it to Your Clients and Your Just-Right Business to
Work on Your Self Regard
The secret to growing a business that fits just right is to redefine
business in terms of who you serve by being who you are. It takes
time, attention, and commitment. But you have all that, right?
- Growing a Small
Business: Grow to Thrive
How to create healthy tension that can propel the growth of your
small business in a holistic, grounded, and integrated way.
- Success Secrets: How
Credentials Can Sabotage Your Business
Do you ever worry about whether you have the credentials you need
to succeed? Do you keep investing in training without earning
a return on your investment? Read this article to find out how
credentials can sabotage your business.
- Success Secrets:
Why Business Formulas Don't Work (and What Does)
Are success formulas a waste of time? When it comes to baking
or business, the secret to successful improvisation is using formulas
to understand the basic forms.
- Success Secrets:
The Fractal Law of Success
Read about a timeless and essential success secret and test the
law of fractals in your life. In fact, if you understand and apply
this law, you cannot fail.
- Growing a Business:
Are You Treating Your Business Like a Wildflower?
Read about three simple strategies for growing a business.
- Tending the
Seeds of Business Purpose and Life Purpose
It's time to wake up to purpose, and I don't
mean the kind of life purpose that we can wear like a top hat
and cane as we soft-shoe our way to prosperity. No, I mean the
kind of purpose that is emergent, mysterious, utterly our responsibility
yet utterly beyond our control. Read
further...
- How to Achieve
Success: What Gets in the Way of Success
I don't know about you, but sometimes I wish success were a simple
matter of following the right formula. I mean, wouldn't it be
great if you knew for certain that meditating for 30 minutes a
day, exercising for an hour five times a week, eating five servings
of vegetables, reading the right books, and flossing would lead
to perfection?... Click
to continue
- About Spiritual Health
and the Perils of Soul Candy
There's a lot of soul candy on the market these days. You can
buy a spiritual guide to anything from selling real estate to
shopping. There's nothing wrong with soul candy, per se. In fact,
some soul candy is not really candy at all, but is perfect for
spiritual health and nutritious when it's properly digested as
part of a balanced diet. But however nourishing and healthy a
food may be, if you abuse it, you're at risk of spiritual hypoglycemia.
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Learn
more about Authentic Promotion - a comprehensive small
business marketing resource that turns marketing and self promotion into
a path of increasing self-awareness, authenticity, and right livelihood.
In particular, the pricing strategies you learn to apply will build the
solid foundation for your authentic prosperity as an entrepreneur.
* * *
Contact an acknowledged expert
on self promotion Molly Gordon at:
Shaboom Inc. Life could be a dream…
PO Box 195
Suquamish, WA 98392-0195
mgordon@authenticpromotion.com
As a business coach and small
business marketing consultant, Molly Gordon, MCC, is available in Greater
Seattle Area and internationally |
The light came on. Now I know how to raise my prices. I've been
looking for that explanation!
Your ezine changes my mind, makes me think, and changes my perception
and my actions. For example, I have been selling on price. You changed
my perception by telling me about selling on quality. The light came
on. Now I know how to raise my prices. Thank you so much! I've been looking
for that explanation! Keep on! I love your newsletter and I am so glad
to know you're human too. I go to all the links in each and every
issue and check them out. I am so happy to have it, and I send it to
my friends and recommend it.
Tsandi Crew, Illustrator, Taos, New Mexico AmericanOutbackStudios.com |