Welcome to Episode 47 of the Wealth Unchained Podcast with your host, Emma Wright. In this episode, Emma tackles the daunting task of pricing service-based business offerings; a challenge that often leaves entrepreneurs feeling stuck and uncertain. Drawing from her extensive experience working with clients in her mini mastermind, the Star Collective, and her independent wealth business, Emma provides practical insights and strategies to help listeners overcome pricing hurdles and confidently set prices that reflect the value of their services.
Emma emphasises the importance of reframing traditional pricing approaches, steering clear of hourly rates and comparison to competitors. Instead, she advocates for a holistic approach that aligns with the unique assets and value propositions of individual entrepreneurs. By focusing on creating offerings that blend personal passions, expertise, and market demand, listeners are empowered to establish prices that they believe in and attract clients who recognise the transformative value of their services.
Highlights:
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Emma addresses common pricing challenges faced by service-based business owners, offering guidance on how to overcome the fear and uncertainty associated with pricing.
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Listeners are encouraged to shift away from hourly rate pricing models and instead develop offerings that reflect the unique blend of their skills, passions, and market demand.
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Emma introduces the concept of creating a methodology or formula for service offerings, emphasising the importance of aligning with what the world needs, what the individual loves, what they will get paid for, and what they are already good at.
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Practical steps are provided for determining the value of service offerings, allowing entrepreneurs to set prices that align with the transformative impact of their services and attract clients who value their unique contributions.
Take the bold step towards pricing your service-based offerings with confidence, and share your methodology and pricing insights with Emma via email at hello@myindependentwealth.com.
For further guidance on wealth creation and business development, consider joining the STAR Wealth Strategic Planners Mastery School using the code Founder2 at checkout. Let's embark on the journey to unlocking your full potential and building a thriving service-based business.
Resources:
Access the mastery school here with your Founder2 discount code
3 steps to Become Your Own Wealth Manager Masterclass - instant access
Connect with Emma through a 1-on-1 below or chat or email her at hello@myindependentwealth.com
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