How to Charge Higher Fees
The Three “C’s” of Raising your Fees.
The first is COMMITMENT. People are much more committed to applying and doing what’s necessary to achieve a result if they’ve invested significantly. So you’re always going to get a much better result if your clients invest at the top end of the pricing scale.
Second, COMMUNICATION. One of the most demanding requirements of any business, and a true value of their clients’ satisfaction levels is the money that they’ve invested in Communication. If you perfect the art of the post-sale followup you will have raving fans, no matter what they paid. If your follow up after the sale isn’t consistent with their buying experience, your satisfaction level will suffer. Charge fees that allow you to invest the BEST in follow up systems.
Finally, CONTINUITY. Who wants to invest and begin a program that isn’t available for as long as you want to be a part of it? Or one who isn’t able to consistently innovate and remain at the cutting edge. You OWE it to your clients to continue to offer products that allow them to grow along with you…
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.
If you’re ready to begin charging 200% – 1,000% more than your currently billing AND having more satisfied clients, implement the above strategies and watch your profits grow accordingly.
~ Kevin Nations
