Milk them for all they've got - or make what you want?

107 replies
Hi,

There have been several threads recently where there are massively differing opinions about how to go about charging people for your services.

Some people say - screw em for as much as they'll pay regardless of what the cost to you is and fit the price to the client to maximise your revenue.

And some people say work out what you need to charge to be happy and fair and charge that.

With such a spectrum to the approaches I thought we might as well have a thread to discuss what people think is the best way.

How do you go about deciding your price?
#make #milk
  • Profile picture of the author Robert Puddy
    hahaha i pass on this hot potato, because its a compeletely loaded question with not much merit Andy

    Shame on you
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  • Profile picture of the author JayXtreme
    Both....

    Think about it

    Jay
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    Bare Murkage.........

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  • Profile picture of the author Louise Green
    I work to their budget. The other day we spoke to a company with a budget of £300 for SEO.. they wanted long term first page position for some highly competitive keywords.

    We explained that wasn't going to happen, at least not from us, but offered them a couple of alternatives.. less competitive keywords that's more realistic for their budget.

    It comes down to ROI.. the more they invest, the better the returns. Which creates a bigger task for us.

    Look at this http://www.google.com/trends?q=seo

    In our case which is SEO, the demand for SEO is increasing each year.. so does the value of good SEO. At the same time, more newbies enter the SEO scene, which is great for us, because they don't have the same level of experience/network as us and deliver cheap, but poor results. It's those guys that send us more business than word of mouth because of the amount of clients they disappoint.

    Those of us are able to charge a serious amount because we know the true value of what we do and how it will benefit our clients.

    At the end of the day, it all comes down to providing good value for money.
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  • Profile picture of the author jasonl70
    Originally Posted by Andyhenry View Post

    Some people say - screw em for as much as they'll pay regardless of what the cost to you is and fit the price to the client to maximise your revenue.
    Come on Andy, nobody said to screw anybody.

    As a matter of fact, from what I can see it was a matter of charging what the market says your are worth, or charging less because you do not think you are worth more.

    I just finished writing an industry white paper. The market says it's worth $199. Heck, when you get down to it, it's really just an 'ebook' - should I feel I am screwing companies by charging them $199 for an ebook?

    Is Tom Cruise screwing over the film producers by charging them more than a lot of other actors would charge (let alone what the actors at the local theater would charge)? He's charging for a lot more then the time spent saying some lines, he's charging what he's worth.
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    • Profile picture of the author Dan C. Rinnert
      Originally Posted by jasonl70 View Post

      Is Tom Cruise screwing over the film producers by charging them more then a lot of other actors would charge (let alone what the actors at the local theater would charge)? He's charging for a lot more then the time spent saying some lines, he's charging what he's worth.
      I'm not sure Tom Cruise is the best example, especially given his latest box office performance...
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  • Profile picture of the author Andyhenry
    Jason,

    I don't think your examples are in-line with what people were previously arguing against.

    There's a difference between some film company paying for Tom Cruise because they know some people will watch anything with him in - and saying that they could just pay someone cheaper for the same thing.

    I don't think it's so much a matter of how much you charge as whether you're knowingly screwing someone by overcharging for something just because you think they can afford it.

    If you want to sell me 1oz of silver for $10,000 just because you think I can afford it, when I can go buy the same thing for $30 on Ebay - That's just unethical.

    Sure maybe I can afford it and maybe you could convince me it was worth more than $30, but the issue is - The same thing is readily available from many other places and if I pay you $10k and then find I could have got the same thing for $30 - do you really think I'm gonna remain a customer?

    Maybe you're thinking that if you just get enough of those overpriced sales lined up you can sustain a business?

    I'm sure you've got a sensible way of thinking of it if you honestly believe that overcharging people is just good business, but some people take their business a little more personally and actually want to help people without trying to milk them dry.

    Just because someone 'can' pay a higher price - doesn't mean they should have to.

    I'm all for paying people what they're worth - but when a service takes 10 minutes of unskilled labour -I have a problem with being overcharged just because you think I don't know that.

    I've actually had people offer to pay me to do a Google business listing for them and usually I just charge for my time if I say yes, but some of my clients are asking me why other people are trying to charge them hundreds of dollars for the same thing - they think the others must be doing something more because they all have different prices for the same thing.

    These business owners are on tight budgets and just don't understand what's being offered with all the variations in price.

    Some of my clients have paid for Google listings serveral times when I first meet them because people keep charging them for 'google placements' and they don't realise they're all charging them for the same thing.

    Maybe their ignorance makes this their fault - but the people selling them this stuff actually don't care at all that they already have a listing or that they don't understand that they don't need what's being offered.

    There are a lot of unscrupulous people out there that will happily keep charging people for stuff they know won't make any difference to the business and even understand that the business doesn't really understand what's being offered.

    It's all about the money for some people and they'll happily screw these busines owners for everything they can.

    Maybe that's good business - but it's not the sort of business I can advocate or conduct.
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    • Profile picture of the author Tom B
      Banned
      Originally Posted by Andyhenry View Post

      It's all about the money for some people and they'll happily screw these busines owners for everything they can.

      Maybe that's good business - but it's not the sort of business I can advocate or conduct.

      It has to be about money at some point or I will start looking at my puppy as dinner.

      We should be looking at the value we give in return for their money. We give them $200 worth of product and they give us $100 then we both win.
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      • Profile picture of the author Ron Douglas
        Originally Posted by Thomas Belknap View Post

        We should be looking at the value we give in return for their money. We give them $200 worth of product and they give us $100 then we both win.
        How do you measure value?
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        • Profile picture of the author Tom B
          Banned
          Originally Posted by Ron Douglas View Post

          How do you measure value?
          With a measuring cup.
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        • Profile picture of the author Robert Puddy
          Originally Posted by Ron Douglas View Post

          How do you measure value?
          On how long it would take them to do it, not how long it takes someone who knows how to do it

          There not paying for your time they are paying for your knowledge.

          And if like Andy you know how to do it and just want to pay someone to do it for you then they have to make the decision do i do it myself or do i pay the rate being asked.

          As always Andy is taking the I could do it in 2 minutes its only worth 10 bucks position

          well the answer is do it your self then

          I take the position well if you wont pay me this much, i dont want to do it either...so that makes 2 of us
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        • Profile picture of the author Steven Wagenheim
          As Alexa said (I like the way that girl thinks) I have an hourly rate and
          won't work for less than that rate.

          If I have to outsource part of the job to get it done, I will add a percentage
          to the cost of what they charge me. The percentage will depend on how
          much work I had to do to get the outsourcer to finish the job (number of
          communications, problems, etc.)

          I will not take people to the cleaners AND I will also want to be competitive
          with a similar service. If I find that I can't or won't compete with those
          prices, I won't offer the service...period.

          Ultimately, I want to be paid what I feel I'm worth for the job.

          And therein lies the problem with providing services.

          Everybody has their own self worth and many times it is not based on
          any industry standard or reality but simply what they want to be paid
          for the job.

          It's called the free market system. Somebody brought up about Tom
          Cruise (who I think is a miserable actor). If he wants $X for a movie and
          somebody is willing to give it to him, they must feel he's worth it. And
          hopefully, if they've done their homework on their business model, they'll
          have a good idea of what kind of a return they'll get back for him being
          in their movie. If they don't, that's not Tom Cruise's fault.

          In other words, I have no sympathy for a business that is so clueless that
          they have no idea whether something is going to help them or not. If
          they don't know, they should ask questions. They should request
          documentation of previous services you've performed and the results
          you've brought.

          If I can promise you that I can bring you an additional $50,000 a year
          income, is that worth $2,000 to you?

          If not, go find somebody else who can do it for you for less. Nobody is
          putting a gun to your head to hire me.

          Ultimately, this whole discussion comes down to 2 things.

          1. The ethics of the person offering the service.
          2. The knowledge of the person asking for the service.

          The farther apart those two things are, the more royally the customer is
          likely to be screwed.

          That is the reality of the world we live in.

          But I realize this doesn't answer your question.

          So as Jay said, why can't it be both?
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        • Profile picture of the author Michael Mayo
          Originally Posted by Ron Douglas View Post

          How do you measure value?
          Come on Ron... You know the answer to that question.

          When you go to the store and buy a bunch of bananas they measure the
          value by weighing them right?

          1lb = x$ if you get 2lbs it costs you x2$.

          It's the same with business. You factor the cost of materials plus the cost of
          production and then see what the market will bare. Test, Test and Test some
          more!

          OH, By the way, We had the Red Lobster "Batter Fried Shrimp" tonight and it was awesome. Thanks!

          Have a Great Day!
          Michael
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    • Profile picture of the author Kelly Verge
      Originally Posted by Andyhenry View Post

      If you want to sell me 1oz of silver for $10,000 just because you think I can afford it, when I can go buy the same thing for $30 on Ebay - That's just unethical.

      Sure maybe I can afford it and maybe you could convince me it was worth more than $30, but the issue is - The same thing is readily available from many other places and if I pay you $10k and then find I could have got the same thing for $30 - do you really think I'm gonna remain a customer?

      This is exactly why we should never start acting like our services are commodities.
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  • Profile picture of the author Kelly Verge
    Like Louise, I work around the client's budget - or more accurately, based around what I can bring them.

    The other side of this, however, is that I do less for the lower-paying clients than I do for the higher-paying ones. When I'm paid more, I do more.
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  • Profile picture of the author Jagged
    How do I go about deciding my price?

    1. Work Involved
    -- goes without saying
    -- can I outsource all or portions, putting my teams resources to better use
    -- my current work load

    2. Clients Situation
    -- can the client afford you
    -- is the client untrusting of service providers because of past experiences
    -- does the client need a lot of handholding
    -- what would the client expect to pay for the services he/she is requesting of you
    -- projection of how much the client would benefit from your services

    3. Clients Future worth
    -- is the client in a position to bring referrals to your business
    -- is the client on a monthly payment plan
    -- will the client expand the scope of services in the near future

    It's all taken into consideration during the initial consultation....

    Milk them? No...I need to work in this town. I have an excellent reputation now, that means a lot to me. Much of my new business comes in as referrals....that wouldn't be happening if my business plan involved overpricing my services.

    Will I charge a local, 1 store pizzaria the same as I would pizzahut? No...but it would well be within perspective....

    I read the other thread...I commented that I personally thought it was out of line...but who am I to say. I'm just a lowly local marketer...who has a Conscience.
    Others may feed off the need to over charge.....Me, I make more than enough being the nice, honest guy....I'm getting use to cleaning up the messes others leave behind & I'm making a darn good living off of it to boot...

    ~Ken
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  • Profile picture of the author charlesburke
    So Andy, is a Rolex really a hundred times better watch than a Timex?

    Or is someone charging what the traffic will bear?

    And if so, is it unethical?

    Or a different way of doing business, motivated by a different set of vendor-customer values?
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  • Profile picture of the author tommygadget
    Well, I look at it this way. If you have a product that provides a lot of value and can really benefit your customer, then charge a fair price that you think is high enough to allow you to keep offering and supporting that product and make enough profit to keep going. Nobody is suggesting that you gouge your customers. I think it is shameful to see some GooRoos charging $2K for an essentially worthless blueprint that is a rehash of what can be researched in a day on this forum.

    TomG.
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  • Profile picture of the author Intrepreneur
    Charge them monthly if you can is my advice. That way it keeps mounting up to a mega snowball.

    If you can't then my other advice is don't get paid buttons... hold out for the clients who respect what the work is really worth.
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  • Profile picture of the author jasonl70
    Andy, the point is that Tom Cruise knows what his services are worth and charges accordingly. He doesn't feel guilty about it - he knows he will usually make his clients a lot of money, and charges based on his value.

    I've seen plenty of software packages sell for crazy amounts of money, based on the value that software brings to the customer. I used to be an IBM business partner, so I saw this A LOT ! I was able to get everything free for my own use - one day I got a small pile of cd's in the mail from them that would cost customers over $1 million to license!

    There's an offline local buisness niche I work in where I know my services bring in well over 10k a month in extra profit. I understand their business, I know what I am doing, and I don't sell empty promises. I, and most of the vendors, charge accordingly.
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  • Profile picture of the author enterpryzman
    I am glad to see another thread about this, perhaps the more it is talked about, the more it will truly be considered.

    I honestly think I have an answer based on all the postings on this, the price should be not what you are worth or think your worth. Not what they can afford or you think they can afford, and not how much they will make off of your work.......Drum rolls please:

    Charge what your Conscience can handle.......that's about the dumbest business practice I have ever heard of. I can honestly say that since we all have a variety of Conscience meters that is the only way to settle this.

    I love having a very successful business and always over delivering and am proud to say I treat clients with respect and honestly which build relationships........now that takes real 'gnads <<<< another crazy statemen

    Enterpryzman
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    • Profile picture of the author ewenmack
      There are two emotionally charged phrases here which tends to make it more difficult for a reasoned and open minded approach to a pricing discussion.

      Those phrases are "milk them for all they have got" and "screw them for all they are worth".

      Lets call it high pricing and low pricing models.

      Damn if I can remember the author's name and book title but he worked with more Fortune 1000 companies than any other consultant. In his university days the lecturer got all the students to go away and come back with a pricing model to be handed back in to him the next day. One by one he shredded them all to pieces. Examples were cost plus percentages, how much the individual wants to make and on and on they went. In the end he said, "you are all wrong...charge as much as the customers and competition allow you."

      Ewen
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      • Profile picture of the author Andyhenry
        Originally Posted by ewenmack View Post

        There are two emotionally charged phrases here which tends to make it more difficult for a reasoned and open minded approach to a pricing discussion.

        Those phrases are "milk them for all they have got" and "screw them for all they are worth".
        Don't worry - that's just me being dramatic and pushing the extremes a little to give people something to push against when posting their own perspective.

        I actually have a fairly flexible mindset on this stuff but I'm interested in rooting out peoples views than trying to give my own in too much detail.

        And besides I like letting people think I'm extreme, especially if they think they already know me
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        • Profile picture of the author LasseKohau
          Dear All,

          Maybe we could decide on some common client invoicing standards, so the handling and invoicing of offline customers wouldnt be totally wild west year 1870.

          I agree upon the view. You should charge, what your services and your performance/delivery is worth to the client.

          If the client saves 100 K in marketing budget a.y - why dont INC him 30K ?

          If sales go up with 500 K a.y, why dont INC client 25 K ?



          Pricesetting is in my opinion based on;

          client size, revenue, niche, contract-details, services delivered and services standard,
          consultants own experience, delivery, output/value to customer.

          This makes pricesetting and invoicing very complex.

          BR LASSE
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        • Profile picture of the author ewenmack
          Originally Posted by Andyhenry View Post

          Don't worry - that's just me being dramatic and pushing the extremes a little to give people something to push against when posting their own perspective.

          I actually have a fairly flexible mindset on this stuff but I'm interested in rooting out peoples views than trying to give my own in too much detail.

          And besides I like letting people think I'm extreme, especially if they think they already know me
          Yeah it can be fun throwing rocks at a low hanging bees nest and seeing the reaction!

          BTW, that's how I found out I'm allergic to bee stings.

          Ewen
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        • Profile picture of the author charlesburke
          A few years back, a good friend of mine, John Harricharan, wrote a little 18,000 word ebook and put it up on a website. It wasn't a very big book, he reasoned, so he'd only charge about $17 for it.

          And sales were dismal. Almost nobody bought.

          John was ready to just take it down and forget it, but he was talking with a marketer friend of his who asked if he'd tried to sell it at a higher price. Well, no he hadn't, so he raised the price to $24 and did another mailing.

          Son-of-a-gun, response went up.

          So John got curious. What if he made it $27? He did, and conversions went up again. Now, this really piqued his interest. Price up - another mailing. Price up - another mailing.

          And conversions didn't level off till he hit $97. And for the past 10 years, John has been selling The Power Pause at that price. Because the customers said to.

          The moral of this story is: the value of a product is ONLY determined by how much the customer is willing to pay. Not by how much YOU think it's worth. Nor how much you think YOU'RE worth.

          True story, by the way.

          Cheers from warm and smiling Thailand,
          Charles
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          • Profile picture of the author ewenmack
            Originally Posted by charlesburke View Post


            The moral of this story is: the value of a product is ONLY determined by how much the customer is willing to pay. Not by how much YOU think it's worth. Nor how much you think YOU'RE worth.
            Not a truer sentence. TESTING prices give you the answer.

            Ewen
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          • Profile picture of the author Andyhenry
            Originally Posted by charlesburke View Post

            A few years back, a good friend of mine, John Harricharan, wrote a little 18,000 word ebook and put it up on a website. It wasn't a very big book, he reasoned, so he'd only charge about $17 for it.
            Hey Charles - I remember that - I bought it when he first released it. It's a great book and I was really impressed with the way he made such a great story from one simple concept.

            I really like John's work and writing style. I'm writing a book at the moment and one of my goals is for it to feel as good for my readers as I feel when I read John's work.
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            • Profile picture of the author charlesburke
              Originally Posted by Andyhenry View Post

              Hey Charles - I remember that - I bought it when he first released it. It's a great book and I was really impressed with the way he made such a great story from one simple concept.

              I really like John's work and writing style. I'm writing a book at the moment and one of my goals is for it to feel as good for my readers as I feel when I read John's work.
              I recall a writing instructor years-n-years ago who told me, "First get the feeling in yourself that you want the reader to feel. Then write. That exact feeling will always come through if you start there." I hadn't thought about her advice for a long time, but you're pretty much echoing what she said.

              Thanks for the cool reminder.

              Cheers from warm and smiling Thailand,
              Charles
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  • Profile picture of the author CDarklock
    Originally Posted by Andyhenry View Post

    Some people say - screw em for as much as they'll pay regardless of what the cost to you is and fit the price to the client to maximise your revenue.

    And some people say work out what you need to charge to be happy and fair and charge that.
    An entire class of people, who are concerned with their customer instead of their own profits, have been neglected here.

    I have a pretty basic rule of thumb on products and services: whatever you charge, your customer should be able to recoup (using your deliverables) in two months.

    In other words, I think you should get a 500% annual ROI. Follow the math here; imagine that I have a product or service which will earn you $500 a month.

    $500/month = $1,000 in two months
    Price set at $1,000
    $500 monthly revenue * 12 months = $6,000 annual revenue
    $6,000 revenue - $1,000 investment = $5,000 return
    $5,000 return / $1,000 investment = 5.00 = 500% ROI

    I don't care how much more a client can pay. I want to see that 500% ROI there.

    Now, if I would be happy with a lower price, I might reduce the cost if a client can't or won't pay this.

    This is precisely what I did with Zombie Blogging. I felt, and still feel, that there's no reason anyone couldn't make $15 a month with the method - so $30 seemed fair, and $27 a good compromise. But when I examined the market, and considered the target customer, $27 was a little steep. So I reduced the price to $7, where it's selling quite well.

    However, let's play the other side of the fence for a moment, and ask the converse question: what if I'm not happy with the price that the ROI calculation generates?

    That gives me two choices. Improve the ROI of the product or service (perhaps by adding bonuses), or don't sell it.

    But the first and foremost concern is what's in it for the customer. If you're not starting there, something is wrong.
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    • Profile picture of the author Dennis Gaskill
      Originally Posted by CDarklock View Post

      An entire class of people, who are concerned with their customer instead of their own profits, have been neglected here.

      I have a pretty basic rule of thumb on products and services: whatever you charge, your customer should be able to recoup (using your deliverables) in two months.

      In other words, I think you should get a 500% annual ROI. Follow the math here; imagine that I have a product or service which will earn you $500 a month.

      $500/month = $1,000 in two months
      Price set at $1,000
      $500 monthly revenue * 12 months = $6,000 annual revenue
      $6,000 revenue - $1,000 investment = $5,000 return
      $5,000 return / $1,000 investment = 5.00 = 500% ROI

      I don't care how much more a client can pay. I want to see that 500% ROI there.

      Now, if I would be happy with a lower price, I might reduce the cost if a client can't or won't pay this.

      This is precisely what I did with Zombie Blogging. I felt, and still feel, that there's no reason anyone couldn't make $15 a month with the method - so $30 seemed fair, and $27 a good compromise. But when I examined the market, and considered the target customer, $27 was a little steep. So I reduced the price to $7, where it's selling quite well.

      However, let's play the other side of the fence for a moment, and ask the converse question: what if I'm not happy with the price that the ROI calculation generates?

      That gives me two choices. Improve the ROI of the product or service (perhaps by adding bonuses), or don't sell it.

      But the first and foremost concern is what's in it for the customer. If you're not starting there, something is wrong.
      So if I design a website for business A, with them knowing they have to promote it or it will not be profitable, and then they FAIL to promote it, that website isn't profitable. If I design a website for business B, and they do promote it and earn 10k from the site, does that mean business A shouldn't have to pay me anything and business B should pay me 20k? I had to put the same amount of time into each site, shouldn't I be paid the same for each?

      The point is, your model doesn't seem to factor in customer failure. How would you factor that in?
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      • Profile picture of the author CDarklock
        Originally Posted by Dennis Gaskill View Post

        The point is, your model doesn't seem to factor in customer failure. How would you factor that in?
        I don't. That's why the model doesn't seem to do that: because it actually doesn't do that.

        Once you have paid me to give you something that will make you money, if you do not use it to make the money, that is not my problem.

        I have found that when the client makes a lot more money than I projected, he doesn't give me any of it. So if he makes a lot less, I don't see why I should have to return any.
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        "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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        • Profile picture of the author enterpryzman
          Originally Posted by CDarklock View Post

          I don't. That's why the model doesn't seem to do that: because it actually doesn't do that.

          Once you have paid me to give you something that will make you money, if you do not use it to make the money, that is not my problem.

          I have found that when the client makes a lot more money than I projected, he doesn't give me any of it. So if he makes a lot less, I don't see why I should have to return any.


          I have to agree with you on this point, you can only be certain of what YOU or your contractors are providing on your behalf, you can in no way be sure the client will follow through on anything and that should never come into play.

          I would guess you could establish an agreement that required them to pay you ( contract ) bonus based on increased results over and above your standard charges, provided YOU are in control of the elements required for the increase to happen.

          Do not get me wrong, I love making money however, I never let that get in the way of how I treat a client. I educate them of the choices in my services and their cost. Better educated clients make better choices and will select value ( not always cheap ) every time. Never lead them or mislead them.

          Agree or not here, this is a valuable dialog in helping us all know how to sum up our own competition.

          Enterpryzman
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        • Profile picture of the author Dennis Gaskill
          Originally Posted by CDarklock View Post

          I don't. That's why the model doesn't seem to do that: because it actually doesn't do that.

          Once you have paid me to give you something that will make you money, if you do not use it to make the money, that is not my problem.
          I like a lot of what you said, but you said the client should earn a 500% annual ROI. If the client doesn't do his part there is no ROI, so how do you determine your prices in the first place? ROI comes after the sale. Are you basing them on the somewhat subjective value what you think they should make? I'm not knocking your system, just trying to understand it.
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          • Profile picture of the author CDarklock
            Originally Posted by Dennis Gaskill View Post

            I like a lot of what you said, but you said the client should earn a 500% annual ROI.
            You're missing a critical element:

            Originally Posted by CDarklock View Post

            I have a pretty basic rule of thumb on products and services: whatever you charge, your customer should be able to recoup (using your deliverables) in two months.
            So long as I provide the reasonable ability to recoup, I've done my job. Whether you actually do recoup is up to you. It's not my problem what decisions you make or why you make them.
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            "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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          • Profile picture of the author Dennis Gaskill
            Caliban, I should have been more clear. Here's what I'm getting after...

            Originally Posted by Dennis Gaskill View Post

            ... how do you determine your prices in the first place? Are you basing them on the somewhat subjective value of what you think they should make?
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            • Profile picture of the author CDarklock
              Originally Posted by Dennis Gaskill View Post

              Caliban, I should have been more clear.
              I also should have been more clear.

              That's a subtle question with an answer that is hard to understand, so I've been deliberately avoiding it.

              Suffice to say there is no "somewhat" to it. You are effectively pulling numbers out of your arse until you get something that isn't retarded.
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              "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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              • Profile picture of the author Joe Benjamin
                Originally Posted by CDarklock View Post

                I also should have been more clear.

                That's a subtle question with an answer that is hard to understand, so I've been deliberately avoiding it.

                Suffice to say there is no "somewhat" to it. You are effectively pulling numbers out of your arse until you get something that isn't retarded.

                Lol. Awesome.
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              • Profile picture of the author Bronwyn and Keith
                Hi Warriors

                We have a simple formula for working with our offline customers.

                1) Ask them what they have been paying
                2) Ask them what results they have been getting
                3) Work out a plan that improves that position
                4) Factor in a reasonable profit margin
                5) Provide the synopsis including deliverables to the customer
                6) Check to see if they are happy to proceed
                7) If yes get to work.

                NOTE :- Our prices are always much less than they "Were" paying. Thus a happy initial experience for the customer

                THEN :- We deliver on the plan

                They get the results and we get paid. Win - Win

                regards

                Bronwyn and Keith
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              • Profile picture of the author Tom B
                Banned
                Originally Posted by CDarklock View Post

                I also should have been more clear.

                That's a subtle question with an answer that is hard to understand, so I've been deliberately avoiding it.

                Suffice to say there is no "somewhat" to it. You are effectively pulling numbers out of your arse until you get something that isn't retarded.
                Not necessarily. I think it depends on the product.

                Since we are talking about money making products, I think it should be easier to predict what the person can make based on experience of using the techniques being sold.
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                • Profile picture of the author CDarklock
                  Originally Posted by Thomas Belknap View Post

                  Since we are talking about money making products, I think it should be easier to predict what the person can make based on experience of using the techniques being sold.
                  Predicting the future and pulling a number out of your arse are effectively the same thing. You get better at identifying which ones are retarded, but you're still not Kreskin.
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                  • Profile picture of the author Tom B
                    Banned
                    Originally Posted by CDarklock View Post

                    Predicting the future and pulling a number out of your arse are effectively the same thing. You get better at identifying which ones are retarded, but you're still not Kreskin.
                    True and I think I phrased it incorrectly.

                    It isn't possible to predict what the person will make because who knows what type of effort they will put into the method or if they will follow the methods as written.

                    You can base price on your experience using the methods and the amount you made.
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                    • Profile picture of the author CDarklock
                      Originally Posted by Thomas Belknap View Post

                      You can base price on your experience using the methods and the amount you made.
                      There, too, things get thorny. As you get more experience, you start to get a better feel not only for what kind of money there is in this method... but for what kind of person it takes to make that money. And you can tell whether a given client is that kind of person or not. In the same way, you can often tell that a particular marketing approach isn't going to work for the particular client's business.

                      And when you've got standard prices, that can get difficult because you say "this service is $6,500" and the client goes "What's that one? I want that! It looks expensive!" - so you have to come up with some way to say "localised SEO around the Pacific Rim is not going to bring more people to your Alabama car wash" without using the obvious shorthand "you're an idiot, get out of my office."

                      Pricing is less of a science and more of a religion, really. Asking whether you believe in charging more for certain clients is sort of like asking whether you believe in the money fairy, who shows up unpredictably and pays you shocking amounts of cash for a half hour of work.
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                • Profile picture of the author oihjk
                  I think the decision should be made according to value given to client and the conscious of the person offering the product. The question should be can I accept this with a clear conscious according to the value that my customer gets out of this.

                  However, we should never charge a high price simply because "they" will pay it.

                  Now to say that one book that has 200 pages is worth the same as the next book that has 200 pages is stereotypical and incorrect. That would mean that all information is worth the same amount, which obviously isn't true. It depends on the value that the contained information brings to the client.

                  In my opinion the foundation of this question is really dependent on the integrity of the person offering the product or service.

                  Eric
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                  • Profile picture of the author ewenmack
                    Here's two stories from the informorcial world that demonstrate percieved value and brute force in beating the competition.

                    The first one comes from Steven Scott from American Telecast Corporation. He recruited an ex President, the man behind bringing Jimmy carter to trial over watergate, plus a whole swag of movie stars.
                    Anyway, Steve wanted to demonstrate how a good story makes a massive change on the same person when holding the same item. Their partner on relationship products had a room full of women wanting to know the secrets to what men find attractive about women. He handed out a very shaby violin around for all the women to touch and look at. They quickly passed it on untill the presenter said "that violin is a rare [famous name I even once knew] and is valued at over [in the hundreds of thousands of dollars]. Now the rest of the ladies gently held it and spent much, much more time looking and admiring the same violin.

                    Same violin, different story...different reaction.

                    Next comes from Dan Kennedy. He's been behind the scenes of Guthy Renker who have produced some of the most successful informercials.

                    Anyway, he asks the question, "why is it a container of "goop" that women put on their face, that has the ingredients on the packaging, which can be made for you by a private labelling company, when a competitor can hire a movie star to front the commercial when they can be had by lunchtime tomorrow, when a film production crew can be hired to produce the same quality informercial, can hire the same quality script writers, why doesn't this happen in this age of knock offs...? It is all there for the taking...why don't people do it?"

                    He says the answer lies in the numbers and deep pockets. The winning company is prepared to wait 9 months to make a profit. They are front end loading customers into repeat business and are prepared to take a loss of ten's of millions, and in some cases over 100 million.

                    In the end, the winners in the informercial world have the biggest load of money backing them.

                    So, in different industies there are different dynmacs at play which allow for different profit margins.

                    Ewen
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                    • Profile picture of the author AllAboutAction
                      Originally Posted by ewenmack View Post

                      He recruited an ex President the man behind bringing Jimmy carter to trial over watergate
                      :confused::confused::confused:
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                      • Profile picture of the author ewenmack
                        Originally Posted by AllAboutAction View Post

                        :confused::confused::confused:
                        Fixed now, put comma in.

                        Ewen
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                        • Profile picture of the author AllAboutAction
                          Originally Posted by ewenmack View Post

                          Fixed now, put comma in.

                          Ewen
                          I wasn't aware Jimmy Carter went to trial over Watergate. But now I'm digressing.
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                          • Profile picture of the author tecHead
                            Originally Posted by AllAboutAction View Post

                            I wasn't aware Jimmy Carter went to trial over Watergate. But now I'm digressing.
                            I wasn't gonna say anything...
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                          • Profile picture of the author CDarklock
                            Originally Posted by AllAboutAction View Post

                            I wasn't aware Jimmy Carter went to trial over Watergate. But now I'm digressing.
                            No political discussions!
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                            "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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                    • Profile picture of the author CDarklock
                      Originally Posted by ewenmack View Post

                      The winning company is prepared to wait 9 months to make a profit.
                      Say what?

                      The winning company is prepared to wait 9 months to make a profit.
                      One more time...

                      The winning company is prepared to wait 9 months to make a profit.
                      What I tell you three times is true.
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                      "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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                      • Profile picture of the author ewenmack
                        Originally Posted by CDarklock View Post

                        Say what?



                        One more time...



                        What I tell you three times is true.
                        Oh fantastic, somebody is reading my post!

                        Ewen
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              • Profile picture of the author Vijay M
                Originally Posted by Alexa Smith View Post

                I have an hourly rate, and won't work for anyone below that rate. The price puts most people off, so I mention it very quickly indeed in any conversations to which it might become relevant (which saves everyone's time).

                At my hourly rate, I'll then consider taking on work if (i) I'm interested in it, (ii) I think I'll be able to do it better than most people otherwise available, and (iii) I have time available to do it (which I don't at the moment).

                Potential clients usually want a "fee for the job" rather than an hourly rate, of course - so I have to know enough about the job to be able to tell, reasonably accurately, how long it's going to take me ... but you get good at that with a bit of experience. And when I do sometimes make a mistake with it, that's my problem: I stick to the price quoted and learn from it. But I always estimate and quote the price according to my hourly rate, not what I think the market will stand or what the client can/might afford.
                I just do not understand the hourly rate scenario. Most people have a tendency to stretch the hours/days for completing a job, if contracted by the hour.

                Ex: If I have trained and spent ungodly amount of hours perfecting a craft, and can fix a problem in less than an hour, and be sure that, finding my same expertise would take my potential client more time, why would I quote by the hour, instead of by the job?

                True story:
                2 weeks back, a potential client had a laundry list of things to be fixed on his website.I had run into the issue before and knew exactly what needed to be done to fix it. I could fix it in less than an hour, but that was because of all the time I had spent earlier fixing a similar bug. I thought 150$ would be a fair fee to ask. But cruising this forum , I had come across some good advice to never be the first person to put down a $ figure. So, I asked the client, what he thought would be a fair fee if i could fix it within the day. He came back saying 400$. whoa..I said ok, and had his problem fixed in a few hours. The guy was so happy, he paypal'ed a bonus of 50$ without even mentioning it !! Having the problem fixed and being able to accept payments asap, was worth much more to him, than what I thought.

                It also allays the unspoken doubts in my potential client' mind, when I quote a fee for a job, instead of quoting by the hour.


                Originally Posted by CDarklock View Post

                .. .....
                Suffice to say there is no "somewhat" to it. You are effectively pulling numbers out of your arse until you get something that isn't retarded.
                Laughed so hard...thank you for that quote.

                Now, I'm off to find a decent pub in DC to support Brazil.. :-)

                Vijay
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                • Profile picture of the author ewenmack
                  Originally Posted by Vijay M View Post

                  But cruising this forum , I had come across some good advice to never be the first person to put down a $ figure. So, I asked the client, what he thought would be a fair fee if i could fix it within the day. He came back saying 400$. whoa..I said ok, and had his problem fixed in a few hours. The guy was so happy, he paypal'ed a bonus of 50$ without even mentioning it !! Having the problem fixed and being able to accept payments asap, was worth much more to him, than what I thought.
                  Vijay, you've Paypaled the forum poster for that advice...didn't you?

                  Ewen
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  • Profile picture of the author jasonl70
    here's the thing: I see alot of people "shocked" by what real businesses charge for building websites, etc. And instead of seeing that the market has decided that their skills are worth a lot, they continue to undervalue their skill. It's one thing to choose to be the 'cheapest solution' for legit business reasons, or to choose to be in business to support a lifestyle, but do so with your eyes open realizing you are priced way under what you are worth to the rest of world.

    some folks with 10/hr jobs will value anything they can do in an hour at around $10.. but sometimes the market says it will pay you $100/hr for your work - don't disparage those who get that $100 when you still ask 10 just because you don't have the the courage or self-worth to ask for more.


    BTW - I am not a tom cruise fan I was just using him as an example..
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    • Profile picture of the author Dan C. Rinnert
      Originally Posted by jasonl70 View Post

      here's the thing: I see alot of people "shocked" by what real businesses charge for building websites, etc. And instead of seeing that the market has decided that their skills are worth a lot, they continue to undervalue their skill. It's one thing to choose to be the 'cheapest solution' for legit business reasons, or to choose to be in business to support a lifestyle, but do so with your eyes open realizing you are priced way under what you are worth to the rest of world.
      You also have to deal with the notion that something is worth more because someone else charges more.

      For example, there used to be a competitor in town that would do a website for around $600. The same type of website is one that I would do for about $120. People gravitated to the $600 one. They charged more so their service must be worth more.

      On the other hand, IMers would probably not want to pay more than $20 for what I charged $120 for and for what that other company charged $600 for.

      So, there is a perception issue both ways.

      That may be why more and more online companies are moving "offline." In the real world, businesses tend to value things a little more. Business owners, in particular, generally (not always) recognize the value of time. Instead of fighting with customers that think paying fifty bucks for a website design is highway robbery, web design firms can talk with business owners who think $1000 for a website is a steal.
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  • Profile picture of the author RichardDean
    Thomas Said

    "We give them $200 worth of product and they give us $100 then we both win."


    Well if you get 100.00 than it is only worth 100.00?

    You can't say it is worth 200.00 if you can't sell it for 200.00!


    I have a book that says my baseball card is worth 50.00 but I take it to the show and anyone will only give about 17.00
    so is it worth 50.00 or not?


    Something is only worth what you can get for it. Preceved value is not worth a hill of beans!



    CDarklock Said

    This is precisely what I did with Zombie Blogging. I felt, and still feel, that there's no reason anyone couldn't make $15 a month with the method - so $30 seemed fair, and $27 a good compromise. But when I examined the market, and considered the target customer, $27 was a little steep. So I reduced the price to $7, where it's selling quite well.



    this guy is nuts "$27 was a little steep. So I reduced the price to $7"

    reduced the price to $7 .... LOL ... I'm still LOL ...

    Where did that beer icon go I want to give him 7.00 for making me LOL....


    Sorry have to stop here I'm laughing to hard to keep reading

    Richard
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    • Profile picture of the author Tom B
      Banned
      Originally Posted by RichardDean View Post

      Thomas Said

      "We give them $200 worth of product and they give us $100 then we both win."


      Well if you get 100.00 than it is only worth 100.00?

      You can't say it is worth 200.00 if you can't sell it for 200.00!


      I have a book that says my baseball card is worth 50.00 but I take it to the show and anyone will only give about 17.00
      so is it worth 50.00 or not?


      Something is only worth what you can get for it. Preceved value is not worth a hill of beans!


      Richard

      No one said to artificially inflate the value. I said to add enough value to the offer to make it worth more than you are asking.

      If I wanted more then the baseball card is worth I would have to add additional cards or a hand craftred, vacuum sealed, mahogany baseball card case or something else to make the value more.

      I don't really understand why this was difficult to understand.
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  • Profile picture of the author ewenmack
    Originally Posted by Andyhenry View Post

    Hi,

    There have been several threads recently where there are massively differing opinions about how to go about charging people for your services.

    Some people say - screw em for as much as they'll pay regardless of what the cost to you is and fit the price to the client to maximise your revenue.

    And some people say work out what you need to charge to be happy and fair and charge that.

    With such a spectrum to the approaches I thought we might as well have a thread to discuss what people think is the best way.

    How do you go about deciding your price?
    Here is a video on Dan Kennedy talking about price elasticity...


    Ewen
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  • Profile picture of the author Joe Benjamin
    Originally Posted by Andyhenry View Post

    Hi,

    There have been several threads recently where there are massively differing opinions about how to go about charging people for your services.

    Some people say - screw em for as much as they'll pay regardless of what the cost to you is and fit the price to the client to maximise your revenue.

    And some people say work out what you need to charge to be happy and fair and charge that.

    With such a spectrum to the approaches I thought we might as well have a thread to discuss what people think is the best way.

    How do you go about deciding your price?
    There were a few people who were turned away by
    my rates and fee's, and a few who jumped on board.

    I make few accommodations...for nobody.

    Many more people appreciate that I charge what I
    feel my specific service or product is worth (as well
    as my time) and what I KNOW they can get out of
    the service or product I charge for.

    I don't go out of my way to charge MORE based on
    what I think someone can afford, because I only
    typically attract customers and clients who CAN
    afford what I have to offer.

    There have been a few people who I thought would
    not be able to afford to work with me, and yet were
    some of the fastest ones to be happy to pay.

    And here's the thing: It's always a good thing to
    keep charging as much as the free market will bear
    because I promise you this...you will NEVER get a
    customer or client who will give you MORE money
    AFTER the fact.

    In other words, if they know what you're giving
    them is worth far more to them than the money is
    to you...they will NOT tell you about it.

    At the same time, the goal is to give MORE in value
    than what you take in cash...but not so much to
    the point where you cheapen yourself.

    It's a balance...it's always a balance.
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    • Profile picture of the author ewenmack
      Originally Posted by WhoIsBenjamin View Post


      ...you will NEVER get a
      customer or client who will give you MORE money
      AFTER the fact.
      Actually I did.

      I went in with the highest quote...got the ongoing job and straight away she gave me more without asking, without doing more than the job requirements were.

      I then bumped up the price within a year.

      I might tell you the real reason why she chose me rather than all the others, someday.

      It certainly wasn't my looks or "image".

      Ewen
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      • Profile picture of the author Joe Benjamin
        Originally Posted by ewenmack View Post

        Actually I did.

        I went in with the highest quote...got the ongoing job and straight away she gave me more without asking, without doing more than the job requirements were.

        I then bumped up the price within a year.

        I might tell you the real reason why she chose me rather than all the others, someday.

        It certainly wasn't my looks or "image".

        Ewen
        I stand corrected. You're right...but In EVERY instance in which
        I've determined my value and priced accordingly...it was BECAUSE
        of me.

        It's possible someone will offer you MORE money than you would
        have originally quoted, or that they give you MORE than what
        you quoted at first...

        but I DO know it's so rare, it's very silly to count on it to happen
        at all (if not by mistake).

        The point I wanted to make is that YOU have to raise the fee's
        by determining what your value is worth and what it's worth in
        the marketplace...that occurence, although awesome...just isn't
        likely to EVER happen before you realize you could have made far
        more than what you were asking for.

        It's about thinking for yourself and piecing together the puzzle
        to do what's best for you and the value you have.
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  • Profile picture of the author tecHead
    All this chatter and, (unless I missed it), I've not seen anyone mention COGS.

    This is how I determine my prices; by the Cost Of Goods Sold plus enough of a profit margin for me and still be able to undercut my competitors, (or at least meet their price).

    I also understand the mentality of charging what you feel you're worth; but at the same time, you better damn well live up to that assumption.

    All in all, IMHO, I think the price you set for whatever product/service is a moot point unless you're doing your market research. I try to strive to find that mix of the best materials for the best price without cutting corners. Then you have to take your competitors into consideration and what they're paying and the quality that price is getting them.

    Everybody, (regardless of the economic situation at any given time), is looking for a bargain; even the ones that say money doesn't matter. There are few and far between instances where the smarter Consumer is the one who paid the higher price, in the Consumer's eyes. Thus, we constantly see pricing wars. No?

    IMHO, to selfishly sit back on your heels as a Merchant and call yourself dictating what your Customer should pay because you're so good is nothing more than an invitation for someone like me to come in and swoop that Customer from right under your nose. Because I'm going to tell him/her that they don't need to be treated that way and shouldn't feel trapped into a price when they can get the same, (if not better quality), for cheaper.

    Just my 2¢
    PLP,
    tecHead
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    • Profile picture of the author CDarklock
      Originally Posted by tecHead View Post

      All this chatter and, (unless I missed it), I've not seen anyone mention COGS.
      That's because we're talking about pricing your services, which are not goods and do not have a cost.
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      • Profile picture of the author tecHead
        Originally Posted by CDarklock View Post

        That's because we're talking about pricing your services, which are not goods and do not have a cost.
        Wouldn't the COGS for a service be the time spent? Re-reading, I think Alexa and Stephen came the closest to stating it; with their mention of hourly rates.

        <shrug>
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        • Profile picture of the author CDarklock
          Originally Posted by tecHead View Post

          Wouldn't the COGS for a service be the time spent?
          There is no COGS for a service. COGS is explicitly applicable only to merchandising and manufacturing.
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          • Profile picture of the author tecHead
            Originally Posted by CDarklock View Post

            There is no COGS for a service. COGS is explicitly applicable only to merchandising and manufacturing.
            lol, ok but my Accounting professor would beg to differ with you, bro.

            ok, ok... my bad... you're right from the literal sense; been a long time since I've been in accounting class and I didn't like it anyway. M professor was always yelling at me for making things too simple.

            I should have said COS (Cost of Sale); that's what I was (literally) referring to. That's the COGS service oriented businesses; COS.

            Had to pull the old textbooks out lol
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            • Profile picture of the author CDarklock
              Originally Posted by tecHead View Post

              ok, ok... my bad... you're right from the literal sense; been a long time since I've been in accounting class and I didn't like it anyway.
              And, in turn, I'm not familiar with COS... never took accounting... but I've done the supply chain management software for several companies that stocked and produced physical inventory. So I had to know about COGS, because it's always a major part of the forecasting engine.
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              • Profile picture of the author tecHead
                Originally Posted by CDarklock View Post

                And, in turn, I'm not familiar with COS... never took accounting... but I've done the supply chain management software for several companies that stocked and produced physical inventory. So I had to know about COGS, because it's always a major part of the forecasting engine.
                cool...

                ... but we digress
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  • Profile picture of the author WD Mino
    Value comes down to the customer's perception. You could be offering a service like web design,seo,programming or what have you and charge say 3-5 hundred for the service unless the customer sees that as a deal or as something of value it makes no difference how you present it they will see it as useless to them.

    providing value to your customer means value to your customer their perception. No one can gurantee an ROI whether on web design as Denis mentioned or seo as louise mentioned or anything else. we can project a value to our customers by being very good at what we do but in the end the value lies in the eyes of the customer.

    I offer a lot of services computer repair,networking custom systems satellite installs etc etc etc and I am competitive and have an edge over most in the industry.... but that doesn't make my phone ring off the hook! the customers who refer me do Value is in solving the clients problem quickly and efficiently, same as online you provide a solution for a problem they value is not in you it is in the customer's perception of the value i.e. saves time saves them money opens new doors whatever never is it in the power of the entrepreneur but always in the hands of the customers they decide what value is .
    -WD
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  • Profile picture of the author christomax
    I like to work with there price range, builds respect from them too
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  • Profile picture of the author tryinhere
    Originally Posted by Andyhenry View Post

    Hi,

    There have been several threads recently where there are massively differing opinions about how to go about charging people for your services.

    Some people say - screw em for as much as they'll pay regardless of what the cost to you is and fit the price to the client to maximise your revenue.

    And some people say work out what you need to charge to be happy and fair and charge that.

    With such a spectrum to the approaches I thought we might as well have a thread to discuss what people think is the best way.

    How do you go about deciding your price?
    Not personal but the other funny thing i see on forums is many people who worry about what another person is doing ?

    Are people so mixed up in their own positioning that they have time to care or bother as to who is charging what or who is doing what in an excessive way.

    Why does it matter if some knob charged xyz for a G spot, why does it matter if another charges half price.

    Many people are so busily focused on what other people are doing its a wonder they even get time to focus on where they are going, old school tells me that if i find a person who worries about what another person is doing, is i have found a business competitor i can beat.

    For while they spend 50% of their time worrying about what others are doing they are in fact spending 50% less time in focusing on their own business and as such are 50% less effective than they need be.

    If people learn to set the pace and let the others worry about them then all would better for them, and i am guessing those spending the most time worrying about what others do or charge have the least idea in the first place on what they should be doing or charging themselves.

    Yet it is these same people who offer the greatest voice in what to do, making it a pointless exercise.

    back on topic

    And some people say work out what you need to charge to be happy and fair and charge that.
    i will take that option.
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    • Profile picture of the author AllAboutAction
      Originally Posted by tryinhere View Post

      Not personal but the other funny thing i see on forums is many people who worry about what another person is doing ?

      Are people so mixed up in their own positioning that they have time to care or bother as to who is charging what or who is doing what in an excessive way.

      Why does it matter if some knob charged xyz for a G spot, why does it matter if another charges half price.
      Because price is an essential element of the marketing mix. In some markets (e.g. commodity markets) you'd better not be twice as much as your nearest competitor. Ignore your competition at your peril unless you're already turning away business.

      As for what to charge, this really comes down to the "cost plus" method of pricing versus "perceived value". Many people here seem to be advocating the cost plus method. "It takes x hours of labor (not COGS ) to do this, labor costs (or my time is worth) Y, therefore the price is x*Y + profit = Z."

      Others go by the perceived value to the customer. "This information is going to make him a million bucks, so I think I can get $5000 for it" even though the costs aren't nearly that much. I've heard many people here call certain levels of this "unethical", although I can't for the life of me understand why. Is it unethical to sell a $2000 pair of jeans? Is Jay Abraham unethical in charging $5000/hr for consulting? I might not pay that, but someone else might be happy to do so.

      And there aren't any hard and fast rules of when to use each. Someone fresh out of marketing school might charge $50 and hour for consulting, but someone with 20 years of experience might charge a percentage of profits for the same job (and be worth it!). Both are charging what the market will bare for their skills.
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      • Profile picture of the author tecHead
        Originally Posted by AllAboutAction View Post

        ...

        As for what to charge, this really comes down to the "cost plus" method of pricing versus "perceived value". Many people here seem to be advocating the cost plus method. "It takes x hours of labor (not COGS ) to do this, labor costs (or my time is worth) Y, therefore the price is x*Y + profit = Z."...
        sheesh! can't get away with a slip of the finger in this damned place :rolleyes:
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        • Profile picture of the author AllAboutAction
          Originally Posted by tecHead View Post

          sheesh! can't get away with a slip of the finger in this damned place :rolleyes:
          Hey, you got the easy crowd tonight!
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    • Profile picture of the author Andyhenry
      Originally Posted by tryinhere View Post


      Many people are so busily focused on what other people are doing its a wonder they even get time to focus on where they are going.
      That's the thing - many people get in to IM without a clue or a plan and so they start out looking at what their options are. Then they see lots of claims of "make $xxxx in X days" and so starts their journey of running around trying to copy whatever it is that appears to be working so well for others.

      After a while they realise that they need a better strategy but have got so used to watching other people that they can't help it - they've just changed their focus from trying to model success to rubber necking other peoples activities - whatever they are.

      It's like those people that slow down the traffic because they slowed down to watch someone who stopped their car to have a picnic by the roadside.
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      • Profile picture of the author CDarklock
        Originally Posted by Andyhenry View Post

        so starts their journey of running around trying to copy whatever it is that appears to be working so well for others.
        Don't we advise them to do this?

        Don't we tell people over and over that if they want to know what product they should be selling, they should look at what other people are selling?

        What book should I write? Check Amazon's best sellers.

        What niche should I enter? Check Google's hot trends.

        What product should I make? Type "how do I" into the forum search.

        The raw fact is, it's near-impossible to teach someone how to be independent and creative. So when someone wants to be dependent and copy people, we have an answer... but for the forward-thinking people who want to do their own thing? We've not got a clue.

        I don't think this is so much a terrible thing, as just the kind of thing we have to live with. Independent and creative happens by itself. It's a flower. You can't make the flower grow... you have to let it.
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        • Profile picture of the author tecHead
          Originally Posted by CDarklock View Post

          ... Independent and creative happens by itself. It's a flower. You can't make the flower grow... you have to let it.
          Maybe a tad bit off-topic, but sounds like my Brother. Couldn't make that man care about academics enough to do better than a passing grade, for the life of me. But, he ate, slept and took a crap with his bass in hand; (pretty much still does lol).

          This thread started out talking about pricing choices and has morphed over into the thought process; this thread is independent and creative, by default. Direct correlation to the fact that truly understanding your business enough to effectively price your products/services moving your business into profit calls for independent and creative analysis of the market you're operating in.

          ...nice discussion...
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        • Profile picture of the author Andyhenry
          Originally Posted by CDarklock View Post

          Don't we advise them to do this?

          Don't we tell people over and over that if they want to know what product they should be selling, they should look at what other people are selling?

          What book should I write? Check Amazon's best sellers.

          What niche should I enter? Check Google's hot trends.

          What product should I make? Type "how do I" into the forum search.

          The raw fact is, it's near-impossible to teach someone how to be independent and creative. So when someone wants to be dependent and copy people, we have an answer... but for the forward-thinking people who want to do their own thing? We've not got a clue.

          I don't think this is so much a terrible thing, as just the kind of thing we have to live with. Independent and creative happens by itself. It's a flower. You can't make the flower grow... you have to let it.
          While I agree with most of what you've said - I've actually been able to use NLP and Hypnosis to ramp up peoples creativity and independence so I'm not sure I would agree that they should just be left to see what happens - they can actually be helped, just not in the normal way of passing them information.
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          • Profile picture of the author CDarklock
            Originally Posted by Andyhenry View Post

            I'm not sure I would agree that they should just be left to see what happens
            Not at all what I'm saying.

            What will help a specific person with their independence and creativity depends on what is blocking it.

            There's no one-size-fits-all solution. You have to know what kind of flower can grow there, what kind of environment that flower needs, and what is wrong with the environment it has. And then you can start dealing with the question of how to alter the environment.

            But even then, you don't make the flower grow. You just give it favourable conditions.
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          • Profile picture of the author ewenmack
            An interesting point about human identity comes into play here too.

            Somebody's identity says things like...

            I,m a mother

            I,m a jeweller

            I,m a electrician

            I,m a hairdresser

            I'm a monk

            I,m a pornstar

            I,m a news editor

            Now this translates into business as some of those examples mentioned.

            They can be self employed plumbers, electricians and hairdressers.

            They see themselves as that.

            They don't see themselves as markerters of that business.

            A markerter sees himself as a person who markets a product/products and is in the business of marketing those products and services.

            The marketer sees himself able to go from one industry to any other, because marketing fundementals don't change much between industry.

            Hence he can see how others position their offers for maximum profits, test pricing, how they counter competition and then transfers it to his industry.

            The solo operator often has a closed shop mentality, so when confronted with an opportunity to advance his business, he thinks, "this will never work in my industry", or "this won't work here because nobody else does that".

            You end up with a mass of boring sameness where everything is inbred!

            Fascinating thing is peoples identity and how that drives them.

            Ewen
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            • Profile picture of the author Dennis Gaskill
              Originally Posted by ewenmack View Post

              Somebody's identity says things like...

              I,m a mother

              I,m a jeweller

              I,m a electrician

              I,m a hairdresser

              I'm a monk

              I,m a pornstar

              I,m a news editor

              -snip-
              Wow, Ewen, you're a monk and a porn star. That's an eclectic combination!
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              • Profile picture of the author ewenmack
                Originally Posted by Dennis Gaskill View Post

                Wow, Ewen, you're a monk and a porn star. That's an eclectic combination!
                I tell ya, I could tell you some stories that would make a sailor blush!

                Ewen
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                • Profile picture of the author Andyhenry
                  Originally Posted by ewenmack View Post

                  I tell ya, I could tell you some stories that would make a sailor blush!

                  Ewen
                  I was a sailor for 14 years, but I left 10 years ago - will they still make me blush?

                  Seriously - those are interesting observations, I thought about the same things in relation to people and their behaviour but not such much with respect to marketing.

                  I also thought of something else that affects our prices in IM - Affiliates.

                  Sometimes when I create an IM product I want to make it really cheap so more people can get it (sometimes I go overboard make it free) because it's not about the money for me - but when I factor-in affiliates I often end up thinking I need to increase the price just to make it attractive to affiliates. There's no doubt that people will get the value, it's just a fact that some affiliates won't promote really cheap products.

                  It's natural because they also have their business model and need to make the numbers stack up.
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                  • Profile picture of the author ewenmack
                    Originally Posted by Andyhenry View Post


                    I also thought of something else that affects our prices in IM - Affiliates.
                    Great point about pricing to attract affilates.

                    You'll notice Frank Kern, Jeff Johnson, Jeff Walker, John Reese and Andy Jenkins mostly promote $1997 price point launches. With those launches coming out frequently, why would they come in at a lower point when their customers are use to that price?

                    It kind of lowers the image of them being the leaders in the IM community.

                    Ewen
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                    • Profile picture of the author ExRat
                      Hi,

                      There are two emotionally charged phrases here
                      There are also two other relevant points -

                      Unless I'm mistaken, the 'other' thread referred to, specifically related to a situation regarding an IMer selling to a bricks and mortar business, yet the original question states -

                      about how to go about charging people for your services.
                      (Emphasis added.)

                      Perhaps it would have been more logical to phrase that as 'charging companies for your services.' After all, services provided to profitable companies are tax deductable.

                      As was mentioned in that other thread, if you're selling to a corporate entity it totally changes the ethical questions/angst regarding pricing. To take it to the extreme, you can't compare selling services (like say article writing or backlinking) in a WSO to individuals (typically) with selling SEO services to someone like GlaxoSmithKline.

                      They're too far apart.

                      If someone said 'you should charge as much as the customer is willing to pay', you might find that it complicates things by not being clear about the difference between the two above-mentioned scenarios.

                      Let's put it into perspective - if we are talking about rip offs, or (perceived) 'over-charging', or generally snake-oil salesman-like behaviour, then in my opinion there is nothing more distasteful and inadvisable than what we see here most of the time -

                      People who only a few months/years ago were typically fresh, naive and slightly desperate new IMers, coming here and asking for and receiving free advice, then a short while later once they have found their feet turning around and without conscience turning full circle and preying upon the very people who are identical to how they were only a short time ago - selling them the snake-oil that only a short while before they were whingeing and complaining about themselves - as desperate newbies.

                      There is a culture that exists in the 'IM' scene where (with a nod and a wink) it's acceptable to do this - even though the people doing it cannot possibly turn around and defend themselves by pretending that they aren't fully aware of just how desperate, naive and gullible these brand new newbies are - who are just discovering this 'magical' 'new' world of 'instant' internet money, acronyms, new techie words and amazing technology - because they have most definitely 'been there' themselves - the proof is in the archives of the forum.

                      So it's a bit rich to see many of the regulars here getting all angst-ridden about others who have learnt the trade, paid their dues, become skilled in an emerging technology and then going out into the big offline world (which is full of established, often cash rich, sometimes corporate entities) and getting the highest price possible for their services.

                      If you want to criticise someone for their ethics, isn't it more rational to target those who 'graduate' but then immediately turn around and target the most vulnerable new 'students' at the school that they have just graduated from, when in fact they are missing a trick by ignoring those way more wealtheir established entities who are happy and willing to pay a premium for services in an industry that simply baffles them?

                      In my opinion, we should be wary of those who turn on their own without conscience, whereas we should applaud those who take what they have learned, hit the external market hard and get paid as much as they possibly can. The former are the ones who generally seem to get involved in cutting the throats of their 'brothers' in price-reduction wars (selling services to other IMers for painfully low amounts) whereas those of us who go out and set the bar high for bricks and mortar companies paying a premium for quality IM/marketing (the latter) are doing everyone here a favour. Think about it.

                      Besides, as I mentioned in the other thread - if the bulk of your earnings are performance-based (IE you take a cut of the profits that you directly create for your clients' businesses with your work) then there is no ethical issue at all because when you cash out, it's only because your client has already cashed out from your work and hands you a cut.
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                      • Profile picture of the author JayXtreme
                        Originally Posted by ExRat View Post

                        Hi,

                        There are also two other relevant points -

                        Unless I'm mistaken, the 'other' thread referred to, specifically related to a situation regarding an IMer selling to a bricks and mortar business, yet the original question states -

                        (Emphasis added.)

                        Perhaps it would have been more logical to phrase that as 'charging companies for your services.' After all, services provided to profitable companies are tax deductable.

                        As was mentioned in that other thread, if you're selling to a corporate entity it totally changes the ethical questions/angst regarding pricing. To take it to the extreme, you can't compare selling services (like say article writing or backlinking) in a WSO to individuals (typically) with selling SEO services to someone like GlaxoSmithKline.

                        They're too far apart.

                        If someone said 'you should charge as much as the customer is willing to pay', you might find that it complicates things by not being clear about the difference between the two above-mentioned scenarios.

                        Let's put it into perspective - if we are talking about rip offs, or (perceived) 'over-charging', or generally snake-oil salesman-like behaviour, then in my opinion there is nothing more distasteful and inadvisable than what we see here most of the time -

                        People who only a few months/years ago were typically fresh, naive and slightly desperate new IMers, coming here and asking for and receiving free advice, then a short while later once they have found their feet turning around and without conscience turning full circle and preying upon the very people who are identical to how they were only a short time ago - selling them the snake-oil that only a short while before they were whingeing and complaining about themselves - as desperate newbies.

                        There is a culture that exists in the 'IM' scene where (with a nod and a wink) it's acceptable to do this - even though the people doing it cannot possibly turn around and defend themselves by pretending that they aren't fully aware of just how desperate, naive and gullible these brand new newbies are - who are just discovering this 'magical' 'new' world of 'instant' internet money, acronyms, new techie words and amazing technology - because they have most definitely 'been there' themselves - the proof is in the archives of the forum.

                        So it's a bit rich to see many of the regulars here getting all angst-ridden about others who have learnt the trade, paid their dues, become skilled in an emerging technology and then going out into the big offline world (which is full of established, often cash rich, sometimes corporate entities) and getting the highest price possible for their services.

                        If you want to criticise someone for their ethics, isn't it more rational to target those who 'graduate' but then immediately turn around and target the most vulnerable new 'students' at the school that they have just graduated from, when in fact they are missing a trick by ignoring those way more wealtheir established entities who are happy and willing to pay a premium for services in an industry that simply baffles them?

                        Besides, as I mentioned in the other thread - if the bulk of your earnings are performance-based (IE you take a cut of the profits that you directly create with your work) then there is no ethical issue at all because when you cash out, it's only because your client has already cashed out from your work and hands you a cut.
                        This.

                        Read it twice people!!!

                        Have a great weekend, Roger!!..

                        Off-topic: Watchn the Holland Vs Brazil game later?

                        Peace

                        Jay
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                        • Profile picture of the author ExRat
                          Hi Jay,

                          I edited to add some additions and also the second last paragraph which I think is important (IE read it for the 3rd time!)

                          Plan - play tennis, then work while recording of Brazil match plays and second match plays live - but in the background. I like to work to the sound of 50000 mosquitoes.

                          Have a great weekend, Roger!!..
                          Igualmente mi amigo.
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                      • Profile picture of the author Ron Douglas
                        Originally Posted by ExRat View Post

                        Hi,

                        In my opinion, we should be wary of those who turn on their own without conscience, whereas we should applaud those who take what they have learned, hit the external market hard and get paid as much as they possibly can. The former are the ones who generally seem to get involved in cutting the throats of their 'brothers' in price-reduction wars (selling services to other IMers for painfully low amounts) whereas those of us who go out and set the bar high for bricks and mortar companies paying a premiun for quality IM/marketing (the latter) are doing everyone here a favour. Think about it.

                        Besides, as I mentioned in the other thread - if the bulk of your earnings are performance-based (IE you take a cut of the profits that you directly create for your clients' businesses with your work) then there is no ethical issue at all because when you cash out, it's only because your client has already cashed out from your work and hands you a cut.
                        'Nuff said. There it is right there.
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                      • Profile picture of the author Kelly Verge
                        Originally Posted by ExRat View Post

                        In my opinion, we should be wary of those who turn on their own without conscience, whereas we should applaud those who take what they have learned, hit the external market hard and get paid as much as they possibly can. The former are the ones who generally seem to get involved in cutting the throats of their 'brothers' in price-reduction wars (selling services to other IMers for painfully low amounts) whereas those of us who go out and set the bar high for bricks and mortar companies paying a premium for quality IM/marketing (the latter) are doing everyone here a favour. Think about it.


                        Thanks for piping in, Roger. You hit the nail squarely on the head.
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              • Profile picture of the author CDarklock
                Originally Posted by Dennis Gaskill View Post

                Wow, Ewen, you're a monk and a porn star. That's an eclectic combination!
                "Church of the Divine Money Shot"

                Originally Posted by Anonymous Affiliate View Post

                There's no such a thing as "screw them for as much as they'll pay" as you put it because they need to click on the "I agree" button before their credit card is billed. So, if they do agree... where does the "screwing" come into the equation at all?
                It's entirely possible to use social and cultural pressure in a way that psychologically forces someone to do something they'd rather not.

                Copywriters do this all the time with pre-qualification language that says "this product is not for everybody" and then goes on to mention things like people who ask for refunds, and people who aren't willing to invest in their business, and people who don't honour their word.

                If you're an unethical jackhole, when those people call up and say "your product is not worth what I paid, and I want a refund" you say "Whoa, I thought you weren't the sort of person that wants refunds? Aren't you willing to invest in your business? Didn't you give your word that you were someone who didn't ask for refunds, and was willing to invest in your business, and wanted this product at this price?"

                And because you've socially coerced them into agreeing that they're not this person, they often feel that there's no choice but to say "okay" and hang up the phone and live with their decision. Which, if you have a continuity program, can make you a lot of money on the backs of those people.

                If you want to see this in action, go buy a gym membership. Or just watch the Friends episode about Ross trying to cancel his.

                Originally Posted by ExRat View Post

                As was mentioned in that other thread, if you're selling to a corporate entity it totally changes the ethical questions/angst regarding pricing. To take it to the extreme, you can't compare selling services (like say article writing or backlinking) in a WSO to individuals (typically) with selling SEO services to someone like GlaxoSmithKline.
                This is actually a perfect example of social coercion.

                The individuals running their own business from home and hiring outsourcers from the WSO forum would like to believe that they are no different than GlaxoSmithKline. That they are every bit as professional and every bit as deserving of respect. They are, after all, business owners - not just people.

                And on some level, that's true. But the question is whether we equate these two things in the sense that GlaxoSmithKline are just people or that Warriors are not just people. Andy seems to like the former; I tend to prefer the latter.

                The trouble is that both positions can be readily employed to coerce individuals into actions they wouldn't normally take - on the grounds that companies like GlaxoSmithKline do this, and you are no different, and therefore you must do it too. Otherwise you are just some guy playing business on the internet, the same way little boys play war and little girls play house. But when you are a man, you put away childish things. And that's in the bible, so you can't argue with it.

                The devil may quote scripture to his needs.

                We all have to recognise that the comparison only extends so far. We may be business owners, and we may even have significant assets, but it's important to notice where and how we are not GlaxoSmithKline. Those differences are critical in how we manage our businesses.
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                • Profile picture of the author ewenmack
                  Originally Posted by CDarklock View Post

                  "Church of the Divine Money Shot"
                  Geez you crack me up...ooops, I'm already seeing you come back with a one liner with that now!
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                  • Profile picture of the author CDarklock
                    Originally Posted by ewenmack View Post

                    I'm already seeing you come back
                    Oh, I see you're a member, too.
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                    "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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                    • Profile picture of the author AllAboutAction
                      Originally Posted by CDarklock View Post

                      Oh, I see you're a member, too.
                      So I can't talk about Carter, but you can talk about (tricky) Dick?
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                      • Profile picture of the author ewenmack
                        Originally Posted by AllAboutAction View Post

                        So I can't talk about Carter, but you can talk about (tricky) Dick?
                        "Oh, I see you're a member, too."


                        Gentleman, order, order please!

                        Back on topic of pricing, may we please?

                        Ewen
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  • Profile picture of the author George Wright
    Hi All,

    20 years or more ago, I was a carpet cleaner. I considered $100 a day fair pay for a days work. I decided to take my skills to the "nicer" neighborhoods and I thought I'd kill the competition by charging my lower prices. The guys in the "good" areas charged $600 for what I gladly did for $100-$150.

    You've probably guessed by now, I got no work.

    I got no work until I ...
    A. Went to carpet cleaning school and Improved my skills?
    B. Bought state of the art equipment?
    C. Charged more.

    The answer is C. When I charged more, MUCH more, I got more work.

    One major corporation turned down my $500 bid and hired another company. I honestly don't know how much the other company charged. I went back a few months later to that same corporation and bid $1,000 for a job that took me 8 hours. Yes I got the job this time and for the first time in my life made $1,000 for a days work.

    Go figure.

    Now back to Internet marketing. I just lost one of my first customers. Is the new site better than the one I gave him? A little but not much. Is the SEO better. No. So whats the diff? The major difference is the new guy charges $5000 a year and I charged $400. Oh and my old customer called me and asked If I'd do SEO for him on his new site. LOL. I'm not any-one's SEO go to guy. However my site ranked higher than the new $5k model.

    I'm not sure what my post here means in relation to Andy's loaded questions but I'm sure leaning toward.... Hmmmm.

    George Wright
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    "The first chapter sells the book; the last chapter sells the next book." Mickey Spillane
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  • Profile picture of the author madison_avenue
    How much would McDonald's pay someone to do their SEO for them? How much do McDonald's pay someone to flip burgers? If you did the SEO would you charge them the same rate as they pay someone for flipping burgers, or would you charge more? If more, why and by how much?
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  • Originally Posted by Andyhenry View Post

    Some people say - screw em for as much as they'll pay regardless of what the cost to you is and fit the price to the client to maximise your revenue.
    This is a free trade economy in which BOTH the seller AND buyer need to be in agreement for a transaction to go through. The seller can put up any price tag he wishes, but unless there's a buyer at the other end of the spectrum no transaction will take place.

    Therefore, if a product/service is indeed sold, it means that BOTH buyer and seller agree that the price is acceptable. As long as you deliver the product you promised, and as long as both buyer and seller agree on the price, no one is taking advantage on anyone.

    There's no such a thing as "screw them for as much as they'll pay" as you put it because they need to click on the "I agree" button before their credit card is billed. So, if they do agree... where does the "screwing" come into the equation at all?
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    • Profile picture of the author Andyhenry
      Originally Posted by Anonymous Affiliate View Post

      There's no such a thing as "screw them for as much as they'll pay" as you put it because they need to click on the "I agree" button before their credit card is billed. So, if they do agree... where does the "screwing" come into the equation at all?
      You must've missed the post where I explained that I went overboard on those initials phrases to give people something to reference their opinion against.

      I must be doing something wrong if people take such extreme statements and think they're my view.

      Sometimes I start these threads just to give people a platform to vent their own opinions. This is one - other people seemed to want to talk about it in other threads, so I started this one - the headline was just to make it clear what the thread was about rather than to be taken as a literal statement about my personal perspective - I just exaggerated 2 of the angles people had approached it from.

      They're not literal terms that represent my particular perspective. This thread was created because people seemed to want to talk about it and were doing it in other threads, so I started it so there was a thread about value, pricing and relative comparisons.

      I personally don't actually care what other people charge or how they justify it.

      But I think there are enough different approaches that some people will find the responses interesting/useful.

      Roger's sentiment are pretty close to my own on this issue and I think as long as your client is happy with what they're getting and you're happy with what they're paying, the situation is probably good.

      As I said in another thread when someone asked what to charge - I think if you relate your fees to the impact you have for your client you're probably likely to get the best situation because you're invested in their results and the more money you make for them - the more money they give you.

      I've worked with start-ups that are like this and people usually tend to get better results when they know it directly affects what they'll make that month.
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      nothing to see here.

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  • Profile picture of the author enterpryzman
    Some here are obviously quite understanding of what it cost to provide a service they offer and others are not.

    I suggest if you are serious about staying in business, you all better learn. Everything you do for someone via your business has a cost to you in some way, not very hard to figure out.

    As for what others are charging for similar things, that is very important to know, industry awareness is vital.

    Perhaps the simplicity of entrance into this business is just bad for business overall. It may be that very technical or artistic individuals are not also well suited for dealing with business in a professional way because it does not capture in their mind what is needed to do so.

    I only know that the answers and suggestions flying on this thread and others like it, remind me that the diversity here is HUGE with regards to ability and understanding as well as the age of those posting, some are quite young and just don't get it.

    Best wishes all,
    Enterpryzman
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  • Profile picture of the author larry118
    Banned
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    • Profile picture of the author CDarklock
      Originally Posted by larry118 View Post

      Milk them dry my friend ...
      Dude, this conversation is getting MUCH too dirty.
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      "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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  • Profile picture of the author RichardDean
    CDarklock

    ---------------------------------------
    Said
    I have a pretty basic rule of thumb on products and services: whatever you charge, your customer should be able to recoup (using your deliverables) in two months.

    what I did with Zombie Blogging
    When I examined the market, and considered the target customer, $27 was a little steep. So I reduced the price to $7...
    ------------------------------------

    OK I finally stopped laughing... I started to post then read that again and started again... So this time I'm trying to hold back from laughing.

    What your saying is at 27 I can't recoup what your selling in 2 months.... but at 7 dollars I should be able to recoup my 7 bucks back?

    You can sell fake dog turds on ebay and make more than 7 bucks in 2 months...

    Well if that is the best you can OP for is to make your investment of 7 bucks back in two months, you might need to look into taking some real marking classes or some good books and not a ebook either. Looks like you read one too many of ebooks.

    You still have me laughing what some people say...

    Richard Dean
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    5 Minute Mobile Sites... My Next WSO Comming Soon.

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    • Profile picture of the author CDarklock
      Originally Posted by RichardDean View Post

      What your saying is at 27 I can't recoup what your selling in 2 months.... but at 7 dollars I should be able to recoup my 7 bucks back?
      No, Richard, I'm saying that in my opinion the target customer would probably not pay $27 for the product. The product still works just as well, but at the end of the day, a great product nobody buys makes you a big fat nothing.

      EDIT: and just to clarify, here's the part of my post that you just don't seem to have bothered reading or understanding.

      Originally Posted by CDarklock View Post

      Now, if I would be happy with a lower price, I might reduce the cost if a client can't or won't pay this.

      This (= reducing the cost) is precisely what I did with Zombie Blogging.
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      "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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  • Profile picture of the author CharlesDenney
    You should charge your clients a price that's low enough that they don't resent you and high enough that you don't resent them.
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    • Profile picture of the author CDarklock
      Originally Posted by CharlesDenney View Post

      You should charge your clients a price that's low enough that they don't resent you and high enough that you don't resent them.
      Nicely put. I like that.
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      "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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  • Profile picture of the author RichardDean
    CDarklock

    Said:
    EDIT: and just to clarify, here's the part of my post that you just don't seem to have bothered reading or understanding.

    So the problem you have is you don't know how to market yourself for the higher price.

    This is a common problem that has hurt IM'ers... People that can't market proper, lower the price... this thinking has hurt.

    Take pizza for example, Little Skaesars 5.00 Pepperoni

    How do I sell the same size and kind of pizza for 10.00... learn to Market

    We like to think that parents who care, won't settle for just the lowest price, but would rather know that fresh ingredients & homemade recipes are what their eating.

    They'll consider the value of fresh ingredients, the benefits of great taste, and the pleasure in giving their kids something satisfying and healthy.

    We also know that kids may not care about such things as freshness and quality - but of course, that's what mom's and dad's are for.

    Parents you can feel good about serving your family the freshest pizza with High quality ingredients.

    Kids'll love the taste, you'll love the quality and everyone's happy.

    If little Skaesars would had learned how to market they would have not had to lower the price.

    Lowering the price is not marketing, anyone can lower the price... stand your ground and market yourself.

    Richard Dean
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    5 Minute Mobile Sites... My Next WSO Comming Soon.

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    • Profile picture of the author CDarklock
      Originally Posted by RichardDean View Post

      So the problem you have is you don't know how to market yourself for the higher price.
      Oh noes! It is my shameful secret. :rolleyes:
      Signature
      "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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