How Much To Charge Monthly?
After six months of cold calling and making some great sales, I am looking into adding a monthly option for my clients that don't have as big of a advertising budget.
My clients are local businesses mainly hotels, restaurants, attractions etc.
So for example if I had Product A which included XYZ and I charged $100 per year for this as a one time fee...
If I wanted to charge monthly for the same product and it also included XYZ what should I charge monthly for it?
Obviously I understand them having 12 times to cancel when the product automatically gets charged every month.
But should I charge $10/mo? So the total would come to $120 for the whole year? Or should I charge $8.33 which comes to $100?
I want them to see the better value is purchasing the product for $100 and not the monthly.
The only reason why I am thinking of adding the monthly option is because my packages are more than $100 and to some businesses paying a one time fee of $500 is a lot of money at once.
Thoughts? Advice? Greatly appreciated!
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Sid Hale
Coming Soon... Rapid Action Profits (Pro)