Just a little offline musing--need help with pricing

2 replies
I got a call today from an offline client who saw a video I produced over a year ago...they are a start up company needing a marketing strategy produced for their business plan so they can raise capitol. Looking at a five year projection...

(just thought I might throw this out there...creating streams of income is good)

Anyway...I like this work because I can charge a whole lot more for these reports than other reports I create...(hate selling things for $7)

I am thinking of giving an option approach to billing...like a gold, silver, bronze deal...since this is just the report at this stage, I dont want to charge by the hour...

My initial thought was to charge $500 for the report...but then I was challenged by a friend to charge more...so I am here getting some feedback on my thinking...

Perhaps I could charge $1000 Gold--$750 Silver--$500 Bronze price range. I wont call it gold etc...just using the phrase to keep it simple...It might take me 4-7 hours to create...this is beyond just internet marketing...this is a full blown marketing strategy...

I will be creating a five year plan, and I was asked for consulting fees which I will charge my hourly rate...plus I might get the internet marketing piece...but I already know how to bid that out...

Just need feedback on the report cost...tks
#musingneed #offline #pricing
  • Profile picture of the author Murdock Lois
    Anything between $1500 and $2000 should be reasonable.

    The worst thing that can happen is they negotiate down.
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  • Profile picture of the author Jason Kanigan
    Don't base your price on the labor taken to create it.

    Use the amount you believe--or better, the amount they believe--they'll earn from applying its contents.

    Most people would spent $1 to make $10 (I would) all day long.

    So how much do you think they'll make in revenue from doing something about the contents of your report? And what is 5% or 10% of that? There's your price.

    If you can get your prospect to tell you, or have testimonial case studies demonstrating, the projected revenue figure, then they created the number--not you. So you don't have to defend it.

    Price by your own labor and you'll leave tons of $$$ on the table.

    Final thought: the more someone pays for a thing, the more they value it; and the higher the likelihood they'll put it into action.

    If I see a $7 report, I'm probably going to skip it. After all, the masses can afford it so just about everyone must know what it has to say. The contents must not be much of a secret at all. But if I see something going for $87, or $387, well now. Here must be something not everybody knows. You're selling outside of WF, right? There in the real world, people have money.
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