#1694 - Q&A: Is there a limit to how high I can price my service?
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 21 August 2021
⏱️ ? minutes
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Summary
Today’s caller believes in the idea of raising prices, but is worried about losing customers if he raises them too much. How high is too high?
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | This show is sponsored by BetterHelp. This holiday season do something for a special person in your life. |
| 0:05.3 | You, give yourself a gift to raise your spirits and not just for the day. |
| 0:10.0 | BetterHelp connects you with a licensed therapist 100% online via video, phone, and live chat sessions. |
| 0:16.4 | And the holiday season is the perfect time to try it and see if therapy is for you. |
| 0:20.8 | After all, the holidays are a notoriously tough time between managing family dynamics, |
| 0:25.8 | racing from thing to thing, and braving the cold and dark weather, it's normal to feel down. |
| 0:30.8 | Having someone to talk to about how you're feeling and what you can do about it is truly a gift. |
| 0:35.7 | When you're armed with more information about what you're experiencing, |
| 0:38.8 | struggles can feel a little easier to manage. BetterHelp is much more affordable than in-person |
| 0:43.4 | therapy, and you can do it from the comfort of your home on a schedule that works for you. |
| 0:47.7 | So this holiday season give yourself a gift of better mental health, a gift that really does |
| 0:52.5 | keep on giving. Visit betterhelp.com to see if therapy is for you. That's betterHELP.com. |
| 1:04.9 | I often encourage small business owners who are feeling overwhelmed. |
| 1:08.8 | They have too many inquiries coming in. They feel like they can't keep up with all the business, |
| 1:12.4 | especially when they're also working a day job and doing a bunch of other stuff. |
| 1:15.9 | I often encourage them to consider a simple action that might help, which is to raise your |
| 1:21.9 | prices. Also, as a side benefit, when you raise your prices, you're going to make more money. |
| 1:26.3 | Crazy how that works. I actually got an email from my therapist recently. She was explaining that |
| 1:32.0 | she was raising her rates. In that email, she explained that she'd actually raised her rates |
| 1:36.7 | like a year ago for new clients, and she was now getting around to making her rates consistent |
| 1:41.2 | for everybody. I was like, hey, good for you. That's how it works. You should do that. |
| 1:46.1 | So last week, I was also watching a video from Chase Jarvis, a good friend of mine. He's the |
... |
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