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The BizChix Podcast:  Female Entrepreneurs | Women Small Business | Biz Chix

617: The Mindset of Raising Prices

The BizChix Podcast: Female Entrepreneurs | Women Small Business | Biz Chix

Natalie Eckdahl

Entrepreneurship, Business, Management

4.8630 Ratings

🗓️ 29 February 2024

⏱️ 20 minutes

🧾️ Download transcript

Summary

💵💶💷 Are you struggling to change your pricing strategy? Are you feeling undervalued? You may be underpricing your services. But how do you raise them with current clients?

I’m joined by Elizabeth Cook who coaches alongside me in our $ix Figures Lab group coaching program, and she poses questions from our clients.

We dive into all the 🧠 mindset issues that may get in the way of raising prices in your business and how you can deal with them.

Don't miss out on this opportunity to take your pricing strategy to the next level. 

Ready to work together? There are 3 options:

1:1 Coaching (🌟new) - open to any level and type of business

Six Figures Lab Group Coaching - open to consultants, marketers and financial professionals averaging $3K to $10K/month in sales (next enrollments in April, July and October)

​CEOCHIX Mastermind Program - open to consultants, marketers and financial professionals averaging $10K to $70K/month in sales

⭐️ Connect with me on LinkedIn

Transcript

Click on a timestamp to play from that location

0:00.0

Elizabeth, we're talking about pricing today.

0:12.3

Yes.

0:13.0

This question comes up a lot in our coaching conversations.

0:16.6

And it's hard.

0:17.7

Pricing is hard because people want there to be a magic formula and they think there is.

0:23.0

They think that everybody else has a magic formula. But when you're pricing services especially,

0:27.8

there is not an exact formula. You want to make sure that overall you're covering your costs.

0:33.8

But let's get started. Let's let's have this conversation about pricing. I think it's going to be so

0:37.4

helpful today to so many people. Yes. And I think one of the things that we see is it also,

0:43.0

any mindset issues you're already dealing with are going to show up when it comes to pricing.

0:48.4

So today I've pulled some of the questions. These are exact questions that came up in coaching

0:53.2

calls around pricing, and they are

0:55.6

ones particularly where mindset is probably creeping in to their pricing challenges. Each month,

1:02.1

just to share a little bit about what we're doing in Six Figures Lab each month, we have a call

1:06.4

that we call a laser coaching call with you, and everyone submits their questions ahead of time.

1:12.3

And then when we get on that call, it's a 90-minute call and just rapid fire.

1:17.5

Sometimes you bring people on to ask some follow-up questions.

1:20.9

So I've pulled some.

1:22.5

We'll go through it just as if we were on that call.

1:25.2

How does that sound?

1:25.8

You're so good at keeping people anonymous that I

1:28.1

usually don't know who you're talking about. So it's fun. But yeah, let's do that because I think it

...

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