Ep #265: When to Lower Your Prices

Make Money as a Life Coach®

Stacey Boehman

Entrepreneurship, Buildingatribe, Branding, Sales, Networkmarketing, Self-improvement, Business, Lifecoaching, Influence, Marketing, Education, Impact

4.6 • 831 Ratings

🗓️ 24 January 2024

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As business owners, we experience a variety of thoughts that keep us from feeling like lowering our price is a smart, strategic business decision. If you’re considering lowering your price but can’t see this as an exciting move, listen in.

Join me on this episode to hear four times it’s appropriate to lower your prices, and how to let go of the limiting thoughts that are keeping you from embracing a bigger future for you and your clients. Learn what you must consider if your offer isn’t selling, how to create a price that’s easy for you to have belief in, and my own journey of lowering the price of one of my offers.

If you want to start making serious money as a coach, you need to check out 2K for 2K. Click here to join: https://staceyboehman.com/2kfor2k!

Transcript

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0:00.0	Welcome to the Make Money as a Life Coach podcast.
0:08.7	We're sales expert and master coach Stacy Bayman teaches you how to make your first 2K,
0:14.0	20K and 200K using her proven formula.
0:19.3	Hey coaches, welcome to episode 265. As promised, today we're going to talk about when
0:26.8	to lower your prices. I have a little bit of a head cold. So my voice sounds a little crazy. I've
0:34.2	been battling that for a minute now, quite some time. But I'm excited to talk to you today,
0:39.6	and then I'm actually headed down this afternoon for advanced selling live. And I'm going to meet
0:45.8	my 200K mastermind, my $2 million group in person over three days of 200K, for total with
0:51.3	$2 million group. And I have created so much content and so many things to teach
0:56.5	them. And I know that content inherently itself is not valuable. If you have not been to one of
1:02.2	my events, you don't know what good content is. I'm telling you. I have killed it. I am so,
1:10.7	so, so excited. So I'm going to take some cold medicine. I'm going to get a
1:14.8	pep in my step and I'm going to go down and do the best live event I have ever done. And I was
1:19.3	to say rock their socks off. It's knock their socks off, right? If y'all are my friends,
1:24.7	listen, you know I do this a lot. My friend Lindsay Dotsoff loves to point it out every time I mix the same stuff. It's endearing, really. It's who I am. Are you guys ready? Let's dive in to when should you lower your price? It's an interesting question.
1:45.5	I don't think anyone in the industry is talking about this.
1:48.1	But one of the things that I think is so unique about my approach and what I teach, there's a couple of things actually.
1:56.1	But I think that truly what I offer is where it's like the intersection of entrepreneurship and life
2:05.4	coaching. And so I'm always looking at it with that entrepreneurship lens as well. It's like
2:10.7	what is healthy and good for the business because I want you to have a business. I don't
2:15.7	want you to be a part-time coach unless you want to be.
2:18.3	I don't want you to dabble. I was Googling the other day. I think this is also just incorrect, possibly,
	...

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