Hey there! Today is Free Ride Friday so make sure you hang on to the end of the episode to hear who won this week's free ride.

Every Friday we give away a lifetime membership to one of our programs this month we're giving away Easycourse our five hundred dollar course over at easy

course a dot co showing you how to create and launch your own online course in 30

days all you got to do is leave us on iTunes rating and review to enter our weekly random draw to win the course

And you automatically enroll in the draw once you left us a review for every week until you win.

It's our way to say thank you for leaving us love on iTunes.

All right let's jump into today's episode! Heyo! Welcome to the $100 MBA Show! The business world doesn't stop so neither do you.

That's why we deliver daily 10 minute business lessons for the real world.

I'm your host, your coach, your teacher, Omar's at home.

I'm also the co-founder of the $100 MBA, a complete business training and community online.

And in today's lesson you will learn how to set your rates as a service-based business.

Whether you're a marketing consultant, a photographer, a freelance developer, if you're delivering

a service exchanging time for money in your business, you need to set some rates.

And if you're just getting started, that might be a little hard.

You're like, how do I set my rates? How do I know what's too low? What's too high?

What's the formula for all this? Well, in today's lesson, I'm going to give it to you.

I'm going to give you three options, three methods for you to set your rates.

And how often you should revisit your rates so you can make sure you're pricing yourself fairly.

Time is money with a service-based business.

Let's make sure you're making money.

Let's get into it.

Let's get down to business. Support for today's show comes from Microsoft Surface. Looking to be more productive on the go, I sure am.

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