This is the first blog of my 6-week pricing series specifically for creative businesses! Be sure to join my email list to get each week’s pricing blog delivered straight to your inbox!
Let’s talk about a topic that makes many of us squirm: pricing.
You know that feeling in the pit of your stomach when you send a quote? The one that makes you want to add “but we can negotiate” at the end of every proposal?
Yeah, that’s the feeling we’re tackling today.
As a business coach who exclusively works with creative entrepreneurs and businesses, I’ve seen it all.
Sound like your current situation?
Trouble is, if you’re not confident and strategic in your pricing, you’re probably leaving money on the table.
And it’s not just about the money. It’s about the stress of constantly hustling for new clients. It’s about the frustration of working yourself to the bone and still struggling to make ends meet. It’s about the resentment that creeps in when you realize you’re pouring your heart and soul into projects that barely cover your costs.
But here’s the good news:
Ready to find out if you’re selling yourself short? Here are 4 signs you’re underpricing your services:
Constantly overbooked? It might be time to raise your rates.
I know that the idea of being “booked out” is often glamorized in our industry, but the truth is, being constantly overbooked isn’t a badge of honor. It’s a red flag waving frantically in your face, screaming, “Raise Your Rates!”
Why? Because:
Quality clients value quality work. They’re willing to pay premium prices for premium results. By raising your rates, you’re not just making more money – you’re attracting clients who truly appreciate your expertise.
So, if your calendar is bursting at the seams, it’s time to give your prices a well-deserved boost.
You started your creative business to do the work you love. That means, it SHOULD spark joy! But, if new project inquiries make you want to crawl under your desk instead of doing a happy dance, it’s time for a change.
But hey, don’t panic! This doesn’t mean you need to burn your business to the ground and start over.
The reality is, if you’re not excited about new work, your prices might be too low.
It’s more like your business is telling you it’s ready for an upgrade. Think of it as your creativity asking for a raise.
Here’s the truth:
Here’s the good news. Higher rates can make all the difference for you and your business!
This is why:
Remember: When you’re excited about your work, it shows. And that enthusiasm? It’s contagious. Clients feel it, and they’re willing to pay for it.
So, if the thought of new projects makes you want to hide, something’s unaligned and the solution might be to raise those rates!
Picture your ideal financial scenario: comfortable savings, room for business investments, maybe a dream vacation fund. Now, look at your current bank balance.
Feeling a disconnect? That’s your pricing talking.
Let’s cut to the chase: If you’re constantly stressed about making ends meet, your rates aren’t doing their job.
Consider this:
Here’s the mindset shift you need:
At the end of the day, your prices should support both your lifestyle AND your business growth. If you’re struggling financially, it’s time to reassess your pricing.
You deserve a business that not only covers expenses but propels you towards your dreams.
Let’s talk about the clients currently filling up your roster. Are they constantly haggling over every dollar? Do they expect the moon but only want to pay for a pebble? If so, it’s time for a pricing intervention.
By raising your prices, you’re not just increasing your income. You’re curating a client list that appreciates your worth. And trust me, that’s priceless.
Remember, pricing isn’t just about numbers – it’s about valuing your skills and time. It’s about attracting the right clients who respect your expertise and are willing to invest in quality work.
Now, let’s get real for a second:
You didn’t pour your heart and soul into honing your craft just to be treated like a bargain-bin find. You’re a premium, can’t-find-anywhere-else, worth-every-penny creative powerhouse. It’s time your prices reflected that.
Imagine a world where your clients are as excited about your work as you are. Where they see your invoice and think, “Heck yes, this is going to be amazing!” not “How can I haggle this down?”
That world exists. And the ticket to get there? It’s your pricing strategy.
You deserve clients who light you up, who challenge you to grow, who see your true value. And guess what? Those clients are out there, ready to invest in what you offer.
But they won’t find you if your prices are screaming “bargain basement” instead of “premium expertise.”
If you’re ready to attract the clients you deserve and finally feel valued for your incredible talents, it’s time to level up your pricing game. And I’m here to help you do just that.
Ready to take your pricing (and your business) to the next level? Let’s make it happen.
Perfect for self-starters who want a comprehensive toolkit and step-by-step guidance.
In this laser-focused digital program, you’ll:
Dive in at your own pace and build a solid pricing foundation you can return to again and again.
Ideal for creatives looking for collaborative, tailored solutions to immediate pricing challenges.
In our one-on-one session, we’ll:
Get the personalized guidance you need to jumpstart your pricing transformation.
Whether you’re a self-guided learner or prefer personalized coaching, your future as a thriving, well-paid creative is waiting. It’s time to price your services effectively and build the business of your dreams.
Don’t let underpricing hold you back another day.
Choose your path and take the first step towards profitable pricing now!
Psst… Want more pricing secrets?
This is just the tip of the iceberg, friend. I’ve got 5 more juicy pricing blogs coming your way.
Wanna be first in line when they drop?
Slip into my inbox, and I’ll slip these profit-boosting gems into yours.
^ That button up there? It’s your ticket to pricing mastery. Click it.