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The $100 MBA Show

MBA65 Guest Teacher: Brennan Dunn – How To Price Your Services

Nov 3, 2014
Brennan Dunn, an expert in pricing services who earns over $20,000 per client, shares his invaluable insights on how to effectively price your offerings. He emphasizes the importance of aligning your prices with the value provided rather than just labor costs. Brennan reveals a four-step process for determining pricing based on client motivations and needs. Additionally, he discusses strategic pricing methods, including creating package options and positioning services as investments, ultimately enhancing client relationships.
14:06

Episode guests

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Quick takeaways

  • Understanding the true value you provide allows for pricing based on client outcomes rather than just hourly rates.
  • Presenting tailored offers with multiple packages helps clients perceive your services as valuable investments instead of mere expenses.

Deep dives

Understanding Client Value

To effectively price services like consulting, it is essential to understand the true value you bring to clients. Rather than relying on common industry rates or calculators, this method emphasizes a deeper understanding through Socratic questioning. By engaging clients about the underlying motivations for their projects, you can identify the core problems they face and the cost implications of these issues. This approach reveals that clients do not just seek a service; they desire an improved future, making it crucial to focus on the outcomes rather than the service itself.

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