The Futur with Chris Do 216 - Business Q&A — with Chris D
99 snips
Nov 23, 2022 Listeners discover effective strategies for raising service rates without losing clients and learn the art of transitioning problematic client relationships. Insightful discussions address the challenges of underpricing creative work and highlight the significance of communicating value. The importance of understanding client needs and conducting thorough assessments for pricing strategies are emphasized. Additionally, overcoming the starving artist mentality and prioritizing client success metrics are key takeaways that resonate with creative professionals.
AI Snips
Chapters
Books
Transcript
Episode notes
Cycling Out Bad Clients
- Build your business one client at a time, cycling out bad clients for better ones.
- Identify bad clients by their low pay, high demands, lack of respect, and disregard for your expertise.
Resigning Clients
- Fire bad clients by raising your rates or presenting them with terms they likely won't accept.
- You might be surprised at how many clients accept higher rates, revealing your undervalued services.
Chris Do's Coaching Pricing
- Chris Do initially priced his coaching at $500/hour, then incrementally raised it to $1,500/hour as demand increased.
- His story illustrates how raising prices can reveal the true ceiling of your value and often leads to pleasant surprises.
