6 Figure Creative

#329: The 5 Major Pricing Mistakes That Keep You Broke

Sep 24, 2024

Struggling to make ends meet? You might be falling into common pricing traps. Learn how to align your skills with the right clients and avoid getting stuck in hourly rates. Discover the benefits of offering repeatable services and how to separate your pricing from your time. Get insights on using 'up to' language to protect yourself financially. Plus, find out when and how to raise your rates for a more sustainable freelance career. A smart pricing strategy could transform your business and boost your savings!

33:23

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Quick takeaways

Effective pricing strategies, such as transitioning to productized services, can dramatically enhance a freelancer's earning potential and work satisfaction.

Setting boundaries with clients using 'up to' language helps freelancers manage expectations and protect their profitability while adopting flat rate pricing.

Deep dives

The Critical Importance of Pricing Strategy

Pricing strategy significantly impacts the success of a freelance business. If not executed correctly, freelancers can find themselves overworked yet underpaid, leading to frustration and resentment towards their clients or work. Even with all other aspects of a business well-structured, poor pricing can negate those efforts, leaving freelancers busy but broke. Therefore, mastering pricing is essential for both enjoyable work experiences and maintaining positive client relationships.

Transforming Freelance Pricing: Beyond Hourly Rates

10min

Avoiding Pricing Pitfalls for a Sustainable Business

22min

NOTE: Sorry about the audio quality here. The mic cable had a short in it 😭

If you're working non-stop but still struggling to make ends meet, you're probably making one of these five major pricing mistakes. I just dropped an episode that breaks down 5 pricing traps freelancers fall into—and how to fix them before they burn you out.

Here's the hard truth: you could be the great at what you do, great at keeping yourself booked solid, BUT still broke because of any ONE of these mistakes.

Fix your pricing, and you'll be amazed how much more enjoyable your life gets (and your savings account will thank you).

In this episode you’ll discover:

How to match clients to your skillset
Getting stuck with hourly rates and bespoke services
Delivering the same service to clients on a repeatable basis
Separating your pricing from your time
Using "up to" language to protect yourself
How and when to raise your rates

For full show notes, visit https://6figurecreative.com/329

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6 Figure Creative

#329: The 5 Major Pricing Mistakes That Keep You Broke

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Critical Importance of Pricing Strategy

Avoiding the Trap of Hourly Pricing

Setting Client Boundaries with Flat Rate Pricing

Avoiding Pricing Based on Fear of Rejection

Remember Everything You Learn from Podcasts