Many people are undercharging for their services and products... and it's holding them back in their life and in their business.
Let's explore if that's the case for you and if so, why and how you should stop doing it.
Charging an appropriate amount for your work might be one of the best things you can do to create more abundance in your life!
How to tell if you are undercharging:
Here are 9 warning signs that you are charging too little:
If you said "yes" to two or more points above, it might be time to raise your prices.
(And even if you didn't say "yes" to two or more points above, you might want to adjust your prices for inflation.)
Why you should stop undercharging
Alright, let's assume you have concluded that you are undercharging. Here are just some reasons why you should stop doing that (feel free to add your own reasons to the list):
Advantages of charging appropriate prices
With that said, let's explore....
How to increase your prices
While there are many different ways to increase your prices (increase them only for new or also for existing clients, having a huge increase vs. a small one for inflation, etc.), we can differentiate between two basic approaches:
The minimum approach
The full approach
Often, people feel bad about charging an appropriate amount for their services. In some ways, this is similar to how many people feel about marketing.
However, your prices should be a win-win for both you and the customer. If you find yourself doing too much for too little pay, that's not a mutually beneficially relationship.
Also, there is nothing inherently ethical or spiritual about undercharging for your services. In fact, charging higher fees allows you to be more generous with people in need.
So, do yourself a favor and stop undercharging!
If you need more help with marketing and monetizing your products and services, I recommend this very affordable masterclass.
Marketing and Monetization 101 Masterclass
Want more support?
Sign up to receive my weekly emails that will help you live a life of productivity, passion and purpose, starting with a free, 5-minute meditation that will help you focus and get things done.
I respect your privacy.