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Pricing Your Services

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8:16 am
February 13, 2012


Andi B.

PDX

Member

posts 272

I am thinking about offering services for hire, commenting, editing, carnival submissions, roundups, article writing, email, social media, virtual assistant, and similar, but am afraid of over or under valuing my services/time.

For those that do this, how did you decide how to price your services?

Feel free not to tell me at all, or email me directly instead of posting sensitive information. I'm not an ass who's jumping to undercut anyone who's doing this. I'm more looking for an average price so I can determine which opportunities I should pursue.

 

Thank you!

Andi B.

Make the life you want.

Enjoy good food.

Enjoy good friends.

8:30 am
February 13, 2012


Edward Antrobus

Fort Collins, CO

Member

posts 1008

When I started my ebook file conversion service, I priced myself on what seemed fair and affordable. After I had posted my prices and started getting customers, I looked at my competition and discovered that my prices are a quarter of my cheapest competitor, and then prices rise to over 10x what I charge.

On the one hand, I worry that my price being so much lower than others makes me look amateur and "cheap" (as opposed to budget concious).

On the other hand, I can't really justify raising my prices above what I originally considered fair, just because others charge more than I do.

 I'm looking for editors, beta-readers, and some demographic research for my upcoming novel, Once Upon a Saturn Moon. If you like reading soft sci-fi thrillers, maybe with a touch of romance thrown in, you can find more information at http://seampublishing.com/once…..aturn-moon

If You Can Read, You Can Cookhttp://www.ifyoucanread.com | Think you can't cook? If you can read this sentence, then you can.

SEAM Publishinghttp://www.seampublishing.com | eBook formatting and publishing service

8:34 am
February 13, 2012


Andi B.

PDX

Member

posts 272

Edward Antrobus said:

When I started my ebook file conversion service, I priced myself on what seemed fair and affordable. After I had posted my prices and started getting customers, I looked at my competition and discovered that my prices are a quarter of my cheapest competitor, and then prices rise to over 10x what I charge.

On the one hand, I worry that my price being so much lower than others makes me look amateur and "cheap" (as opposed to budget concious).

On the other hand, I can't really justify raising my prices above what I originally considered fair, just because others charge more than I do.

In some respects that's exactly what I'm worried about. Also, it's not like there's a listing somewhere of what people charge for their services, so it's hard to figure out what's considered fair and affordable for most services.

Andi B.

Make the life you want.

Enjoy good food.

Enjoy good friends.

8:45 am
February 13, 2012


Modest Money

Member

posts 256

I think you'll just have to search out competitors that offer similar services and e-mail them for pricing if necessary.  People may be a little more hesitant to list their specific pricing here.  It is a good idea to do the pricing research before you start so that you can lock in those prices long term.

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8:54 am
February 13, 2012


Andi B.

PDX

Member

posts 272

Modest Money said:

I think you'll just have to search out competitors that offer similar services and e-mail them for pricing if necessary.  People may be a little more hesitant to list their specific pricing here.  It is a good idea to do the pricing research before you start so that you can lock in those prices long term.

Yeah, just to be clear I don't think anyone should say, "Hey, I charge x amount" in these forums, but anyone who feels comfortable emailing me with some background I would much appreciate.

Andi B.

Make the life you want.

Enjoy good food.

Enjoy good friends.

9:01 am
February 13, 2012


This That And The MBA

Member

posts 240

You can always explore your competitors as if you are going to engage them and they would likely provide the needed feedback.  This is done all the time in business.  If i am a genuine client interested in doing business with them they are going to provide me their price structure, so it is readily available.

 

Check me out at This That And The MBA

-Christopher-

Email: thisthatandthemba@gmail.com

Website: http://thisthatandthemba.com

Come check me out and let me know what you think of my site!!!

9:07 am
February 13, 2012


Edward Antrobus

Fort Collins, CO

Member

posts 1008

Andi B. said:

In some respects that's exactly what I'm worried about. Also, it's not like there's a listing somewhere of what people charge for their services, so it's hard to figure out what's considered fair and affordable for most services.

What I started out with was: how much would I pay for this? Of course, I'm cheap, so that probably wasn't the best plan. :)

 I'm looking for editors, beta-readers, and some demographic research for my upcoming novel, Once Upon a Saturn Moon. If you like reading soft sci-fi thrillers, maybe with a touch of romance thrown in, you can find more information at http://seampublishing.com/once…..aturn-moon

If You Can Read, You Can Cookhttp://www.ifyoucanread.com | Think you can't cook? If you can read this sentence, then you can.

SEAM Publishinghttp://www.seampublishing.com | eBook formatting and publishing service

12:56 pm
February 13, 2012


jaicatalano

New York

Member

posts 846

I think you also have to go with your heart. Try to find a few numbers that make you know what the market is but then add or subtract from there. 

1:03 pm
February 13, 2012


Eric – PersonalProfitability.com

Portland, OR

Member

posts 2120

I would not post your rates, I would respond to customer inquiries. Try a few things and find a sweet spot where you can make the most. You know what Ramit would say, charge more than everyone else because your service is better.

4:48 pm
February 13, 2012


Daisy

Member

posts 271

I wouldn't post rates either, but I would definitely seek out competitors and ask for their pricing – usually people in the blogosphere are super happy to help out a fellow blogger! But that's just my two cents. 

Daisy @ When Life Gives You Lemons, Add Vodka
http://add-vodka.com
Twitter: Add_vodka 
Email:
addvodka@gmail.com 

4:54 pm
February 13, 2012


Edward Antrobus

Fort Collins, CO

Member

posts 1008

Just curious? Why wouldn't somebody post their rates? Also, why would somebody not post their rates, but tell it to a competitor?

Personally, I don't think that pricing should be a black box. For one, I think it leads to a lot of dead ends where a potential client contacts you, then sees a number out of their range and leaves you hanging.

I'll be happy to do the math and give you a number, but you should be able to find my rates on my site and have an estimate of how much it would cost.

 I'm looking for editors, beta-readers, and some demographic research for my upcoming novel, Once Upon a Saturn Moon. If you like reading soft sci-fi thrillers, maybe with a touch of romance thrown in, you can find more information at http://seampublishing.com/once…..aturn-moon

If You Can Read, You Can Cookhttp://www.ifyoucanread.com | Think you can't cook? If you can read this sentence, then you can.

SEAM Publishinghttp://www.seampublishing.com | eBook formatting and publishing service

5:36 pm
February 13, 2012


LaTisha @YoungFinances

Admin

posts 1715

I priced my SEO service based on how I value my time. I know that if I put my efforts toward X I can make X amount of dollars so how much would I have to charge to make up for what I lost?

Then I estimated the time and effort it would take. Customizable services you can obviously charge more for but if you are doing something that anyone could do if they had the time, you would charge less.

 

Lastly, I thought, if I were the customer, what would I be willing to pay? I did a base, best and worst cast customer. So customers with varying ranges of income/ ability to pay. I always want to charge a fair price. But just remember, there is a customer for just about every price.

 

Once you come up with a number from that, it's all about selling the features and benefits. So if you are going to submit to carnivals to someone, you don't sell them your carnival submitting service, you sell them idea more backlinks/higher page rank for their site. Then no matter what you charge, if they see the value, they will pay it.

 

Hope that helps! Smile

LaTisha 

Young Adult Finances

Most Popular Post: I Have a Confession, I Don't Have a Budget

10:17 pm
February 14, 2012


Andi B.

PDX

Member

posts 272

Thanks guys. The different thoughts and information helped quite a bit. I think it comes down to how I value my time, what I would pay for a service and finding the right clients. Thank you!

Andi B.

Make the life you want.

Enjoy good food.

Enjoy good friends.


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