10 Tips For Pricing Your Services
In this 5-minute small business class online, you’ll learn how to choose a business that’s right for you.
Recommended Pre-Requisite Classes: How To Price Your Services
Instructor: Jennifer Croft
Please note: You may have to raise the volume on your computer or phone to be able to clearly hear the video.
In this 5-minute online class, you’ll learn 10 tips for pricing the services in your small business. You’ll find out about different pricing options for service businesses and how to calculate how many hours you can bill per week. You’ll discover the importance of keeping track of your hours (for everything!) and learn the concept of bidding a job or project by giving a range, instead of a firm price. You’ll learn when and how to raise prices and how to charge what you’re worth. You’ll get info about what to do if you underbid a job and find out to increase sales by creating “pricing profit centers” within your business.
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Related ClassesHere are other small business classes online that relate to 10 Tips For Pricing Your Services:
•Intro To Pricing
•How To Price Your Services
WorksheetsThe following small business worksheets will be helpful for you to use:
•Pricing For Your Top 5 Services
•Price vs Quality/Service
•Time No One Pays For
Next StepsAfter taking this class, here are some good next steps you can take:
•Make a list of the current prices you charge for your primary services.
•Start “clocking in” and “clocking out” on all of your jobs and projects, so that you can track how long things really take you.
•The next time you’re uncertain about how much to bid, give the client a range (of hours and/or pricing).
•Consider implementing discounts you could offer to boost your sales volume.
•Consider implementing profit centers you could add to increase your profitability.
•Consider implementing a price increase (or decrease) on some or all of your services..