Hi to all S4S community
about my above question, i'd like to ask you what would you do
if you want to correct your prices (Simply because we cannot afford charging
those super-low rates anymore) to adjust them to the market prices of
a service.
i assume the client would leave us and find someone else
to offer the same service
I see some things could happen:
1. The client (who already is happy hiring your services) will not
be willing to pay the increase, and may find someone to replace you
if you tell him you want to double your rates.
2. If I put myself in a better position (get a larger SEO, then leads, then more sales)
and then say "good bye, i don't need you anymore"
because I could be more productive with another new client.
3. get a new client and say good bye to the old one.
I don't really like the idea of losing a solid relationship with a client that
has been taken years to build. However when it comes to money,
some people would not feel attached to anyone and would easily say goodbye.
No one is essential.
I am learning my lesson. It's not good to be the cheapest, because
there is always someone who could be cheaper than you. Also, it sends the
wrong signal when creating a negative perception of being cheap.
Doug said, "price is discovering, it's not the sum of your desires". Since
i've heard that I've been trying to figure out how much value we give
to our work and how much clients are willing to pay for that. When
comparing the market prices, I realise there is room for our prices to
go up, it's only a matter of time to see if we could increase the prices
as much a we want.