Steer Clear of These Mistakes When Setting Your Service Business Fees

Marketing an online business that offers a service has similarities with product businesses, but there are important differences. Many online services will look at what is needed and then formulate a quote for the job. Yet for many service providers, there are usually nagging doubts on many fronts. Your mind can often play tricks on you immediately after the fact; questions and doubts about different things. It is natural to wonder what would have occurred if your fee was greater. Could you have gotten more and would it have been worth it? With a lot of services, there are unfamiliar and unforeseen situations that will cause more work for the provider. So let’s take a peek at this critical area of your service business.

Yes, it is true that you are providing a service to your clients. Let’s take a minute to examine something that is actually pretty important. You are also, and more importantly, providing your clientele with a set of clear benefits for their business. There is a huge variation that really is glaring if you can see it. Your clients, or potential clients, think about benefits in much more valuable terms and feelings than anything else, usually. Consider that when you talk about a “service,” there are almost no feelings associated with that. People are so used to getting some sort of service that they do not give it a second thought. Stop considering yourself as a provider of a service; you provide terrific benefits to your clientele.

Do you really know what you are worth? How well do you recognize or are aware about what is out there, what you offer, and other aspects such as good quality and experience? The the greater part of service providers reflect people in general because what the providers do is grossly underestimate their real value. Of course you should be as objective as possible in this area. Do understand that if you don’t have experience, then that should rightly affect what you can sensibly charge. If you are definitely not sure, then we suggest you perform some good research. You may have to shop around, but simply search on your service keywords and look at others who offer equivalent services as you. By doing that you will at least have some kind of point from which to start your own assessment.

One area you need to always steer clear of is the negotiating or “haggling over price” conversation. We have seen this too many times; businesses making an attempt to get you to cut corners on your fees. Even if you obviously state your fees on your site, you will see people who will want to get you to come down as much as possible. Dropping your fees simply reflects poorly on you; as if you have low esteem and self worth, etc. Once a person gets a gut feeling they have a foot in that door, then our experience has shown that things tend to deteriorate from that point on. To make money online you need to have a good opportunity like the GBG Home Business Opportunity and the Vitagap Marketing Machine by GBG Vitality.

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