Dan Martell - September 15, 2024


You never want to close 100% of your sales

Hosted by
Dan Martell
You will do more for others than yourself I act like a 6 year old in business

Episode Stats


Length

35 seconds

Words per minute

260.2

Word count

153

Sentence count

6


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, I talk about how to price your services so that you can charge the best price possible to get the most out of your services. If you're not getting a lot of deals because you don't charge high enough, then you're probably not charging enough.

Transcript

Transcript generated with Whisper (turbo).
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 If I'm not getting like 60% of the people saying no,
00:00:02.680 it means I didn't put my price up high enough.
00:00:04.600 And some people make this mistake when they're starting off
00:00:06.540 because they're so worried of not having enough business,
00:00:08.360 but then you're essentially working for free
00:00:10.460 because it's impossible for you to be able to deliver the value,
00:00:13.740 have enough gross margin to be able to actually reinvest and grow the business.
00:00:17.240 See, a lot of independent freelancers, et cetera,
00:00:19.380 they don't value their time, so they price aggressively to get the job,
00:00:23.060 but then they could never afford to pay anybody else to do the work.
00:00:25.540 So the right way to price is actually to say,
00:00:27.620 If I wasn't involved in this, what would I have to pay people?
00:00:30.440 Put a margin on top of that.
00:00:31.680 That's your price.
00:00:32.540 If you're winning 100% of your deals, you're not charging enough.