173. 4-Step Formula For Determining “Price” In Your Business + Why Undercharging Is The Silent Killer Of Online Coaches
Pricing is one of the biggest questions we get, both from a strategy standpoint and a mindset and confidence standpoint. We want to help with both issues with this episode by giving a 4 step practical formula to determine your coaching pricing (or any pricing in entrepreneurship) and why higher prices will allow you to serve your clients at the level you know they deserve. Time Stamps: (1:20) Starting with What Works (2:02) Preframing/Mindset on this Topic (3:45) Steps to Breaking Your Current Beliefs (6:54) EDF Team Meetings (9:08) Enrollment Call Example (11:36) In-Person vs Online Coaching (15:40) Resentment (16:45) 100k Model (19:14) The DM’s and Jordan’s Favorite Story (24:45) Deeper Meaning (28:00) 3-5 Simple (Not Easy) Steps (31:18) Pricing Impact (36:31) Big Looming Question (37:16) Premium Sales Training ------------- If we metaphorically burnt our businesses to the ground and had to start over today, what would we do to reach 6 and 7 figures? Would you like to know that step by step process... for free? Click here to get our FREE Audiobook "Building a 6 Figure Coaching Business From the Ground Up" ------------- Feeling confused about what nutrition protocol, or plan to follow? Want to be able to still eat how you want, without sacrificing results? If you want to end the constant “yo-yo diets,” learn how to achieve the body you have always wanted, WITHOUT killing yourself with cardio, missing out on social events, and being unsure if what you are doing will work…. Then we have a FREE 5 Step Guide to achieving BALANCE forever - and to teach you HOW .. and WHY… Click below for the free resource! bit.ly/ResultsWithBALANCE ------------- FREE COMMUNITY FOR ONLINE COACHES LOOKING TO LEARN, SCALE, AND MAKE AN IMPACT IN FITNESS Join the Free IFCA Community for Coaches who want to change lives ------------- Please make sure to follow Erin at @erindimondfitness, Jordan at @duggaestetics, and the official Flow State of Mind Podcast page @flowstateofmindpodcast. Subscribe a Review in iTunes Are you subscribed to our podcast? If you’re not, we encourage you to do that today. We don’t want you to miss out on any episode. Click here to subscribe in iTunes! If you’re a true badass, we’d be super grateful if you left us a review over on iTunes, too. Those reviews help us climb the podcast ranks and extend our listenership and reach. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let us know what your favorite episode was.