BART SMITH OFFICIAL WEBSITE • AUTHOR • YOUTUBER • COOKIE BAKER • COOKBOOK CHEF • FUTURES TRADER

BOOK EXCERPT
📖 How Much Should You Charge Your Clients?
Excerpted and adapted from Get Paid By Clients book by Bart Smith
Reprinted by Permission
Pricing should not come from guesswork. It should reflect your market, your experience, the value you provide and what your business needs to remain profitable.
The goal is not to be the cheapest or the most expensive. The goal is to charge a professional fee you can explain and stand behind with confidence.
1. Research what others in your field charge so you understand the current market range.
2. Study competitor websites, service packages and published pricing whenever that information is available.
3. Talk with trusted peers and ask about realistic fee ranges for comparable projects.
4. Ask prospects what budget they have allocated when that question fits the conversation.
5. Price the value and result you provide, not just the amount of time the work takes.
6. Use hourly pricing when the project scope is unpredictable or likely to change frequently.
7. Use project pricing when the deliverables and expected result can be clearly defined.
8. Consider a hybrid model: hourly discovery, flat project fee, then hourly billing for extra work.
9. Define the scope in writing so additional revisions or requests do not quietly erase your profit.
10. Calculate what your business actually needs to earn each year before setting your rates.
11. Account for unbillable time such as marketing, administration, bookkeeping, meetings and learning.
12. Include taxes, overhead, savings, retirement, vacation time and financial reserves in your income planning.
13. Do not automatically discount when a client says the price is too high; reduce the scope instead.
14. Raise your rates when demand grows, your expertise improves or your schedule stays consistently full.
15. Review your pricing regularly so your fees continue to reflect your experience, results and business goals.
FINAL THOUGHT
Your price should support both the client and the business serving that client. When your fee is based on research, value, capacity and long-term sustainability, you can discuss money with much more calm confidence.
(THIS CONTINUES IN THE BOOK)
# # #
WOULD YOU LIKE TO:
RETURN TO THE:
WOULD YOU LIKE TO:
Website Design by Bart Smith
© Bart Smith | All Rights Reserved