3 Pricing Models For New Service Businesses
How should you price your service? Too much and no one will buy; too little and you’ll risk people undervaluing it and again, no one buying.
Almost every new founder of a services business faces this kind of struggle with pricing early on.
Pushing the limits of how much you can charge is one of the most challenging parts of building a successful 7 or 8-figure business.
I’ve studied and used many pricing strategies over the years. In this week’s live stream, I will share with you their upsides and downsides and review 3 of the most common pricing models for professional service businesses:
- Hourly
- Project-based
- Value-based
Next week, we’ll cover 3 more advanced models.
Feras Alhlou
Feras has founded, grown, and sold businesses in Silicon Valley and abroad, scaling them from zero revenue to 7 and 8 figures. In 2019, he sold e-Nor, a digital marketing consulting company, to dentsu (a top-5 global media company). Feras has served as an advisor to 150+ other new startup businesses, and in his current venture, Start Up With Feras, he's on a mission to help entrepreneurs in the consulting and services space start and grow their businesses smarter and stronger.