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Episode 38: How to Decide on Pricing
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Have you created a pricing strategy for your business? Spending time planning for pricing structure is key to the success of your business. Don't give up your business if you are changing your strategy think about selling it.
Do not miss these highlights:
02:00 It's important for you to identify what bucket (ticket) you're going to be in because this is how you attract your ideal client.
03:56 Nailing your pricing strategy is important - Product pricing strategy determines many different things.
06:25 In our practices we're charging for time.
08:03 Package prices ideas.
10:19 If you have a team, especially when you start doing higher ticket items, it's best for you to have a ‘Closer’ - somebody else in your team who can talk money and can explain programs to the patients.
13:30 Start thinking about pricing, you need to make sure that you're looking at the pricing structure of what you're selling.
15:45 Just because there are hard times doesn't mean that your practice still can't grow.
16:39 The red flags in pricing that will create problems for you.
Resources Mentioned
Join Us in the FMBI Mastermind Group on Facebook. You can find the Group at https://www.facebook.com/groups/5461914567153276/
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