Element Five: How to Curate Pricing and Packaging for Your Services
Determining your prices is one of the most critical tasks that you will perform for your business. Two of the main reasons that new businesses do not thrive in our industry is pricing and burnout. Many of them don’t make enough money to keep their businesses afloat or they burnout because they don’t understand their value. Either way, I have a proven solution that will always make you money, and it has been deemed as the Happy Money/ Sad Money Formula!™ {based off the scripture in Proverbs 10:22} With this formula, I will give you a plethora of ways to curate your pricing and packages so that you will never walk away from a wedding or event with Sad Money Again! In this section we will cover:
· How to Build Your Packages {bundle pricing}
· Flat Fees
· Hourly Rates
· Percentage Rates
· Kickbacks and Vendor Commissions
· Sample Packaging Templates with Pricing
7 Lessons