I get asked a lot if a price someone is charging is enough.
“Should the app just be free?” “How much should the admissions ticket be, I was thinking $10.” “I really want to work with this client, should I lower my price?”
More often than not, I get a “Oh… Really?” response when I tell them they’re not charging enough. That is, until I explain why they’re not charging enough.
When I worked with my dad in his painting and remodeling business, I learned there were often jobs he had to bid for. Did he lower his price to compete with other bids? Or did he keep it high, reflective of the quality of work he would produce?
It was more of a question about the fan base he wanted, not how much money he would make. Often times he would bid a higher price to decipher whether the business was a raving fan or not. (Better to work for a fan, a friend than someone who feels they’re in a position to constantly criticize.)
Imagine Dragons can charge $300+ a ticket because they don’t need to allow critics in their concert. The price you charge is the first gateway to deciding what audience you’ll attract. Quite simply, a low price exposes you and your art to people who may not be avid fans. Is that what you want?
Free can help you in some ways. Free can attract the mass. But free won’t get you where you want to go in the world of your craft.
Stay Positive & So, Yes, You’re Not Charging Enough
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