How would you like to increase your consulting income by 50%, 100% even 200% and more…interested?
There’s a very simple way to achieve this and I’m going to tell you how…
If you’re currently making an average of $15000 per consulting project, increase your fee to $25000, $40000 or even $80000.
Here are three guidelines for you to make this happen:
1. Charging too little. Many consultants I speak with in my coaching program are charging too little for the results they provide. If you are helping your clients improve sales by $250,000 annually, charging $5000 is too little. If you know you’re providing huge results for you clients and not charging enough – increase your fees right away. That will have a huge impact.
2. Provide greater value. Let’s say you’re currently providing a service to your clients for $20000 and it includes A and B. If you add more value by providing A, B, C and D, you can increase your price to $50000. The key here is that you can charge more if you’re creating more value. This is a very powerful approach.
3. Give your client options. I’ve long talked about the value and research that supports the effectiveness in giving your clients pricing options. You’ll have 3 packages. The first may be for $15000, the second for $35000 and the third for $70000. Most clients will take the second/middle package. A few will take the first, and fewer will take the third. But together, you’ll grow your income significantly by taking this approach. Remember, as your consulting fee increases, so too does the value that you provide with each package.
There are many ways to structure, position and package your offers to get the most out of your consulting fees and grow your consulting income.
This is exactly what I do with my clients. And many of them now land $50K, $80K, and $100K+ projects on a regular basis.
If you’re serious about growing your consulting income and business, contact me about my coaching program for consultants.