Podcast Episode 76: How To Raise Your Rates, Improve Your Work/Life Balance, And Increase Your Profit Margins

Have you been waiting for some magical moment to raise your rates?

Maybe you think you need a Grammy before you’ll be able to charge more, but the reality is…you may be ready right NOW.

Every day that you put this off is a day that you’re missing out on earning more, weeding out bad clients, and achieving a better work/life balance.

It can be scary, but if you follow the advice we share here, you may be pleasantly surprised.

In fact, it could be the best thing you’ve ever done for your business.

In this episode you’ll discover:

  • What three fears can prevent you from raising your rates, and why you need to overcome them
  • How to understand when it’s the right time to raise your rates
  • Why you should potentially raise your rates
  • How being cheap can hurt your business
  • What not raising rates can do to jeopardize your work/life balance
  • Why you should quote rates rather than publish set rates on your website
  • Why you want to get rejected for most of the quotes you send out
  • When it might not be time to raise your rates

Join The Discussion In Our Community

Click here to join the discussion in our Facebook community

Click the play button below in order to listen to this episode:

Leave A Review Download The Episode Send Us Your Feedback Subscribe To The Podcast

 

Quotes

“When to raise your rates is when you can afford to say no.” – Chris Graham

 

“If you’re not profitable enough without advertisement, you’re not gonna be able to afford to advertise so that you can get more clients.” – Brian Hood

Episode Links


Websites

456 Recordings – www.456recordings.com

Chris Graham – www.chrisgrahammastering.com

Creative Pep Talk W/Andy J. Pizza – http://www.creativepeptalk.com/

Music and Money Investors Group – https://www.facebook.com/musicandmoneyinvestorsgroup/

Working Class Audio – https://www.workingclassaudio.com/

Robinhood (stock trading app) – https://www.robinhood.com

Mark Eckert: https://www.mark-eckert.com/

 

Courses

The Profitable Producer Course – theprofitableproducer.com

The Home Studio Startup Course – www.thesixfigurehomestudio.com/10k

 

Facebook Community

6FHS Facebook Community – http://thesixfigurehomestudio.com/community

 

Instagram

@chris_graham – https://www.instagram.com/chris_graham/

@brianh00d – https://www.instagram.com/brianh00d/

 

YouTube Channels

The Six Figure Home Studio – https://www.youtube.com/thesixfigurehomestudio

 

Send Us Your Feedback!

The Six Figure Home Studio Podcast – podcast@thesixfigurehomestudio.com

 

Related Podcast Episodes

Episode 27: Saving Over $3,000 Per Month By “Downsizing To Profitability”: Matt Boudreau’s Story – https://www.thesixfigurehomestudio.com/saving-over-3000-per-month-by-downsizing-to-profitability-matt-boudreaus-story/

Episode 30: 11 Highly-Effective Negotiation Tactics Any Audio Professional Can Use – https://www.thesixfigurehomestudio.com/11-highly-effective-negotiation-tactics-any-audio-professional-can-use/

Episode 42: How To Get More Clients For Your Studio (Part 1) – https://www.thesixfigurehomestudio.com/how-to-get-more-clients-for-your-studio-part-1/

Episode 43: How To Get More Clients For Your Studio (Part 2) – https://www.thesixfigurehomestudio.com/how-to-get-more-clients-for-your-studio-part-2/

Episode 68: Using Instagram Marketing To Build Recurring Income As A Music Producer – With Mark Eckert – https://www.thesixfigurehomestudio.com/using-instagram-marketing-to-build-recurring-income-as-a-music-producer-with-mark-eckert/

Episode 72: How To Make Impostor Syndrome Your Friend – https://www.thesixfigurehomestudio.com/how-to-make-impostor-syndrome-your-friend/

Episode 74: Our 5 Favorite Ways To Prevent Stress And Anxiety – https://www.thesixfigurehomestudio.com/our-5-favorite-ways-to-prevent-stress-and-anxiety/

Episode 75: Why You’re Scaring Away Clients With An Inconsistent Story, And How You Can Clarify Your Brand By Learning To Say No – https://www.thesixfigurehomestudio.com/why-youre-scaring-away-clients-with-an-inconsistent-story-and-how-you-can-clarify-your-brand-by-learning-to-say-no/

 

People

Henry Ford – https://en.wikipedia.org/wiki/Henry_Ford

Beto O’Rourke – https://en.wikipedia.org/wiki/Beto_O%27Rourke

 

Automatic Episode Transcript — Please excuse any errors, not reviewed for accuracy

Leave a Reply 0 comments