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
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“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
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/
The Profitable Producer Course – theprofitableproducer.com
The Home Studio Startup Course – www.thesixfigurehomestudio.com/10k
6FHS Facebook Community – http://thesixfigurehomestudio.com/community
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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/
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Henry Ford – https://en.wikipedia.org/wiki/Henry_Ford
Beto O’Rourke – https://en.wikipedia.org/wiki/Beto_O%27Rourke