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How to Create and Price Your Flagship Offer (Part II)

How to Create and Price Your Flagship Offer (Part II)

FromThe Art of Online Business


How to Create and Price Your Flagship Offer (Part II)

FromThe Art of Online Business

ratings:
Length:
33 minutes
Released:
Sep 30, 2020
Format:
Podcast episode

Description

Are you stuck on pricing your flagship offer? Is it too high? Is it too low? This trips a lot of people up which is exactly why I wanted to put together this episode for you today. Last week we talked about how to create a flagship offer and why. If you haven’t heard that episode yet, go back and listen to that one first! It will set you up for this episode where we’re getting into how to price your flagship offer. This is going to be helpful for you if you’re just getting started in your online business as a course creator, or if you're further along and you want to redefine or even replace your offer. I’m giving you ten things to think about when it comes to pricing your offer. From market research to human psychology, there are a lot of things that people don’t think about when pricing their offer….and these things can make your life easier!  On Today’s Show You’ll Learn:  Why you should sell your program before you create it  How to base your pricing on the value that your provide Why you should take a look at what other people are charging in your market  Not to underestimate the power of perceived value  What it means to work backwards from how much money you want to make  The weight of how much individualized support your students are getting  How to use different pricing levels  The importance of factoring in your expenses  The process of overcoming objections  At the end of the day, you have to do what feels right to you, but hopefully these tips gave you some ideas to get started. Pricing shouldn’t be the thing that stops you from selling your flagship offer.  I hope this episode provides the framework to have somewhere to start. And don’t forget to experiment!  If one price isn’t working, guess what? You can try a different one. If you haven’t already joined my brand new free Optimized CEO Community Facebook group, what are you waiting for? Jump in there! It is exclusively for online course creators, membership creators, and online coaches who want to optimize their business to six or seven figures. As the saying goes, you're the average of the five people that you surround yourself with, so I want you to be surrounded by like-minded business owners who are going to help you to reach your goals. You can join us right now at www.rickmulready.com/group.   Resources Mentioned:  Episode 184: How to Create & Validate Offers That Sell    Full show notes available at www.rickmulready.com/428
Released:
Sep 30, 2020
Format:
Podcast episode

Titles in the series (100)

Facebook ads expert Rick Mulready from RickMulready.com brings you The Art of Paid Traffic, revealing the best online marketing tips, tactics and strategies for growing and scaling your business. Discover how to create freedom in your business through online marketing and advertising without having to empty your wallet in the process. Learn how to automate your leads and sales from the top experts in paid traffic on Facebook ads, to YouTube ads, Google Adwords, retargeting, native advertising, Instagram, LinkedIn ads, sales funnels, analytics, landing pages, sales pages, how to write good ad copy, banner ads, ad networks, buying email lists, affiliate marketing and more. Everything that’s working right now (and not working) to help you create a killer sales machine for your business so you know exactly where your next lead and sale are going to come from.