Hey there, fabulous coaches! Remember when we cracked the code on pricing your coaching services? Well, now it’s time to take it up a notch and talk about the importance of increasing your prices. 💰✨ In this follow-up blog post, I’ll share four urgent reasons why you need to embrace your worth and raise those rates…along with what to do next.
If You’re A Coach, You Need To Raise Your Rates Because…
Your Mindset Is Everything And Entrepreneur Life Is All About A Money Mindset
First things first, mindset is EVERYTHING! It’s time to give your money mindset a makeover. Many coaches struggle with charging what they’re truly worth because they undervalue their expertise. Let go of those limiting beliefs and embrace a mindset of abundance. Remember, you’re not just selling coaching; you’re offering life-changing transformations.
Your Pricing Is Value-based And Your Value Is Transformation
Coaches often fall into the trap of pricing based on their internal voices rather than the value they deliver. It’s time to break free from that self-imposed limitation! Your pricing should reflect the incredible results and impact you bring to your clients’ lives. Price for the value you deliver, not for what your inner critic says you’re worth. You are worth so much more! 🌟✨
You Are Continuing To Learn and Grow Which Increases The Value You Provide
As you grow as a coach, so does your knowledge, experience, and skills. With every client you serve, you become even more valuable. By increasing your prices, you’re aligning your rates with your growth and expertise. It’s time to acknowledge your evolution and step into the next level of your coaching journey.
You Will Attract Clients Invested In Themselves If You Are Invested In Providing High-ticket Coaching
Raising your prices is not just about increasing your income; it’s also about attracting the right clients. When you position yourself with higher rates, you’ll naturally draw in clients who are committed and invested in their own growth. By valuing your services appropriately, you’ll create a win-win scenario for both you and your clients.
How To Increase Your Coaching Prices
Now that we’ve explored the urgent reasons why you need to increase your coaching prices, it’s time for action! Here are the next three steps to help you confidently navigate this pricing elevation journey:
Increase Your Rate by 25%: If you’re still not ready to take a big leap, start small. Increase your rates by a manageable percentage as a testament to your growth and worth. You’ve got this! 💪💼
Set a Date: Choose a date when your new rates will come into effect. This sets a clear timeline for you to prepare and adjust your business accordingly. Don’t be afraid to mark it on your calendar and own it! 📅✨
Notify Your Clients: Communication is key. Notify your existing and potential clients about the upcoming changes in your rates. Emphasize the value they’ll continue to receive and how it will benefit their transformational journey. Be confident in sharing your worth! 📢💌
Bonus Tip When Increasing Your Prices: Remember why you did this whole coach and entrepreneur thing in the first place. If it was to provide value and make a difference, while staying in control of your business and identity, then increasing your prices is a testament to that. Take a deep breath, remind yourself of the reasons why you’re an incredible entrepreneur, and take that leap of faith. You’ve got the power to elevate your coaching business and thrive!
Now, go forth, embrace your worth, and let your increased prices reflect the value you bring to the world. You are unstoppable! 🚀💖
Additional Coachpreneur Resources:
- Blog: When is the best time to start my coaching practice?
- eBook: Passion to Profit- The Ultimate Guide To Starting Your Coaching Business
- eNews Sign-up: Exclusive monthly newsletter for Coachpreneurs!