How has your perspective on pricing for jobs changed?

Initially, I believed that charging high prices for every job was essential to make good money. However, my perspective has shifted to valuing speed and fair pricing to increase overall earnings by handling a larger volume of work.

Full Explanation

Originally, the thought process was centered around charging premium rates for each job, assuming that higher prices would directly result in better income. Over time, I realized that this approach might limit the number of clients willing to pay those prices. Instead, by completing jobs quickly and offering competitive prices, it is possible to attract more clients and work on a higher number of projects. This approach can ultimately lead to higher total income due to increased volume rather than relying on high individual job fees.

Step-by-Step Breakdown

1. Old Perspective: Charge high prices for jobs to maximize earnings per job.
2. Challenge Identified: High prices may reduce client willingness, limiting the number of jobs.
3. New Approach: Focus on efficiency, completing jobs quickly.
4. New Pricing Strategy: Offer good, fair pricing attractive to clients.
5. Result: Ability to handle more jobs, increasing total income through volume.

Real Examples

While no specific examples were provided, the idea clearly suggests that by lowering prices and speeding up the work process, one can draw in more clients. This strategy relies on doing many jobs at reasonable prices rather than fewer jobs at high prices, which ultimately improves overall profitability.

Common Mistakes

• Charging too much per job without considering client affordability.
• Focusing solely on income per job instead of total volume.
• Neglecting efficiency, which can slow down job completion and reduce potential volume.

FAQs

Q: Why was the initial strategy of charging a lot not effective?
Because charging high prices for every job may limit the number of clients willing to pay, reducing overall work volume and income.

Q: How does doing jobs quickly help with pricing?
Completing jobs faster enables handling more projects in the same timeframe, making it possible to earn more through volume, even with lower prices.

Q: Is it better to charge low prices?
The answer is to find a balance where prices are fair and attractive, combined with efficient work, to maximize earnings from a higher number of jobs.

Key Takeaways

• High prices per job are not the only way to make good money.
• Efficiency in job completion is crucial for increasing workload capacity.
• Offering good prices can attract more clients and result in higher total income through volume.