Internet Marketing – Is doubling your price ripping the client off? -3

Mark Wickersham (UK)
Almost every
time I share stories of how firms using
my techniques are able to double – or
even treble – their prices, someone in
the group will say,
“But Mark, if I’m
charging double what the firm down the
road is, aren’t I ripping my clients off?”
The answer I always give is:
Absolutely not!
A prime example, and one which I often
look at in more depth in workshops, is
the way UK accountants incorporate
businesses.
(By incorporate I mean the
way accountants take a sole trader and
– as long as there are benefits such as
tax advantages – move them to a
corporate structure.)
What I’ve found
is that the prices they charge for this
are crazily cheap, on average
£200 -£400.
In contrast, firms I work with
charge four- or five-figure sums for
the same process.
Clients deserve the best
Again, some of you might think, “But if
one firm will do it for £300, while
others charge £2000, they must be
ripping clients off.”
Again, the answer is, ‘no’.
I genuinely believe that the
cheaper firms are in danger of being
negligent.
In the case of
incorporations, for example, there are
at least twenty different things we
need to consider if we’re going to do
the job properly and give the right
advice.
The problem is we don’t always
recognise the importance of what we do.
But, when I explore these twenty things
in seminars, everyone agrees they
couldn’t possibly consider them all for
£300.
That’s why we owe it to our
clients to be expensive.
They deserve a Rolls-Royce service
– and we need to allow enough time
in our budget to provide one.
Also:
Those links again:
Effective Pricing for Accountants (book)
The complete guide to menu pricing – NEW!
(video training programme)
How to build a successful bookkeeping
business (book)
How to build a successful bookkeeping
business (video training programme)
Grab them NOW and claim the true income
that you earn!
Price accounting and consulting
services more profitably!
Your Pricing Journey (video training programme)

NEW programme from  the MASTER!

(More of Mark!)
Better pricing = higher profits 
If you have a service business, you can
earn much more from this series.
Also, Mark runs a programme called
Price Consulting, and he teaches
accountants/bookkeepers how to help
their customers with their pricing. 
Thank you for the positive response to
posts on this topic and the action taken.
Please tell your friends!
Silvia at IFRSbox.
If you are in finance and not on her
FREE list (WHY NOT?):

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