Many service-based businesses start with a freelance model. You sell a contract, provide the service, over and over again. And you can make decent money doing this, but at some point, you're going to burn out or even go broke. The key to avoiding these outcomes is by changing your pricing model so you can increase your profit margin. A good profit margin allows you to invest in new technologies, hire amazing people, and build up a cash reserve which will eliminate a ton of stress. Building up profit is really a tremendous gift you can give yourself. And, you have more control over it than you think. Keep Reading When I work with service-based entrepreneurs who are ready to take their profits to the next level, I see them fall into a lot of the same pricing traps. They get stuck in their freelancer mindset and have difficulty switching to the mindset of a 7-figure CEO. But if you really want to scale and grow, you need to escape that mindset, and I can show you how. In this episode, I'm sharing one of the biggest pricing traps I see service-based business owners fall into and how you can free yourself from freelancer pricing. I want to help you make the shift to premium pricing where you're doing work that you love, not burning out, and you're making a ton of money and profit. Remember, if you price yourself like a freelancer, that's how the market will continue to see you. I'll show you how to transition your brand position through pricing so you can start making the money you want and deserve. Today on the Power + Presence + Position Podcast: All the benefits that come with good profit margins. The difference between a high touch 5-figure offer and an SFSO. Why service-based entrepreneurs get hung up on being affordable. What CEO pricing is and its four components. How to divorce your pricing from your time. The deep mindset work required to go from a freelancer mindset to a CEO mindset. Resources Mentioned: Today's episode is sponsored by the show, Young Money with Tracey Bissett Get the details on my upcoming Power + Presence + Position program at eleanorbeaton.com/apply. Sign up for my upcoming webinar on The 7-Figure Niche! EP415: How to Sell HARD (Without Hurting Your Reputation) Love the show? Let us know! Are you a fan of the Power + Presence + Position? If the tips and interviews we share in each episode have helped you gain the confidence and inspiration to become a better, more powerful leader, head on over to Apple Podcasts, subscribe to the show and leave your honest review to let us know! What are you waiting for? Head on over to Apple Podcasts, subscribe, and leave a review to enter your name into this month's drawing! Join the Community of Practice! Want enriching conversation with intelligent, insightful women entrepreneurs, who are unapologetic about their ambition? Join me in the Power + Presence + Position community - the free, invite-only community for fierce, high-level women entrepreneurs making a huge impact on the world. You'll get access to our book club, happy hours, and executive round tables where we talk about the issues that matter most to women entrepreneurs. If you're ready to take your business to the next level and be part of the best conversation about women entrepreneurship on the internet, join me in the free Power + Presence + Position community today!

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related