Pricing can be a very complex topic; it literally has hundreds of moving parts. Over the past 15years of being an agency owner or coaching other agency owners, I have figured out that it boils down to 3 simple concepts: the 3 Ms of Pricing. This formula is simple to understand, and if followed will allow you to increase your pricing by at least 10-20% in the next 90 days, and eventually allow you to double and maybe even triple your prices.
1. Market Value - What the market will command is largely determined by how and why you deliver value to your clients. Reality is, a lot of that value is merely perceived, and totally in your control. In this course, I give you 15 specific examples of how to build tremendous market value in your agency’s services.
2. Maturity - How mature is your agency when it comes to its marketing, sales, service and business development infrastructure? The definition of mature is: having completed natural growth and development. The keyword here is natural. Somethings in life just take time and can only happen as your agency matures.
3. Model - What is your pricing model? There are 6 different types of pricing models you can select from – and I’ll define each of them for you in this course.
From the time a prospect raises his or her hand to the time you are asking for referrals, the entire process should be thought out, mapped out in detail, and closely tracked in a Customer Relationship Management application like Infusionsoft, HubSpot or any other advanced CRM platform. In this course, I am going to outline 6 systems that you need to get in place for your agency in order to make effectiveness and efficiency with automation a reality for your organization.