Honey, I shrunk my fees

After a few decades of ensuring I regularly nudged up my fees, Iโ€™ve just chopped them in half. And no this isnโ€™t a lead generation tactic. Itโ€™s more complicated than that.

Ironically, a couple of months ago, I wrote a piece here that was all about hiking prices and now here I am seemingly suggesting the opposite. Except Iโ€™m not.

โ€˜Hiking pricesโ€™ explored the oft-overlooked strategy of looking closely at your fees when in the pursuit of business viability. My recent shock-horror-prices-slashed action has been levelled against a little business that happily achieved viability a long time ago.

When I say viability, my definition is that my activities reliably put sufficient food on the table, keep a smile on my face and my demeanour generally seems to please my family and friends. Itโ€™s all Iโ€™ve ever wanted from my work.

Maybe if Iโ€™d wanted more, my car would be longer, my house larger and my choice of footwear more varied. Iโ€™ll never know. Anyway I digress.

Let me try to explain my actions

Some weeks ago, I took myself off to see a psychotherapist as I wanted to better understand and improve an aspect of my thinking. After a handful of very enlightening sessions and a couple of boxes of tissues, I feel much better equipped to handle some life stuff that was bugging me. Thanks for asking.

Given the focus of my work, I couldnโ€™t help paying attention to how my specialist operated and was surprised to discover that she:

  • Has no website and doesnโ€™t show up prominently on Google
  • Offers no free trials, no ebooks and no newsletters
  • Has no intake process, no online diary and no virtual assistant
  • Doesnโ€™t make gormless looking LinkedIn videos, isnโ€™t crushing it on Instagram and wouldnโ€™t recognise a side hustle if it ran over her

Hmmm. And l found her by word-of-mouth. Oh, yes, and she charges a third the price of a coaching session with yours truly.

All this (or all not this?) and yet sheโ€™s nicely occupied doing work she loves with people she knows she can really help. Thatโ€™s Satisfaction 101 surely?

The simple way to build a lovable business

And realising that is what lit up my bulb. The kind of people I want to help and with whom I can truly add value, would never pay my silly fees. And those who can are generally not my tribe.

So be advised. If you want to create and build a lovable business, Iโ€™ll help you achieve it. But if you want to rapidly scale, flip or crush anything, best get your cheque book out and head to Google.

Iโ€™d love to hear what you make of this, let me have it in the comments.