• 007 The #1 reason most creatives undercharge

  • Nov 5 2024
  • Length: 14 mins
  • Podcast

007 The #1 reason most creatives undercharge

  • Summary

  • Let's chat about the #1 reason creative business owners undercharge and learn a simple, proven pricing formula to boost your profitability. Perfect for photographers, copywriters, designers, and freelancers looking to optimize their pricing strategy.

    Chapters:
    00:00:20 - Root cause of undercharging in creative industries
    00:01:00 - Pricing formula for service-based businesses
    02:40 - Calculating your target revenue and client capacity
    05:40 - Factoring in expenses and taxes
    08:20 - Strategies for gradually raising your prices
    10:40 - Accounting for "odd jobs" in your pricing structure

    We're covering:

    • Understanding the importance of confidence in pricing
    • Reverse-engineering your rates based on income goals
    • Considering taxes, operating costs, and owner's pay
    • Incrementally increasing prices to build confidence
    • Adapting pricing for various service packages and custom projects

    Ready to finally be confident in pricing your creative, 1-1 services? Get my custom pricing calculator: https://www.emilykim.co/photo-pricing-calculator

    Even though it says Photography Pricing Calculator, this spreadsheet + guide works for anyone who offers a 1-1 service. Enjoy!

    Thanks for listening!

    Connect on Instagram: https://www.instagram.com/emilykim.co

    Join the free, private Facebook Group: https://www.facebook.com/groups/theprofitablecreatives

    Website: https://emilykim.co/
    Photo & video services: https://emilykimphotography.com/

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