Wednesday, 21 July 2010

Are Your Fees High Enough?

Hi everyone

Midweek - Are you half way through your goals for the week? A challenge isn't it?

I try to catch up on business, sales and personal development reading whenever I can - and I sped through several 'Business' sections of The Sunday Times last weekend. There's always some great snippets of tips amongst the news, stories and profiles. One particular feature always catches my eye, called 'How I made It' which features business owners' success stories.

The thing that stands out the most in those profiled is their ability to bounce back, to be patient for success, to learn from the knocks, to learn from anything in fact!

The guy featured in one particualr week was Ed Reeves, founder of Moneypenny, a telephone answering service that has annual turnover of £7m.

I going to quote a passage from the article now... 'He returned to Britain at 23 and settled in London. TIS offered to pay him commission if he was able to sell outdated land line phones for £5 each. After finding no takers, he raised the price to £25 - and promptly sold a thousand. He made £20,000'

I hear this type of thing so many times. So - are the prices you are charging down to your 'stuff' rather than what the market thinks you're worth?. Now there's a thought.

Until next time.

Leigh

No comments: