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Set a high initial price based on a 5-10x markup. Then, offer significant discounts in exchange for marketing access at the client's event, like a booth or speaking slot. The client feels they're getting a deal, while you get free lead generation.
Don't just offer discounts to early adopters. Frame it as a partnership where, in exchange for a lower price, customers must become a reference case, do a video testimonial, and provide warm introductions to their network.
Introduce a significantly more expensive, highly customized version of your service alongside your main offering. This price anchor makes the actual product you want to sell appear like a fantastic deal, even if it has a high price point, thereby increasing conversion rates.
For a high-ticket business, a powerful lead generation tactic is to give away your most expensive package (e.g., a year of VIP service) as the grand prize at events or in newsletters. This creates significant buzz, educates the entire audience on your premium offering, and removes sticker shock for those who don't win, making your other packages seem more accessible.
When pitching a larger project after a paid audit, increase the project's price by the audit amount, then offer to "credit" the client for the fee. This makes the client feel they are getting a discount or a free audit, creating a powerful psychological incentive to approve the larger project.
To increase average deal size, introduce a new, much higher-priced package (e.g., $100k) and pitch it as your primary offer. Commit to selling it hard. For clients who object, you can then downsell to your original core offer (now priced at $35k), which appears incredibly reasonable by comparison. This captures whales and boosts conversions on your main offer.
Proposing an outcome-based pricing model next to a high fixed-fee option forces the negotiation to focus on value, not cost. Even if the customer chooses the fixed fee, they're anchored on a much higher number and are less likely to negotiate it down significantly.
If an event can't meet your full fee, build lead generation into the contract. Jess Ekstrom suggests adding a clause that requires the client to introduce you to four other relevant events if they are satisfied with your talk. This transforms a lower-paying gig into a powerful referral engine.
Scott Galloway reveals his personal speaking fee strategy is binary: he charges nothing for non-profits but an exorbitant fee for corporations. This 'zero or crazy' approach serves a dual purpose, allowing for mission-driven work while using the high price point as a powerful marketing signal that generates buzz.
When starting out, don't just charge a low fee. Instead, state your full market-rate price and offer a significant discount (e.g., 50%) as an introductory offer. This establishes your true value from the beginning while still winning the client. Then, systematically raise your price every few clients.
Never present a price in a vacuum. Just before revealing the investment amount, explicitly summarize the customer's key challenges and pains. Gaining their agreement on the severity of the problem anchors the price to the value of the solution, making the cost seem more reasonable in comparison.