03. Charging by the hour is ruining your business

A few months into my business as a social media manager, I saw a video that changed everything for me.

Whilst I hadn’t charged an hourly rate, I had used an hourly rate to create my packages (and then did something shocking when I worked out the price!).

The video I watched made me see things from a whole new perspective and showed me exactly why charging an hourly rate for your social media management services is the worst thing you can do if you want to grow a successful business.

In this episode of The Price with Confidence Podcast I’ll be sharing that same information with you as well as what you can do instead of using an hourly rate in your business.

Episode 3: Charging by the hour is ruining your business

W E C O V E R:

[00:51] How I used an hourly rate in my business

[02:38] The shocking action I took after I worked out my prices

[04:00] The video that changed everything for me

[06:49] The only time you should charge hourly

[07:04] Why you can’t just increase your hourly rate

[08:14] Another reason not to charge by the hour

[10:07] Why offering packages of hours can leave you feeling guilty

[10:19] What you can do instead of pricing by the hour

Q U O T E S:

“When you feel disconnected from a price, either you're not going to find clients at that price because there's an energetic misalignment or you sign clients at that price but you’ll find yourself feeling resentful or feeling anxious or feeling overwhelmed.”

“The better you get at your job, the less you get paid.”

“Most people won't increase their prices, because pricing feels so uncomfortable and pricing feels so scary.”

“Your overworking is undervaluing yourself.”

“You, as a social media manager, should be getting paid for your skills, for the value that you bring to the business, the results that you can get, the talent that you have, the experience that you have, the knowledge that you have. That's what you should be getting paid for, not how many hours you work for a business.”

T H E P R I C I N C A C A D E M Y®:

➡️ Ready to price your services with confidence so you can make more money, sign better clients and create more freedom in your life + business? Go here: http://rebeccalucyh.co/pod

C L I E N T S W I T H C O N F I D E N C E™:

➡️ Learn how to get clients without burning out on socials, keep clients so your bank balance never runs dry + fire clients who don't value you or no longer align with you so you can sleep peacefully at night: https://rebeccalucyh.co/clients

R E A D T H E B L O G P O S T S:

➡️ Find tonnes of helpful blog posts for social media managers on my website here: https://rebeccalucyh.com/blogposts

C O N N E C T W I T H M E O N

➡️ Instagram: https://instagram.com/rebeccalucyh

➡️ LinkedIn: https://www.linkedin.com/in/rebeccalucyh/

➡️ Pinterest: https://pinterest.com/rebeccalucyh

➡️ My website: https://rebeccalucyh.com

A B O U T R E B E C C A H A W K E S

I'm a Confidence + Pricing Coach for social media managers who want to feel confident in their prices, their business + themselves. I help my clients + community with what to charge for social media management services and show them how to create more confidence so they can make more money without needing to hustle.

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