December 02, 2020
If you are reading this, there’s a good chance you have no idea how to price your services. Don’t worry mate we got ya! We’ve all been in this situation before, no one likes having their pants pulled down in regards to pricing.
Here are some of our tips to help you set your pricing:
Set A Clear Revenue Goal
To grow your business you can’t set a number that sounds good and think, “she’ll be right.” Set yourself a clear, realistic goal, and to keep yourself on the right track, you should be checking it yearly, quarterly, or even monthly. Never be afraid to re-evaluate if you aren’t hitting your goals.
No idea how to start? It comes down to the research you have done already from pricing, your industry, how long you’ve been in your industry, past clients, and potential clients. Even one year of figures will provide you with a cute load of knowledge on how to conduct your next 12 months.
Understand Your True Costs
This can be a scary one, your revenue goal needs you to look more at your actual costs. It’s all well and good making $X but if your costs are $XX then it’s time to have another look.
Here are some questions to ask yourself:
Access The Market Potential
Your first step to determine your potential market should start with these questions:
Check Out The Competition
Unfortunately, if you think you’ve come up with a unique business idea, someone’s done it first or something similar. (Unless you’re Aussie Man Hands). In a crowded marketplace, it’s vital you collect as much info on your competition as possible to give you the edge.
With everyone and their Nan glued to social media, it’s actually easier now than ever to have a good stalk of your competitors online. Don't actually physically stalk them. That's bad.
A big question to consider is whether you should undercut your competition or increase the value of your services. That's something you'll have to decide for yourself.
Setting your prices can be a bloody stressful and lengthy process, but it’s worth it when you get a clear understanding of your marketplace.
But if you don’t start you’ll never know, right?
May 18, 2021
Are you wistfully gazing out of a rain-soaked window, wishing you could tinker on that dirt bike you bought last year, or maybe it’s spending more time with the ankle biters? Or maybe just to do sweet F A.
In this current age of “hustling” we find ourselves neglecting the ones we love and our favourite hobbies in order to feel successful. But the truth is, we all have the same amount of hours in a day but some of us are just better at not allowing work to take over our lives.
May 04, 2021
With the rise of technology, did you know that tech could make a positive impact on your tradie business?
Construction apps can help us improve our productivity within our businesses and the construction industry.
Copyright © 2021 Aussie Man Hands - All Rights Reserved.