Working Too Hard for Too Little Money?

Sep 1st, 2009 | By | Category: Peaceful Entrepreneur

Nearly one-third of the respondents from the Peaceful Entrepreneur survey said they were working too hard for too little money.workhardformoney

So let’s take a look at what this is about.

There is a tendency for people who are just starting in business to undervalue their services and their worth. As you grow your business, confidence builds and some people raise prices accordingly but some never do or lag behind.

And now on top of that, with the downturn in the economy, many entrepreneurs have assumed that people will not be willing to even pay their regular price.

And certainly there was a period of panic, when some people just stopped buying anything they considered unnecessary.

Therefore, some entrepreneurs decided they better lower their prices. Good idea or bad idea? If you did that, is it working for you?

Whew! I did it for a short time but found it was a bad idea for one-on-one services. That will definitely lead to working too hard for too little money.

What worked better was doing the exact opposite. I created a higher end program that offered more value and more focused and strategic time with me for a premium price. So now I am contributing more value and making more money with fewer clients thereby saving me time and energy. And I got more bites than when I lowered my price.

Surprised? Well the truth is there are always people who have money to spend 1000dollarsand they will spend it when they believe they will get good value. My higher end platinum coaching package is an extremely good value and people get that. And they are getting fabulous results in part, because there is a higher level of commitment on their part and on mine.

Now I know you are probably thinking, ‘I can’t charge more.‘ And ‘what about the people who can’t afford it?‘ I know because I had some of those thoughts initially too.

So here’s a couple of counter arguments to that persistent mind chatter.

1) When you charge more and attract the higher paying clients, you then have money to spend which will boost the general economy.

2) When you start making more with fewer clients, you have more time and creative energy to create groups, products and programs that will also serve those who cannot pay the higher dollar amount.

3) End result is serving more people, making a bigger impact and positively impacting the economy.

Oh, but let me not forget the self-worth issue. Most of us have nagging mind chatter about our worthiness – especially women. I had to clear some issues around that before I was able to comfortably raise my prices. I used some of the tools that I use with my clients such as the C.A.S.H. Grid.

Are you tired of working too hard for too little money? It is in your power to do something about it. What are you willing to do ?

Enjoy this post? Subscribe to The Peaceful Entrepreneur via via feed reader or via email and receive updates on new events and posts.
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: , , , , , , , ,

39 comments
Leave a comment »

  1. Great article that lead me to think deeper, thanks.
    In my opinion, maybe we no need change the object, but method.
    How to do less and get more? is a question I have been thinking..
    Thanks for your sharing,

  2. outstanding post! great advice, will take on board!

  3. I can truly see your own exhilaration in the work you are writing. The planet can perform with more passionate authors like you who are not frightened to say how they feel. Usually pursue your heart.

  4. “Cool, there exists truly some good factors on right here a few of my readers will perhaps discover this pertinent, will send a link, numerous thank you.”

  5. Really valuable information here. Thank you for sharing your thoughts and explaining them so clearly. Two thumbs up!

  6. Bloggers usually are under appreciated, many thanks for making to post this.

  7. This blog has a good content. I found this on Bing search and I really enjoy reading this. I will add this to my favorites.

  8. Thanks for taking the time to share this, I feel strongly about it and love reading more on this topic. If possible, as you gain knowledge, would you mind updating your blog with more information? It is extremely helpful for me.

  9. I’m amazed of quality your blog has, kepp writing interesting articles

  10. I cannot locate your rss link, how do i signed up into it?

  11. Hello Robyn,
    If you look at the header at the top of the page, under the search bar, you will see the two different ways you can subscribe.

  12. That’s a pretty good coincidence. I work way too much and don’t make enough money.

  13. I like your blog.

  14. talented tally you carry

  15. Genuinely diggin what you’ve been posting here lately. I’d love to see you continue with a lot more of this. Bookmarked!

  16. This is really interesting. Thanks for posting it. By the looks of the comments, many others think so too.

  17. Quite nice Article and I’d like to fit this Report in my blog. OK?, Peace

  18. I have been examinating out a few of your articles and it¡¯s pretty good stuff. I will make sure to bookmark your website.

  19. Kudos for the quality piece about this.

  20. There is obviously a bunch to realize about this. I suppose you made some nice points in features also.

  21. I am totally in favor of the thread starter’s viewpoint,and I will share it with my friends, which not only increase my knowledge but also broaden my horizon. So thanks a lot.

  22. I needed to express Thank You for providing this information, youre carrying out a great job using the site…

  23. Man! It is just like you read my mind! Material know so much relating to this, just like you wrote it inside it or something. I think you could do with a few images they are driving the message home a little, besides that, this really is good blog. A great read. I will definitely revisit again.

  24. I reckon you learn some thing new everyday. Regards, Jana Botta

  25. Hello! I just want to provide a huge thumbs up for the great info you have here on this blog. I’ll be returning to your website for additional soon.

  26. Straight to the point and composed perfectly, thanks for the tips

  27. Excellent, but it would be better if in future you can share more about this topic. Keep rocking.

  28. I discovered your blog web site on google and test a number of of your early posts. Continue to maintain up the excellent operate. I simply further up your RSS feed to my MSN Information Reader. Looking for ahead to studying more from you later on!…

  29. Ive meant to post something similar to this on my webpage and you have given me an idea. Cheers.

  30. It shows how well you comprehend this subject. Added this page, is for additional.

  31. Be sure to continue the great work on posting educational and priceless informations to subscribers just like me. Absolute to be back in your website again. Thank you so much!

  32. Intresting aricles you place here.It will be helpful to find some thing concerning this topic.Thank you for tell that information.With best regards!

  33. For me it’s a truely good perspective. I meet people who rather say what they suppose others want to hear. Good and well written! I will come back to your website without a doubt!

  34. I simply added your webpage to my favorites. I really like reading your blogposts.

  35. Certainly, you can post this on your blog. Just do a link back with attributes to the author please. Thanks so much for all the good work you do also.

  36. There are certainly a lot of details like that to take into consideration. That is a great point to bring up. I offer the thoughts above as general inspiration but clearly there are questions like the one you bring up where the most important thing will be working in honest good faith. I don?t know if best practices have emerged around things like that, but I am sure that your job is clearly identified as a fair game.

  37. I’m impressed, I need to say. Really rarely do I encounter a weblog that’s both educative and entertaining, and let me let you know, you could have hit the nail on the head. Your concept is excellent; the problem is something that not enough individuals are speaking intelligently about. I’m very completely satisfied that I stumbled across this in my search for something relating to this.

  38. This is such a fantastic resource that you are providing and you give it away for free. I love seeing web sites that understand the value of providing a quality resource for free. It?s the old what goes around comes around routine. My kind regards, Page.

  39. Fantastic article, the majority of the material was rather useful.

Leave Comment


5 + 9 =