Get Paid More – Right Now!

By Barb Wade, M.A.
Do you dread hearing the words, “So, what do you charge?” Knowing how much to charge and confidently standing behind those fees is the Achilles Heel of many entrepreneurs.

In fact, some service providers feel so much discomfort when stating their fees that they squirm, buckle, stutter, or even apologize when doing so!

But those of us who are also moms have it even tougher because we tend to be self-sacrificing. Moms are so used to giving to everyone else – our children, our spouses, the church, the PTA – that it can feel odd or even “wrong” to give to ourselves by being well paid.

Here’s a fact: a significant number of coaches, consultants, and service-based entrepreneurs charge way too little – especially if they are also moms. They undervalue their worth and are quick to discount their already low rates when asked. And many feel that making real money and “being of service” are somehow incompatible. But nothing could be further from the truth.

You deserve to be richly paid for the valuable gifts you share with the world!
Your specific expertise, knowledge, and know-how, and its ability to enhance and transform your clients’ lives and/or businesses is highly valuable. Your clients desperately need the information and instruction that you have to offer in order to solve their biggest, most challenging problems.
So why is it so hard to charge appropriately for the tremendous benefits that you bring your clients?

There are many factors that make this a problem area, including “money barriers” — both internal (in your mind) and external (real, practical issues) — that block the flow of abundance. Here are some tips to help you master your response to that dreaded question, “so, what do you charge?”

First of all, answer this question only after you have laid the right groundwork for your prospect to understand the real value of what your are offering. Some people are “bottom line” types and want to get right to the price. You can gracefully redirect them by saying “I’m happy to talk about that with you, but first I’d like to get a little bit more information about you and your needs…”

In order to command higher fees, your clients must understand the incredible results that your coaching, consulting, or service provides for them, and the impact of those results! You are not selling your “time,” you are selling the tangible and measurable outcomes that your clients will enjoy, and that will solve their biggest problems. What are those results worth to them?

Explore where your prospective client is now, and what the cost is of their current situation. Hint: That “cost” is not just monetary, but can include lost time, poor health, bad debt, missed opportunities, broken relationships, or whatever pertains to their circumstances. Then, paint a vivid picture of what is possible for them with your assistance. What will they be able to do, have, or experience at that point that they don’t now?

It’s incredibly important to have “social proof” that allows your clients to trust that you can, in fact, get them to the results that they so desperately crave. One particularly strong form of social proof is to provide testimonials from “raving fan” clients who are thrilled with your services and the results they achieved from working with you.

Another form of social proof that is equally strong is your own personal story. Were you once in the situation that you find most of your clients in, and did you overcome the obstacles you faced to achieve a significant level of fulfillment and success? Tell your story! People want to work with those that they can relate to, and who are living examples of the success that they want for themselves.

Also, cite any official credentials that you may have – degrees, training programs, certifications, etc. Anything that adds credibility will assist you in charging higher fees.

Finally, when it is time to answer the question, speak with authority and confidence. Tell them what you charge and use the word “investment” instead of cost, because no matter what the price, working with you is an investment in themselves or their business. Then be quiet! Let them think about it for a moment. It’s easy to want to start explaining or backpedaling in order to break the tension. Don’t. Wait for them to respond, then deal with any objections they may have.

Perhaps the most important factor in commanding the high fees you desire is how you, personally, feel about yourself and your “right” to be paid such amounts! For whatever reason, many women entrepreneurs in particular tend to discount what they know, and the value of that information. This is a terrible hindrance to your success!

A good strategy is to make a list of all of the contributions you have made to your clients’ lives and the results they have attained. If needed, ask your clients, friends, colleagues, mentors, business partners, and anyone else that you have worked with to tell you what you helped them experience, achieve or create.

You must also remind yourself that what comes so easily to you – either naturally, or because of years of study and experience, or from a combination – is neither obvious nor comes easily to those in your target market. Do not undermine their interest by being self-deprecating about your skills and talents – if you do, so will they!

So, in order to charge what you’re worth (and get it!), take the time to truly embrace the value of your personal skills and expertise. And then practice stating your fees with confidence and conviction.

For more information on our featured Corporate Mom Dropout visit www.barbwade.com

Having a plain-Jane blog with a few scattered keywords nowadays isn’t enough to
grab any search engine’s attention. The home-based working mom must choose her
categories and keywords carefully so her important pages will move to the head of
search engine’s list.

What categories does she choose? It depends on what her blog is about. For instance,
if she’s a life coach, and she posts affirmations often, she can use affirmations as a
category. The main thing is to make the categories reflect the subjects she posts about
most often.

Also, there should be no more than five categories, all of which must be short (two
to four words), to the point and keyword rich. Those categories have to be general
enough to have a lot of entries, however. Each category can reflect a different part of
the business. She mustn’t be whimsical about the categories; changing them means
anyone who has earmarked category will lose it. It’s better to add another category, but
not too many.

If the mom is having difficulty finding the right categories, she can go to http://
www.blumenthals.com/index.php?Google_LBC_Categories , which is a Beta site right
now, but has a search engine that offers a multiple choice of category names. Also,
http://google.com/analytics examines the Web site’s traffic so postings can be refined
to boost viewings. Warning: Google Analytics requires putting HTML code into the site,
so the working mom can have a knowledgeable person do it for her or give it a whirl
herself.

Keywords, also only two to four words, should appear in the title of the blog and in the
first sentence. They can also appear in other parts of the blog. The minimum number of
words for a blog is 250.

Remember, search engines look for pages not Web sites, so the categories and
keywords have to be so full of information that once visitors click on the search entry,
they’ll click through other parts of the site. Any mom from life coach to retailer can
maximize outreach and potential income with targeted blog categories and keywords.

We all form habits in childhood that may interfere with running a sound and profitable business.

For instance, did you procrastinate as a child, like not cleaning your room when your mom asked? Well, now you’re a mompreneur, and that nasty little habit can get you into a world of hurt in your business. You have to return phone calls promptly; you have to pay bills promptly; you have to write reports promptly. Well, you get the idea. Your livelihood depends on recognizing the habits that will hurt your business and learning a new more business-like habit.

Once you can recognize this baggage from your childhood, you can do something about it. Take a long, hard look at yourself and add up the good points and the bad. If the bad can hurt your business, be stern with yourself and start the retraining campaign. You can accomplish a lot just by taking note every time you slide back into the old routine.

Many years ago before the patches, the pills and the gum there was a smoking cessation trick that had the smokers put many rubber bands around the cigarette pack so that they were aware every time they reached for a smoke. It slowed them down enough so that they could decide whether they could do without. That’s what you need to do. Tie mental rubber bands around the bad habit, and every time you feel yourself slipping, you can stop and follow the new business habit.

Great Expectations Quiz: Lucinda Cross

Posted by Nicole Feliciano on Friday, February 12, 2010

It’s baby number three for author and blogger Lucinda Cross. Lucinda’s writing (www.corporatemomdropouts.com) focuses on Moms that have left behind corporate jobs for motherhood and are in the process of reinventing themselves. Let’s check in to see if she’s squared away in other matters of motherhood!

Click here for the her answers to the quiz