What to do When Someone Says, “You’re Too Expensive!”

business ethical business mindset money mindset Dec 24, 2019
When Someone Says You’re Too Expensive

Have you experienced that awkward moment when someone you’d love to help says “you’re too expensive”?  They may continue with “the cost is higher than I expected”, or “I can get the same cheaper from another practitioner”.

Then comes the uncomfortable silence.  Your heart sinks and you start to question your prices.  It’s scary and frustrating but it’s something most of us face at some point running our own business.

Pricing is such a subjective area, one person’s cheap is another’s expensive.  One client will put a huge value on your service, whereas another will see it as an extravagance, or think they can get better value elsewhere.  Personally, I don’t see a massage as a treat, but a friend of mine has one every month and absolutely loves them.  On the other hand, I see a huge amount of value in visiting my Osteopath regularly for an MOT.

Own and acknowledge

You have put in a lot of time and money to be able to offer the services you do.  To help you own your value, work out the cost and time it’s taken you to train and the ongoing costs and requirements for you being a practitioner.  This will help you to reinforce your value to yourself if you feel a little wobbly about your charges.

You have set your prices to match the value you provide to your clients.  Keep them written down and displayed somewhere so you can refer to them easily.

Don’t justify

This is where you start rambling on, trying to justify your prices.  How what you do is better and why you charge what you do, and it goes on, and on, and on.

Instead, say “you’re right, I’m not the cheapest” and wait for their response.

If they don’t see the value, you can always dig a little deeper to understand why.  They may just have more questions before they make a decision.  If they want your services but don’t have the budget right now, you could offer them other options.

It’s ok not to be the cheapest

Not every client will work with you and that’s ok.  Being the cheapest has a perceived value and you may be perceived as less effective, less experienced etc. as the more expensive options.

Part of your growth as a practitioner is to value what you do.  The value that your experience brings and the results you provide.

Have other offerings

As a practitioner, I have a number of different options for ongoing support for my clients.  There are free resources, some low-priced paid resources and there is premium personal support.  Having different options allows my clients to access support whatever their budget and I’m helping them as well as respecting myself.

In my marketing business, there are loads of clients not ready to work with me.  They’re welcome to join my email list for the latest updates and information and to help themselves to all the free articles on my website.

Think about what you can offer people who aren’t ready to pay for your services and products.  Do you have information on your website you can send them links to?  Do you give free talks they can attend?  This is where you can get creative.

If you don’t have anything yourself yet, are there useful videos or resources you can point them towards?  Being helpful, even if it’s with information from others will reflect brilliantly on you.  This person may never work with you but could still be a great ambassador for you.

Your prices are your decision

Respecting your value doesn’t mean you can’t be flexible for the right reason.  If you really want to work with someone and they genuinely can’t afford it, it’s your choice.  You can decide to offer discounts or be flexible with your service, just make sure it’s for the right reason.

The last thing you want is to take on a client and feel you’re not being rewarded appropriately.  This will cause you to feel frustrated, which will affect your ability to do your best.

If you're struggling with your pricing, book a discovery call with me and find out how I can help you.

Are you struggling to find clients for your holistic business?

Join me for a quick chat and find out how I can help you