Are you a Rock Star Pricer?

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Quiz Questions

1.
What is your hourly rate?
- A.
  $150/hr or less
- B.
  $150/hr or more
- C.
  I don't bill by the hour
- D.
  I rarely charge by the hour
2.
What is your daily rate?
- A.
  $499 or less
- B.
  $500 - $4999
- C.
  $5000 - $9999
- D.
  $10,000 or more
- E.
  I don't have a daily rate
- F.
  I don't know what a daily rate is
3.
Do you offer retainer services?
- A.
  Yes
- B.
  No
- C.
  I don't know what retainer services are
4.
How do you charge?
- A.
  I have a flat rate for my services regardless of the client
- B.
  I charge based on each project for each of my clients
5.
What was the average price range of your last 3 contracts or engagements?
- A.
  $100 - $499
- B.
  $500 - $1499
- C.
  $1500 - $4999
- D.
  $5000 - $14,999
- E.
  $15,000 - $49,000
- F.
  $50,000 - $99,999
- G.
  $100,000 or greater
6.
What is your minimum level of engagement (MLOE)?
- A.
  $499 or less
- B.
  $500 - $4999
- C.
  $5000 - $9999
- D.
  $10,000 or more
- E.
  I don't have a minimum level of engagement (MLOE)
7.
Do you have any productized services?
- A.
  Yes
- B.
  No
- C.
  I don't know what a productized service is
8.
What was the price of your last eProduct sold?
- A.
  $499 or less
- B.
  $500 - $999
- C.
  $1000 or more
- D.
  I don't have an eProduct
- E.
  I don't know what and eProduct is
9.
How many pages is your proposal?
- A.
  1
- B.
  2-5
- C.
  6-9
- D.
  10 or greater
- E.
  I dont have or use a proposal
10.
Do your proposals include a single price?
- A.
  Yes
- B.
  No
- C.
  I dont have or use a proposal
11.
How many price options do you include typically in your proposals?
- A.
  1
- B.
  2
- C.
  3
- D.
  4
- E.
  5
- F.
  6 or more
- G.
  I dont have or use a proposal
12.
When pricing based on the results, outcomes or value to your clients, what percentage of this is your fee based on?
- A.
  5% - 10%
- B.
  11% - 20%
- C.
  21% - 40%
- D.
  41% or more
- E.
  I don't charge based this

Quiz Outcomes

1.
The Garage Band
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Congratulations you are just getting started, and your sound and stage show is not perfected. You can't sell out a show and are having trouble getting people to show up to your shows. Some of this is caused by your bass player not knowing any other notes on his bass guitar other than an open E chord. You are charging by the hour and/or have not moved away from hourly billing. You have tremendous potential to increase your value and the prices you charge by incorporating the following: Remove hourly billing from your pricing structure Implement additional pricing strategies such as daily rates, retainers, and billing by the project Your proposals may be very confusing to your prospects Stop selling to your own wallet and undervaluing your services Want more pricing strategies? 👇👇👇
2.
The Club Headliner
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Congratulations you are starting to making some noise on the club circuit. Record Companies are starting to take notice. A&R executives are beginning to show up at your shows, and there’s talk about a record deal in the near future. You rarely, if ever charge by the hour but have not incorporated some of the other pricing strategies that would increase your value and the rates you charge. You have the potential to increase your value and the prices you charge by incorporating the following: Moving entirely away from hourly billing if you have not done so already Incorporate more pricing strategies such as daily rates, and billing by the project Consider more retainer arrangements and establishing a MLOE Start using and/or simplifying your proposals with 3 pricing options Want more pricing strategies? 👇👇👇
3.
The Arena Opening Act
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Congratulations you were just asked to be the opening act for a major US tour. You’r image is polished and have a very professional sounding band. This is because your band recently signed a recording contract with a major label, and has a few hits on the radio and new video thats getting heavy rotation on MTV. All the hard work is starting to pay off. You have moved away from hourly billing, you have incorporated daily rates, retainer agreements and charge by the project. With a few adjustments you have potential to be a Rock Star Pricer by incorporating the following: Increase your rates by looking at the value your services are actually providing your clients look for more outcome based opportunities Simplifying your proposals using a one page proposal with 3 pricing options Want more pricing strategies? 👇👇👇
4.
The Rock Star
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Congratulations you are a Rock Star Pricer! You rock it, selling millions of records and headlining sold out arena’s! Everyone wants your autograph and tells stories of how they knew you when you were an unsigned garage band. You bring tremendous value to your clients by focusing on the value you bring to them and have a great mix of productized and customized services. Your rates and compensation are based primarily on the results and outcomes you bring to your clients in value. To keep the show going strong, consider the following: Price each client not your service Continue to price based on value Increase or base your rates on the percentage of the value your products and/or services are providing to your clients Want more pricing strategies? 👇👇👇

Are you a Rock Star Pricer?

Consultants, Freelancers, Coaches, and Solopreneurs Click Below To Find Out How Your Pricing Stacks Up!(includes actionable steps you can take to increase your rates)

Quiz Questions

Quiz Outcomes