Pricing Models for Your Service
29 Feb 2024 · 0 min
0:22
Services generate revenue three ways: billable hours, project fees, or retainers. Products are sold outright. Pick the model that matches how you actually work.
Services generate revenue three ways: billable hours, project fees, or retainers. Products are sold outright. Pick the model that matches how you actually work.
Why do some businesses have subscription pricing while others sell you the whole product? The difference between these is in the revenue model. In services, it's either billable hours, project fees, or retainer contracts. While for products, revenue is tied to the sale of goods, not directly to people's time. Do you know which revenue model makes sense for your business?
