Katie McManusKatie McManus · Practical Business Strategist Empowering Mission-Driven Entrepreneurs

3 reasons why you should charge more for your services! #businesscoaching #entrepreneurship

Name: 3 reasons why you should charge more for your services! #businesscoaching #entrepreneurship
Uploaded: 2025-05-05T21:18:07+00:00
Duration: 1 min 12 s
Channel: Katie McManus
Description: A short YouTube coaching clip by Katie McManus urging service providers to raise their rates. She lists three reasons: higher prices attract more…

5 May 2025 · 1 min

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1:12

A short YouTube coaching clip by Katie McManus urging service providers to raise their rates. She lists three reasons: higher prices attract more committed clients, higher-priced clients refer similarly-priced peers, and charging more creates bandwidth to offer affordable options (scholarships, group programs) to others. She illustrates the third point with a numeric example: needing $10,000/month, handling 10 clients, comparing charging $1,000 each vs. charging five clients $2,000 and using remaining capacity to offer lower-cost options.

Questions this video answers

Katie McManus

May 5, 2025

$10,000 a month

10 clients a month

$1,000 a month

Chapters

Here are three reasons why you need to charge more for your services. I'm Katie, your practical business coach and new business owners work with me so that they can leave their corporate nine to five and replace their six figure income. Number one, when you charge more, you attract more committed, serious clients who will not waste your time. Number two, you're going to get better referrals because the clients who are willing to pay those higher rates are friends of the people who are also willing to pay those higher rates. And number three, by charging more, you actually make it easier for you to make your work more affordable to others. Yeah, I know that doesn't sound like it makes sense, but it does. Hold on. Let's say that you have to make $10,000 a month to make ends meet. Let's also say for the sake of math that you can only handle 10 clients a month. One option is you could charge each and every one of those clients $1,000 a month to make your 10,000. Another option is you could charge five clients $2,000 a month and then either have scholarship options available for everyone else. You could roll out a group program you could do so many different things with with that extra bandwidth to make your work more affordable to the people who can't afford to work with you but who desperately need your help. Now go raise your rates. Send this to someone who needs to hear it and like and follow for more tips and tricks like this.