S1 E10 - How to Price your OT Product or Service
"How do I set my prices for this?" is one of the most common questions that every OT business owner asks me. Which is good, because pricing is the #1 lever that influences your profit. Every coach will automatically tell you to raise your prices (which, of course, I do too), but how to do this in an ethical way, that is fair to both the therapist AND the client?
In this episode, I share the 3 steps you should take to nail that price, and do it with honour and morality.
Episode Notes
I discuss:
- 2 types of pricing: values based and competition based
- what's the #1 factor you should consider in setting your price?
- the systemic undervaluing of OT professionals, and what to do about it
- why I don't want you to be like McDonald's
- do you offer a higher value service than what you give yourself credit for?
- why pricing brings up your crap and how to move past that fear
Episode resources:
- OTs Get Paid podcast S1 E3
- OTs Get Paid podcast S1 E4
- OTs Get Paid podcast S1 E5
- Melissa LaPointe
- James Wedmore - James Wedmore Training
- Rachel Rogers
More resources: https://www.trishwilliamsconsulting.ca/podcast-resources
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