Utilize Your Assets to the Fullest

Jan. 15, 2011 - PRLog -- If you have not had any sort of financial training or financial advice from a trained professional, then there is a good chance that you are throwing away thousands of dollars. Chances are these thousands of lost dollars are going to such things as overpayment of taxes, overpayment of insurance, overpayment on items such as a car — and this does not even include the general cash flow mistake that many North Americans are making without even knowing it.
One of the biggest mistakes that we can make in life is not utilizing or valuing our personal assets to the fullest. Now, what does that mean?
It means that you have to fully understand and know your true value.
You see, you must know your true worth in order to carry on. It is the basis for what I am about to explain to you now.
Here is a little synopsis on how to ensure that you are getting what you truly deserve.
You need to affix a cost to your service that appropriately reflects the quality, degree of specialization, and value of your performance. You can use a combination of creativity and imagination once you fall within the general range of what others in your industry are charging.
When we analyze the benefits of high versus low pricing strategies in a service-related business, very often the higher prices have a more positive effect on sales. Buyers, particularly of specialized services, may be reluctant to display any sensitivity to your price, because they perceive the benefits of a professional/layperson relationship. This means you have a lot of leeway, as long as you can portray yourself as a specialist in what you do.
You can attract all the customers you want, but they might not feel comfortable with the recommendations you give them if they think you are discounting your services.
Your advice to clients is worth just as much as they have to pay to get it. It is a difficult lesson to learn after you launch your business, so get used to the concept now and begin applying it to your pricing strategies — and your self-worth.
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