The perils of pricing

I don’t know about you other #solopr folks, but trying to figure out pricing is tough. When I started Communication AMMO five years ago (holy mackerel!), I set pricing based on the agency SVP/Partner model. Some friends at a couple of agencies reviewed my CV and said that would be where they would bill me, were I working there.

The squishy thing was, a) there was a wicked huge recession on, and b) the whole “hourly” billing didn’t really apply to the initial project work. I did some math (one day planning session and $X, plus Y hours of writing the plan and Z hours of back-and-forth) and realized to make anything close to a living, I’d need a lot of planning sessions.

So I started thinking about value, the value of more than just the time, but of the years of experience. I looked back at when I’d worked for Joe Williams and what he billed for my time, and billed accordingly. ┬áThen, when I started teaching, I learned my value was about $0.30 an hour (but I love it and am grateful for it!)

Ha-HA!

So, now there’s a chance I’ll be teaching a couple of days of master classes, and trying to figure out that billing has twisted my little grey cells into a knot. I want to do it, it’s a not for profit sponsoring it…

Thoughts? Thanks!

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