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5 Quick and Easy Ways to Create Your Packages and Price Them Right

Monday, October 21, 2024

When structuring your business packages and pricing strategy, the question of value versus time inevitably arises. It's easy to fall into the trap of pricing based on hours worked or tasks completed. However, as service-based business owners—particularly in industries like law, accountancy, or recruitment—the real value lies not in the time spent but in the expertise, experience, and solutions you bring to the table.

​In this article, we’ll explore five quick and easy strategies to help you craft packages that reflect the true value of your services and ensure you’re pricing them right. After all, clients aren’t just paying for the time you invest—they’re paying for the years of knowledge, expertise, and the results you can deliver.

1. Understand the Difference Between Cost and Value

Too many businesses focus on pricing their services based on what competitors charge, often trying to undercut the market to attract clients. However, this approach tends to prioritise cost over value, and it positions your business as just another option in the crowd.

Instead, you should focus on what makes you unique. Value is about more than just the outcomes you deliver—it’s about the specialised approach, expertise, or service that only you can offer. For instance, a law firm that specialises in a niche area of commercial litigation with a proven track record of high success rates can justify a premium price, not because they’re faster or cheaper, but because they offer an unmatched depth of expertise in that particular niche.

Your unique selling point might be a tailored, client-first approach, a history of solving complex problems, or a standout methodology that delivers superior results. These are the things that set you apart from competitors and allow you to charge a premium.

Key Tip: Don’t compete on price alone. Focus on what makes your service unique—whether it's your niche expertise, proven process, or exceptional client care. Clients will pay more when they see that you offer something beyond what competitors do.

2. Shift from Hourly Rates to Outcome-Based Pricing

Charging by the hour can undervalue the expertise and problem-solving capabilities you bring to your clients. Instead of focusing on the time spent, think about the result. Clients care less about how many hours you work and more about the outcome you deliver.

For example, an IT services provider might charge for the result of securing a company’s network, rather than the time it took to implement the solution. What matters to the client is that their systems are protected, not how long it took to get there.

Key Tip: Build packages around the outcomes your clients are looking to achieve, rather than the time spent delivering them. Clients want results, not time sheets.

3. Consider Tiered Pricing for Different Levels of Value

Not all clients have the same needs, and tiered pricing allows you to offer flexible solutions while showcasing different levels of value. Offering packages that cater to different levels of engagement or service allows clients to choose what best suits their needs and gives you the opportunity to upsell for additional value.

For example, an accountancy firm could structure its packages as follows:

* Basic: Annual tax filing and compliance support.
* Mid-Tier: Tax filing with quarterly financial reviews.
* Premium: Comprehensive financial management, including tax strategy, forecasting, and budgeting.

This gives clients flexibility and encourages them to invest in higher-value services when they see the clear benefits of doing so.

Key Tip: Offer tiered packages with increasing levels of service and clear value at each level to cater to different client needs.

4. Communicate the Value of Your Experience

Clients may not be particularly interested in how long you’ve been in business—they care about whether you have the expertise and knowledge to solve their problem. Your job is to effectively communicate how your experience makes you the best choice to deliver results. Whether you’re a solicitor, HR consultant, or accountant, your knowledge and skillset are your assets.

For example, an HR consultant can showcase how their understanding of employment law and conflict resolution helps businesses avoid costly mistakes. This depth of knowledge is invaluable to the client, ensuring peace of mind and long-term success.

Key Tip: Clearly outline how your experience translates into value for the client, reinforcing why your pricing reflects the expertise you bring to the table.

5. Don’t Underprice Yourself—Be Confident in the Value You Offer

It’s tempting to lower your prices to attract more clients, but underpricing can do more harm than good. When you price yourself too low, clients may perceive your service as subpar, which can hurt your reputation and profitability. Instead, focus on the value you provide and charge accordingly.

For example, an accountancy firm that helps businesses reduce their tax liability or avoid costly compliance issues is providing significant value. Clients are paying for those results—not just for balancing the books.

Key Tip: Be confident in your pricing. Clients who understand the value you bring will be willing to invest.

Conclusion: Price for Value, Not Time

When creating your packages, remember that clients are paying for your expertise, experience, and the results you deliver—not just your time. By focusing on value, building solutions-oriented packages, and confidently pricing your services, you’ll attract clients who appreciate the true worth of what you offer.

If you’re looking to refine your service packages or pricing strategy, book a Power Hour Coaching Session with me today. We’ll work together to create a clear, actionable plan that ensures your pricing reflects the real value you bring to your clients.







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Hi, I Am Sarah Jones

AKA The Business Fixer

Sarah is our Founder. Sarah has personally experienced the rollercoaster of business whilst running her law firm. From core marketing techniques for creating leads, converting leads into sales, to changes in technology to improve efficiency, adjustments to credit control processes, staffing restructures to name just a few. She will no doubt share with you the challenges she faced and the mistakes she made, so that you can avoid them!

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