Should You Charge on an Hourly, Monthly or Yearly Basis? | Ep. #1109

In episode #1109, we discuss how you should structure your pricing plan. Tune in to hear how you should charge your customers. TIME-STAMPED SHOW NOTES: [00:25] Today’s Topic: Your Pricing Plan [00:30] Should you charge hourly, monthly, or annually? [00:35] When you trade hours for dollars, you cannot scale. [02:04] You just need steady income, so make sure there is a contract for at least a year, no matter how you bill. [03:05] Monthly is fine, but yearly is ideal. [03:15] If you can’t get customers to commit to a year, get them to commit to less time, but not month by month. [03:40] Neil has made money by charging an hourly rate, so it’s not a complete fail. [04:02] When you’re starting out, take whatever you can get. [04:10] That’s it for today! [04:16] To attend our Growth Accelerator Mastermind, go to the Marketing School site for more information and to apply. Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.