How & When To Raise Your Rates (The 3x Rule)
ฝัง
- เผยแพร่เมื่อ 22 ก.ค. 2024
- How to raise your prices and change your rate.
Maybe you're just starting out, or maybe you've been in the creative field for a while, but the one question people always inevitably come to is - When is the right time to raise my price? In this excerpt from one of his talks at Adobe MAX 2022, Chris gives you the simplest formula to know when to raise your prices.
Save $5 off your first "Sizeless Shirt" from Sene
senestudio.com/thefutur
#sponsored
Want a deeper dive? Typography, Lettering, Sales & Marketing, Social Media and The Business of Design courses available here:
thefutur.com/shop
🚀 Futur Accelerator
The step-by-step blueprint and coaching program designed to get your creative business off the ground:
thefutur.com/accelerator
🥇 Futur Pro
The professional creative community designed to grow your personal brand, your business, and your network:
thefutur.com/pro
✍️ Other Courses, Templates, and Tools:
thefutur.com/shop
🎙 The Futur Podcast:
thefutur.com/podcast
Recommended books, tools, music, resources, typefaces & more:
thefutur.com/recommendations
Music by Epidemic Sound:
share.epidemicsound.com/thefutur
Shorts Playlist:
www.youtube.com/@thefutur/shorts
==
We love getting your letters. Send them here:
The Futur c/o Chris Do
1702 Olympic Blvd.
Santa Monica, CA 90404
*By making a purchase through any of our affiliate links, we receive a very small commission at no extra cost to you. This helps us on our mission to provide quality education to you. Thank you.
-
Host: Chris Do
Producer: Mark Contreras
Cinematographers/Editors: Rodrigo Tasca, Richy Ramirez, Stewart Schuster
Futur Theme Music: Adam Sanborne www.adamsanborne.com
Typefaces: Futura, DIN, Helvetica Now, Calibre, Knockout, Champion Gothic
00:00 Are you charging enough?
00:33 How I raised my rates
01:19 When to change your rates
02:26 Sponsors
03:24 Raised your rates too high?
04:03 Create more value
"You're either growing or you're dying." I've been increasing my rates by just 10% every year. You're really opening my eyes!
Read somewhere:
“It’s actually more dangerous to not rise your prices because in that case you’re heading for burnout”
TeXtMe DiReCtLy🤙🤙..
I'm in love with these old format videos. Thanks
What do you mean old? Like straight to camera?
@@thefutur I mean, it reminds me the old time with the aiga conference back in the time. Its cool
Listen that last part about growing your value hit home for me. I've always been raising my prices each year, including eliminating a lower priced service that TBH wasn't worth the offer. I'm a wedding planner and I charged $3800 for my lowest service, day of coordination but by the time I it's all said and done it wasn't the best service to offer. I stopped offering it the past 3/4 months I've noticed i don't get inquiries for my full service planning. I've already decided to add more value so watching this video is the boost I needed! Thanks, Chris!
You got this.
@@thefutur thank you so much! I'm keeping my head up, it is scary, but I'm optimistic!
Mom I made the cut 😂
you did! good questions make the cut.
This is so true! I'm actually doing the same technique at this moment. Last week I learn this valuable lesson stop saying that people won't pay you more, if you know you're given quality. Give your honest price to them and then listen. This has been a mind-blowing experience for me. Thanks for always sharing awesome content. I have learn a lot, thank you. 🇯🇲💖
Thank you 🙏
I've missed your whiteboard sessions!! I love your interviews and guest presenters, but let's be real...I really come here for Chris Do wisdom!
TeXtMe DiReCtLy🤙🤙..
I love your long form content alot. keep uploading:))
Thanks
Great content as usual! Thank you Chris.
Thank you 😊
In this very situation now and this video couldn't be more apt with the timing.
TeXtMe DiReCtLy🤙🤙..
I love you Chris! Seriously I do because you inspire me and make me feel big because we are all big from inside
Thank you 🙏
TeXtMe DiReCtLy🤙🤙
Love this!
I didn't know about this rule Chris! Thank you very much for the examples given! You read my mind, by the way! I am seriously thinking about this too! To offer my services at an ok price compared to what is on the market!And not cheap 😋😋
TeXtMe DiReCtLy🤙🤙..
This was great! Thanks!!
TeXtMe DiReCtLy🤙🤙..
This is so smart! Never looked at it this way.
TeXtMe DiReCtLy🤙🤙..
Watching from Toronto
TeXtMe DiReCtLy🤙🤙..
Brilliant, loved this Chris!
Thank you
TeXtMe DiReCtLy🤙🤙..
❤ Hmm this is a good formula to follow. Thank you for sharing. ❤
TeXtMe DiReCtLy🤙🤙..
Thank you. I need to value my services much higher
Wow.goldmine it was🔥
Thank you!
Love this 3 yes rule. Thank you so much billion times Chris for your priceless tips 🙏🏻🙏🏻🙌🏻🙌🏻
TeXtMe DiReCtLy🤙🤙..
We need the full whiteboard session!
TeXtMe DiReCtLy🤙🤙..
Great tips!
TeXtMe DiReCtLy🤙🤙..
Even when Chris promotes a product you still have the opportunity to learn from it XD
Thanks a lot.
TeXtMe DiReCtLy🤙🤙..
Hang on a second, he had me till right at the end
1. If you're getting mostly yes' you're not charging enough or you doing to much
2. Raise your price after 3 yes'
3. If you're now getting more no's than yes', then you need to do more and bring more value
So aren't we back to square one now? I'm confused
Yes, it's a cycle. If you want to keep charging more you have to keep growing and giving value. When you start to get more no's it's your signal to evaluate yourself and your offer and work to push it forward until you start getting yes' again and keep the cycle going.
Gary, we can't assume everyone who watches the video will always get a yes. so if you're not getting a yes, then it means you need to upskill and close the gap between your skill and your rate. hope that helps.
Exactly Daniel.
Did I just see a cheeky affiliate ad in there?! 😄
100
I plan on rising my rates up to not next year but the year after next
Catchy thumbnails....drew 1 in, even out!
TeXtMe DiReCtLy🤙🤙..
is the full version available somewhere ?
No. Not yet. This wasn’t even planned. We just started rolling cameras.
Nice
I didn't get it, is it 3 yes without no? or 3 yes in total after increasing the price?
If clients keep saying yes it means you’re not charging enough
ty
You're very welcome
🔥🔥🔥🔥
🔥🔥🔥🔥🔥
This is great. Can we see the whole talk?
this was an impromptu conversation. more segments coming.
@@thefutur sounds great. Thanks for all the content always. 🙌🏼
Man, that sales pitch though :) You could sell Beijing Corn!
Haha 😂
I want to increase my rate from $30 to $40/hr and I know the clients that I will keep and the ones I will lose.
👏
TeXtMe DiReCtLy🤙🤙..
Baseddddd
Перевожу. Чел рассказывает про три правила Adobe:
1. Покупаешь популярное бесплатное приложение (например Figma) и делаешь его платным.
2. Купленное приложение должно постоянно обновляться - медленно и с багами.
3. Приложение должно стать многофункциональным и с кучей ненужных функций, работать медленно и требовать ресурсы.
Дизайнеры привет 😏
TeXtMe DiReCtLy🤙🤙..
Want @Alex hormozi on show chris!
Yes
Nice
TeXtMe DiReCtLy🤙🤙..