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Fri, 29 Mar 2024 16:37:39 -0700
Andy from private IP
/all
I raised my hourly rate and I get more calls, not less calls
This is the weirdest thing. I was like: "IDGAF, I'm raising it to $750 because
IDGAF anymore, I am going crazy here." And more people called. I also added a
helpful gauge on my website showing my availability and current hourly rate.
Why do more people call when the rate is higher?
https://www.andrewwatters.com/law/
#LawFirm
Sat, 30 Mar 2024 06:03:20 -0700
Andy from private IP
/all
This is crazy and, I assume, a partial refutation of price theory. Does price
theory hold that there is a window where a higher price shows higher quality and
therefore captures a different portion of the market?
The first clients at the new rate called the same day I increased it, and are
coming in Monday for their first appointment. Lol.
Tue, 02 Apr 2024 06:28:12 -0700
2tierreality from private IP
/all
Are your typical clients the "money is no object" type of people, or are they
still working from a budget, even if it is a large one?
Tue, 02 Apr 2024 07:34:32 -0700
Andy from private IP
/all
They are always working on a budget, even if it's a large one. The typical
client is a successful small business owner or professional, and they earn a lot
but don't have a lot saved (or don't want to spend their saved money). So I
gather they are counting on the fees not being more than a certain amount per
month.
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