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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 _reply 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. _reply 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? _reply 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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