53. 3 Steps to Pricing Yourself for Profitability as a Service Provider

Building your own business is a journey that many women take on in either a full-time or part-time capacity. It takes courage to invest your energy, time, effort, blood, sweat, and tears into a passion of yours. Making sure you know how to effectively manage this dream is the lifeblood of your business long-term success and ensures all your hard work is rewarded.

This week on The Corporate Side Hustler, we are joined by Erica Leman of Sweet Alice Photography. Based out of Hudson Valley, NY, Erica has been in business for several years as a wedding photographer and wedding business mentor. She speaks on the value of making sure your business is properly priced in order to maximize profit. Erica touches on knowing your price points and offering tips on the ins and outs of managing a small business. This is a very enlightening conversation and one that any business owner, new or experience, can learn from!

“So many of us that are in the service industry are in it to work with others and create impact for others, not just for ourselves. And when we don’t price ourselves profitably. We don’t have the opportunity for impact because we are burnt out.” Erica Leman

Episode Highlights

Meet Erica Leman (0:23)
Finding your footing in business (2:08)
Knowing your cost (4:47)
Examining Tax Rates (7:10)
Determining how much your time costs (12:11)

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Resources

Connect with Erica:

http://www.sweetalicephotography.com/
https://www.instagram.com/sweetalicephotography/?hl=en
https://sweetalicephotography.lpages.co/get-smart/

Connect with Lisa:

https://www.thecorporatesidehustler.com/podcast
https://anchor.fm/thecorporatematchmaker
https://www.instagram.com/thecorporatesidehustler/