Raising Rates, Eliminating Fear, and Financial Fluency [7FMS Ep. #9]
by Daniel Patterson
When, why, and how should we raise rates for our lesson program?
You might have had a coach or business guru lean really heavily on raising rates as their primary coaching “advice” to you…
Forget that.
In today’s episode, we go deeper than “cookie-cutter” advice about raising rates.
We get into the science and systems of how to do this well.
Here’s what you’ll learn:
- Nate’s research process for raising rates at BMF
- How to use Daniel’s template for announcing a rate raise
- How to eliminate fear and confusion from raising rates by thinking like a waitress
- How to get your annual rate raise process down to a simple decision you can make in 30 minutes
- Why over-communicating your rates and policies is actually hurting you… and what to do instead
- Simple financial habits that you can put into place that will pay off over time
- Much much more
We thoroughly explore this topic in today’s episode…
And would love to hear your feedback!
You can do so by contacting us here.
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Daniel Patterson is a private teacher, writer, and marketing consultant for music schools.
He began teaching in 2004. He co-founded and led marketing operations for a summer music camp that sees over 200 children each summer.
Latest posts by Daniel Patterson (see all)
- Lessons Learned From 100 Episodes! [7FMS Ep. #100] - November 29, 2023
- How to Increase Your School’s Profit Margin [7FMS Ep. #99] - November 22, 2023
- Employee Benefits at Your Music School [7FMS Ep. #98] - November 15, 2023
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