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Transcript of Spirituality in Business - Pricing Your Services
Spirituality in Business: Pricing Your Services
Table of Contents
About Mark Silver – Founder and Healer .................................................................... 4
Can You Make Your Business Work Without Crushing Your Spirit? ................................ 5
Raising Your Prices without Breaking Your Heart ........................................................ 7
The Wackiness of Resonant Pricing ......................................................................... 10
Whether or Not to Publish Your Prices ..................................................................... 12
When Making a Profit Feels Greedy and Selfish ........................................................ 14
Mixing Spirituality and Business .............................................................................. 19
Legal Disclaimers
All contents copyright 2012 by Mark Silver and Heart of Business, Inc. All rights
reserved. No part of this document or accompanying files may be reproduced or
transmitted in any form, electronic or otherwise, by any means without the prior written
permission of the publisher.
This ebook is presented to you for informational purposes only and is not a substitution
for any professional advice. The contents herein are based on the views and opinions of
the author and all associated contributors.
While every effort has been made by the author and all associated contributors to
present accurate and up to date information within this document, it is apparent
technologies rapidly change. Therefore, the author and all associated contributors
reserve the right to update the contents and information provided herein as these
changes progress. The author and/or all associated contributors take no responsibility
for any errors or omissions if such discrepancies exist within this document.
The author and all other contributors accept no responsibility for any consequential
actions taken, whether monetary, legal, or otherwise, by any and all readers of the
materials provided. It is the reader’s sole responsibility to seek professional advice
before taking any action on their part.
Readers results will vary based on their skill level and individual perception of the
contents herein, and thus no guarantees, monetarily or otherwise, can be made
accurately. Therefore, no guarantees are made.
4 Spirituality in Business: Pricing Your Services - http://www.heartofbusiness.com/new-here/
Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
About Mark Silver – Founder and Healer
Mark is a fourth-generation entrepreneur who has run
a distribution business, turned around a struggling
non-profit magazine, and worked as a paramedic in
the San Francisco Bay Area.
He is the author of seven different in-depth programs
and a number of other smaller teachings and classes
for entrepreneurs. Together they form a
comprehensive entrepreneurial wisdom academy
curriculum.
A designated Master Teacher (“muqaddam murrabi“) in his Shaddhilliyya Sufi
lineage, Mark is currently studying for his Masters of Divinity with a specialty
in Ministry and Sufi Studies.
As a coach, consultant, mentor and spiritual healer, he has facilitated more
than 2000 individual sessions with entrepreneurs and has led hundreds of
classes, seminars, groups and retreats. His weekly writings and teachings are
followed by thousands of people around the globe.
He lives in Portland, Oregon with his wife Holly, twin sons Sam and David,
two cats Rafi and Kira, and all the rain you care to soak up.
5 Spirituality in Business: Pricing Your Services - http://www.heartofbusiness.com/new-here/
Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
Can You Make Your Business Work Without Crushing Your Spirit?
This is the question, isn’t it? I mean, mixing spirituality and
business; that seems like such a fantastic idea, doesn’t it?
Sure. From a distance.
Because when you get closer, it always almost looks like the need
for money and making money wins out over spiritual and ethical values.
You know there is no such thing as “get rich quick”- and you know you’re not afraid
to show up and do the work that needs to be done. Yet you might be trying to find
your way, and, just maybe, having a hard time balancing your practical needs with
your spiritual ones.
So, you might be wondering: “Can I really build a business that makes me money
AND fulfills my spirit?”
And, I say to you, the answer is, unequivocally, Yes.
I’m Mark Silver, the founder of Heart of Business, where we’ve been putting money
and spirit into the mix since 2001- and thousands of heart centered business owners
have tested our ideas, so we know they work.
Here’s What We Can Do For You
Share effective business practices. Our clients get clients, make money
and thrive. Sometimes this process is quick and clean, sometimes it’s messy
and takes a bit longer, just like life. But, with the right perspective, it’s always
interesting and you can get there too. Imagine having a business that is filled
with clients and money.
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Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
Provide a real spiritually-based perspective. Remember how I said that
how you view your business is a matter of perspective? Well, our perspective
is based on a 1400 year old unbroken lineage, where we have our own
teachers keeping us humble and honest. You’re not going to get made up,
off-the-cuff, fly-by-night spirituality here.
Demonstrate ethics. It seems like it should go without saying, but spiritual
presence doesn’t always mean ethical practices. We’re ethical. If I write more
trying to convince you how ethical we are, then it would come out sounding
strange. Just know that I care more than I can express that my kids- and
yours- be proud of what we’re doing.
What do you get?
Is it time you joined over 7000 heart centered micro business owners who are
seeking to build a business that thrives, is ethical, and spiritual?
Would you like to receive heart-centered, spiritually-authentic and down to earth
business advice delivered right to your email every Wednesday.
http://www.heartofbusiness.com/new-here
As a special “thank you” for taking action today, you’ll also get a 3
chapter workbook, “Getting to the Core of Your Business,” that will help
you change your perspective so you can create a bigger, better business
that is also spiritual and ethical.
And it goes without saying (though I’ll say it anyway)- I’ll never share,
rent, sell, or trade your information without your consent.
7 Spirituality in Business: Pricing Your Services - http://www.heartofbusiness.com/new-here/
Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
Raising Your Prices without Breaking Your Heart
After you've been in business for a while, you start thinking
about whether you should raise your prices. Sometimes this
happens when one year ends, and another is about to begin.
Other times, this happens when you realize that you've been
working for the same rate for a certain number of years, and
you're thinking it's time for an increase.
It can be an agonizing question. You want to be paid an amount
that feels good and supports you well, but you also don’t want
to alienate people or shut down your business.
And it’s not an idle question. You can raise your prices too much and see “die off”
from your active customer list. By the same token, you can continue to underprice
yourself, and that keeps people away, too, and may keep the wolf at your door.
What to do? What to do?
A Few Words about Pricing
One of our most popular and most-referred to articles is on pricing. So, let me add a
few more eye-opening thoughts that should make this whole process much easier.
First, raising your prices is inevitable. Maybe not every year, maybe not even every
other year. Are you paying the same price for shoes that you did in 1984? Prices go
up.
I’m also guessing that you may not be taking into account the true price of your
offers. One client realized she was only accounting for her time in front of a client,
and not on the administrative time required, the marketing time required, and prep
8 Spirituality in Business: Pricing Your Services - http://www.heartofbusiness.com/new-here/
Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
time before and after the client, the continuing education of her own self-
development, etc. For every client hour there were 1-3 additional hours needed to
really care for that client.
Okay, I think you’re getting it. You probably know whether your prices really need to
inch up a bit or not.
And if it’s A New Offer?
A client was about to launch a new offer, and we were talking about it the other day.
She was struggling with how to price it because it was radically different than any
other offer in her business.
I told her to 1) make it easy for new people to buy and 2) make it significant enough
of a price so that it felt good and she could keep offering it.
Comfort and stretch.
If it’s a new offer you’ve never made before, find the price you’re comfortable
offering and stretch just a little bit. My experience has been that the price you are
completely comfortable with in theory will probably feel too low once you actually
start engaging with paying clients.
So stretch a little bit to avoid needing to raise your prices two weeks later.
A Little Pricing Trick
There are pricing ranges, where one price feels very similar to another. For instance,
whether I spend $16 or $19 on something won’t really affect my purchasing
decision, but the extra $3 multiplied by 10,000 sales may help out the business
tremendously.
Similarly, a massage that is price at $80 or $95 is a very similar price to the buyer,
but to the massage therapist, that $15 per client, times 30 sessions in a month,
times 12 months means an extra $5400/year.
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Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
You can jump from one price range to another, for instance from a $65 massage to a
$110 massage, but that would require a step up in your marketing and how you
describe your service.
As you sense into your next price, see how far you can go in your own heart while
staying within the “price range.” It’s all a little subjective, so don’t worry about hard-
and-fast lines, they don’t exist. Just feel into it.
Time to Tell the World
Of course, telling your clients about it is a different story. But, they may already
know.
And you? Is it time to raise your prices or are you happy with them?
10 Spirituality in Business: Pricing Your Services - http://www.heartofbusiness.com/new-here/
Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
The Wackiness of Resonant Pricing
Havi today posted about resonant pricing, and how she had
adapted our Your Right Price exercise to her and Naomi’s own
ends. It’s an amazing little exercise, and in the spirit of
generosity, I thought I’d post the pdf for anyone to download.
Your Right Price pdf.
The design of the pdf is a few years old- I’d love to update it and prettify it, but the
information is rock-solid. It’s an excerpt from the larger Guidebook, which has what
used to be all and is now just many of our foundational teachings in it.
What you’ll need to use it.
You’ll need some way to go inside and check your heart. I have a method called the
Remembrance, which is a Sufi spiritual practice that anyone can use. It’s very
simple, and you can get our free workbook that has a complete how-to of it here:
Getting to the Core of Your Business. (It also includes the fabulous Unveiling Your
Jewel exercise, which is finding your uniqueness, your USP, in an unassailable, non-
gimicky way.
If you don’t use the Remembrance, use another method of accessing your intuition,
your heart, your deep knowing. It’s also incredibly helpful to do the exercise in a
group. As Havi described in her post, and as I did in the comments to her post, it
really builds your confidence to hear other people reflect your resonant price back to
you. You can learn to trust it that way.
Just my gift to you, prompted by Havi’s wonderful description.
And, as a ‘nother little gift, here’s a teaching I did on why buying or selling
something is NOT a transaction, and why it’s okay to “sell” something as sacred and
beautiful as the amazing work you do.
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Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
Sufi Teaching on Pricing (mp3). (An excerpt from a past six-month Opening the
Moneyflow Course.)
Enjoy! And let me know if you have any questions, problems, or pushbacks.
It IS pretty wacky spiritual stuff.
12 Spirituality in Business: Pricing Your Services - http://www.heartofbusiness.com/new-here/
Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
Whether or Not to Publish Your Prices
In The Business Oasis, our online business community, one of
the members wrote: “I am unsure if it’s a good idea to include
my fees in my brochure and on my website.”
Good question: do you or don’t you include your price? If you
don’t include pricing, are you being coy and deceptive? Or, if
you include your pricing, will someone who’s interested say
“No” before they even have a chance to consider?
What happens when someone sees your price.
Well, what happens when you see a price? The price brings the whole idea of
whatever the offer is into concrete, grounded here-and-now-ness. You see the price
and all the dreams of what it will be like to have whatever the offer is, suddenly
become real.
The price represents a choice point.
When you are reading a website, brochure, or what-have-you, you may not be ready
to make a choice. And so when the price pops up, it’s reminding you that the choice
is waiting.
Remember that the moment of purchase is a sacred moment- it’s a moment of great
intimacy. Someone is giving to you, and you will be giving to them. Instead of them
receiving your marketing, perhaps anonymously, suddenly it becomes a two-way
relationship. That’s increased intimacy.
When someone is considering increased intimacy, they tend to have a lot of
questions, and they want those questions answered before saying ‘Yes.’
13 Spirituality in Business: Pricing Your Services - http://www.heartofbusiness.com/new-here/
Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
Sounds like a great argument for hiding your prices?
Except it’s not. You see, if someone isn’t ready to make a choice, they’ll just glance
at your price, take it in, and file it away for when they’re ready.
But, if someone IS ready to make a choice, or even just moderately close to ready,
and your prices are hiding, there is no choice point. No here-and-now-ness to your
offer. Your reader will begin to wonder: “What are they hiding? Can I afford it? Are
they just trying to get me to call so they can do the hard-sell on the phone?”
The price is actually a lightening rod.
So, what happens in a prospective client is they have questions pop up while they
are reading about your offer. Then, if those questions aren’t answered in your
writing, the pressure builds. And builds.
And when the price pops up, all of that energy jumps, just like a bolt of lightening.
It’s another one of those ‘both-and’ situations.
Yes, publish your prices. AND make sure you’re answering as many questions as
possible.
Is that it? Just always publish your prices? What do you do?
For instance, I may have a question about looking foolish in an art class.
But, do I want to admit I’m worried about looking foolish? Maybe not.
And, if not, then it’s much easier to say: “Well, heck, I ain’t payin’ that
much for an art class.” When, that’s not actually true at all- I may well pay
that, or more, for an art class, if I know I don’t have to look foolish.
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Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
When Making a Profit Feels Greedy and Selfish
On the surface it seems absurd. Of course it’s okay to have
some money for yourself. It’s okay to take care of yourself.
It’s okay to make a profit.
And yet when it comes time to actually collect enough money
from your clients and customers, you balk. By “enough” I
mean an amount that’s actually fun and full-feeling, instead of
scrape-by-just-enough-ish. You give discounts. You give pro
bono work. You give away the farm.
Because maybe it’s not okay to have more than just enough,
when so many people have so very little.
What’s true about this whole profit thing?
Honoring Your Heart
I always like to start with acknowledging a truth: our global and local economies
have tremendous injustices built into them. The power and reach of industrialized
nations is built on wealth stolen from other parts of the world that remain
impoverished and in debt. In our communities there are many people who have
tremendous access to money living their lives side-by-side with folks who are
homeless and having trouble keeping themselves fed and clothed.
My heart aches remembering these realities, as does yours, I’m sure. Your impulse
to not want to profit off of other people’s pain is completely appropriate, and needs
to be honored.
It becomes even more complicated when you enter the picture.
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Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
Life Is Expensive
In western culture our lives cost a lot. Owning a home, raising kids, and running a
business runs the expenses up quickly. Add to that the rising costs of food and fuel
over the last two years and bare minimum living expenses seems uncontrollably
high.
The trouble of course is that there are some choices you can’t easily make. The way
a city is designed effects whether your family needs a car or not. Doing the right
thing and buying food that is sustainably grown costs a lot more than the
commercial, non-organic version.
It’s a heart-tussle for sure. I remember back in college living on very little money,
and I’m shocked at the difference twenty years of inflation and rising responsibilities
and expectations cost.
And you want to pay for a yoga class on top of that? Oy…
Stop! Just Slow Down a Moment…
The chaotic, frenetic state that can start to spin when you try answering the ills of
the world and your own financial needs is not helpful. First stop. Take a gentle
breath. Return to your heart.
In returning to your heart, bow your head in humility. I don’t know why the world is
in such a crazy mess. I don’t know why reality is the way it is. And I surely don’t
have the power all on my own to make everything all better.
The first step in healing is acceptance of what is. It’s such a simple step, and yet so
hard to face. Homeless on the street, the cost of living, the amount of money you
need to be comfortable. And when did “comfort” become a dirty word?
Acceptance… This is how it is right now.
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Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
Instead of giving into the frenetic resistance that your ego wants to jump into,
working through a thousand item to-do list trying to make it all better, notice the
grief you may have in your heart for how things are.
That grief is helpful. The frenetic chaos isn’t. Through grief one can find acceptance
and even love. Once you touch into acceptance and love, you’ve got access to some
righteous power to make a difference in this world of ours.
Grief and acceptance isn’t collapse. It isn’t saying you don’t want to help make
things better. It’s just facing the truth that the river has already flowed this far, and
this is where we are now.
Standing in the here and now is the most stable, powerful stance you can take.
And about that profit?
Acceptance of the World Includes You
When you’ve discovered that you need a certain amount every month to be
comfortable, then that’s what you need. That’s what is. If you have the chance to
bring that much in through your business, that’s fantastic.
To ask for and receive enough so that you can be cared for and have a stable
foundation under you is so critical. Without comfort, without a little ease in your life,
without stability, it’s really hard to access generosity and creativity.
And without generosity and creativity, it’s hard to fully serve others.
My Advice: Get Comfortable First
If you’re concerned about whether you’re taking too much, I want to first encourage
you to reach a level of acceptance and comfort in your monthly needs. Catch your
breath. Pay your bills. Take that yoga class.
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Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
If what you offer to people is honest and of service, if people are benefitting, then
accept the gratitude and support that comes your way. You give your all to your
clients, allow your clients to give similarly to you.
Take a moment to notice your heart. How does your heart feel about receiving as
much as it gives? How does your heart feel to be included in the flow?
After Comfort Comes Sufficiency
Once you’ve worked on your business and you’ve become comfortable with asking
for more money, then things become easier. You reach a level of comfort, the panic
stops, and you catch your breath.
Now that you’re in more flow, you can start to ask yourself “how much is enough?”
The CEO of Whole Foods realized one day that he had more money than he needed,
so he reduced his salary to $1 a year.
Whatever you may think of Rick Warren, the evangelical Christian author and pastor,
when he started making much more money than he needed, he started “reverse
tithing.” He began donating 90 percent of his income and keeping 10 percent.
Paula, who cuts my hair every four weeks because, you know, I’m just not a hippy,
hasn’t raised her rates in years. She tells me, “I could, but, hey, we’re making plenty
of money. I don’t need any more, so why should I raise my rates?”
Notice that all three of these people made their decisions after they had attained
some level of comfort.
Now It’s Your Turn
When you are doing honest work in the world to serve others, it’s okay to be
included in the flow of giving. Please don’t take on trying to solve all the worlds ills
by refusing to let your clients and customers experience the generosity of giving to
you.
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Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
I realize it may not be as simple as this because of the emotional baggage we carry.
Yet if you can shift from frenetic fixing to grieving, and if you can find acceptance of
your need for comfort, you might find more spaciousness to ask for and receive a bit
more than you have been.
Once you find comfort and catch your breath, you can decide on how much is
enough.
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Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.
Mixing Spirituality and Business
What do you get?
Is it time you joined over 7000 heart centered micro business owners who are
seeking to build a business that thrives, is ethical, and spiritual?
Please visit http://www.HeartofBusiness.com/new-here and enter your name
and email, and you’ll get heart-centered, spiritually-authentic and down to earth
business advice delivered right to your email every Wednesday.
And, as a special “thank you” for taking action today, you’ll also get a
3 chapter workbook, “Getting to the Core of Your Business,” that will
help you change your perspective so you can create a bigger, better
business that is also spiritual and ethical.
Join over seven thousand other heart-centered business
owners who also subscribe.
http://www.HeartofBusiness.com/new-here
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Copyright © 2012 Mark Silver & Heart of Business, Inc. All Rights Reserved.