Pricing Strategy 3 – Value Based Pricing

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Pros and cons:
Pros :
It encourages efficiency; you receive a flat fee, so you are encouraged to finish the project quickly without worrying about tracking every hour.
It ensures that both you and your customer receive predictable income.
Cons :
The risk of underestimating the scope of the job or unexpected complications could lead to the feeling that you are being underpaid for your time spent.
Tips for Success:
To avoid the risk of underpricing, always clearly define oman whatsapp number database deliverables, timelines, and expectations in a contract. Also, include a buffer for unexpected challenges (for example, revisions or additional requests from the customer).

What Is It:
Value-based pricing is a strategy where you set your prices based on the value you deliver to the customer, rather than the time or effort spent on it.