Struggling with how to price your eCourse?
You’re in good company. It’s a struggle all online business owners face, and one that can even cause you to put off launching your product—maybe indefinitely.
Sound familiar? These pricing strategies will help:
How much do you want to earn?
Here’s the most basic idea: how much money do you want to make on your course sales? Take into consideration:
With all that in mind, it’s easier to calculate the cost of your course.
What is the return on investment?
Beyond how much you expect to earn from course sales, it’s important to consider how much your buyer stands to earn from her access to it. For example, if your students routinely increase their income by $2,000 every month thanks to your training, then it’s more than reasonable to charge $4,000 or more for your course. After all, action takers will earn back many times their investment.
How committed are your buyers?
Or more accurately, how committed do you want them to be? Generally speaking, the higher the price point, the more invested a buyer will be in:
This means that they’re also more likely to realize the results you promise, which leads to a better return on their investment. If you have the value and the case studies to prove a solid return, it’s reasonable to price your course higher to encourage commitment on your buyers’ part.
How exclusive is the content?
You might think that there is nothing you can teach that hasn’t already been done before—many, many times.
But there’s plenty that can make your course stand out from the crowd:
In the end though, deciding on a price for your course might come down to simply following your intuition. After all, you know your audience—and your content—best. Don’t overthink it, and don’t use pricing as an excuse not to launch.
There are people just waiting to work with you who will be so excited!