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I niche down and understand what my customers want. I set reasonable prices for the size of customer I want ($1-$10M ARR B2B SaaS) and the kind of results I can
by kareemm 4y ago
I niche down and understand what my customers want. I set reasonable prices for the size of customer I want ($1-$10M ARR B2B SaaS) and the kind of results I can deliver and post them on my site[1].
When I get an inbound request we're not even talking price because anybody who contacts me has seen them. I'm leaving money on the table but I don't want to spend time negotiating, it lengthens the sales cycle.
I don't do custom work until a second phase. The phase 1 service I offer goes through my standardized process so I know how long it'll take to deliver. There's very little variance which makes it easier for me to know my cost to deliver.
Phase 2 (wireframes) can be custom but by that point I have a lot more context on what I need to deliver, how long it'll take, and how much it's worth to the client. If they're asking about phase 2 it means I've proven myself and the negotiation is short because we've built trust.
I tracked time for the first couple of projects because I wanted to see how long they took to deliver. So now I know my effective hourly rate.
1- https://www.reemer.com/services/ https://www.reemer.com/services/
- anonymouse008 4y agoSo is publishing content your “hook” or are you going to conferences and making connections first?
- kareemm 4y agoI had a decent network when I niched down so emails to friends + family generated some jobs which resulted in word of mouth referrals. But email everybody who you think might be helpful - a lawyer friend of mine referred his friend that makes software for lawyers who needed my help. 2nd degree referrals can be great! Content has also worked but production has admittedly been anemic. Mostly because I've been so busy.
- irrational 4y agoWhat does "niched down" mean and how do you "nich (niche?) down"?