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The right pricing can make you feel energized and fulfilled!

Pricing is often a vague, sometimes scary. But getting it right can truly feel like a weight lifted off your shoulders. In Day #2 of the Scared to Prepared Wedding Photographer challenge, we dive deep into this topic as I share my exact pricing formula with you. It’s time to start pricing for profitability and ease in your business! Want to watch the original video of this lesson and snag the accompanying PDF workbook? Join the CHALLENGE. See you inside!

Listen to this episode now:

Listen on your favorite platform: APPLE, SPOTIFY, and STITCHER.

Factors that Affect Pricing

There are many factors that will affect how you price your services. It’s important not only to use the profitable pricing formula that we will cover but to also look at the totality of circumstances and factors when making this decision. Consider things like:

  • Education
  • Experience
  • Expertise
  • Value of services offered
  • Demand
  • Time of year
  • Client Experience
  • Geographic location
  • Your competition

Steps of the Profitable Pricing Formula

In order to fully complete the profitable pricing formula, you’ll need to consider a few different numbers in your business that you should be able to track if you haven’t already. You’ll also need to spend some time dreaming about your business and what you’d ideally wish for your life to look like. Then, make sure to center your pricing strategy around that. Some numbers you’ll need include:

  • Total Projected Expenses (Fixed and Variable)
  • Target Yearly Profit
  • Income Tax Rate
  • Desired Hours Worked

The goal is to get to a place where you are not resenting your clients and respecting yourself to set boundaries for what your time is worth. This helps protect against burnout, attract the right clients, and be financially stable as a business.

Listen to the episode now to put all the pieces together and discover your ideal pricing!

**Don’t forget to download the accompanying workbook by joining the CHALLENGE.

Links Mentioned:

Take me to the SHOW NOTES (on the blog).

Sign up for my FREE 3-Day Challenge: Scared to Prepared Wedding Photographer.

Wedding Photographers, take this QUIZ and provide insight.

Follow Nichole on INSTAGRAM.

Free Resources and Tools HERE.

Shoot with Nichole at The Styled Event.

Shop Nichole’s Amazon Favorites (including gear, biz books, and more!).

Posted in: The Self-Starter Podcast

November 16, 2022

Pricing for Profitability and Ease in Your Business

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Nichole Lauren is a natural light Wedding & Portrait photographer based in Greenville, SC & available for travel worldwide.

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Nichole Lauren

est. 2015
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