How To Raise Prices & Accelerate Your Creative Business Part 1 visit: www.AccelerateYourBrand.net mike gorzeck AS A COMMERCIAL PHOTOGRAPHER for more than 25 years, I’ve had the unique opportunity to see marketing through a unique lens. I believe in times like these, your customers are more likely to stop and think before they make a purchase. They’re still buying but they’re more cautious. You know you have to work even harder to build your sales, so innovation and creativity are more important than ever. I think the key is to catch your potential customers’ attention and arouse their curiosity. Encourage them to stop and think about what you have to offer. The goal, of course is to have them purchase from you. FROM MY EARLIEST BEGINNINGS I was inspired to create poetic images that comment on life and society. But a few years after getting my BFA from the Maryland Institute College of Art, I found myself shooting pots and pans at a large production studio in Miami. ©2017 | www.AccelerateYourBrand.net I was selling my soul, but knew I was having unique experiences that would always be there at every phase of my work. I started teaching studio lighting & photography at Miami Dade College; and within a few years I was teaching full time at the Art Institute of Ft Lauderdale, (which was 24 hours per/week) giving me plenty of time to start my studio business. I OPENED IMAGE STUDIOS and begain looking for ways to get clients. I was like most photographers who were getting projects. I showed my portfolio, reached out to decision makers, and lived from assignment to assignment. MY FIRST HACK accididentally came after completing a photo shoot for a woman’s workout clothing catalog. I noticed that my client had left behind their trade-show guide. Not only did it have listings for all the companies that had set-up booths at the show - with all their contact information, it also had a (postage paid) co-op response postacrd to request marketing materials from all the companies that were listed. in the guide. visit: www.AccelerateYourBrand.net WITHIN A FEW WEEKS 83 companies had sent me (at their expense) marketing materials. that I was able to use to get to know them better, before reaching out to them. Working over the years I’ve had the pleasure of knowing many creative professionals. All too often there is one common question that I’m still asked in conversation. HOW DO YOU SELL AND GET SUCH GREAT CLIENTS? I WENT FROM being like most creative professionals watching others get assignments I dreamed of; feeling sure I could have done them better. It was challenging, but I finally had a break through, a moment of self-realization, an epiphany, that photography had to be approached with a business mindset (or any creative business for that matter). SMALL DIFFERENCES REAP BIG REWARDS The most successful people, the rockstars in a given field are not overwhelmingly better then their rivals, they just do small things a little better everyday, and it adds-up over time. CONSIDER THIS - two cars run in a car race and one car wins by a few fractions of a second. The winner may win 10x more then the second place finisher. Was the first place finisher 10x better? No, the winner only won by fractions of a second. WHY DOES THIS MATTER? If you’re able to make this your mindset, then maybe you can achieve a 2-3 percent improvement in some characteristic of your business. Can you visualize the payoff on a daily basis? What impact could this have on a monthly or annual basis? And if you can push that 2-3 percent to 10-20 percent or more, well you get the point. Having a STRATEGIC BLUEPRINT will to identify and plan where to make changes so you can monetize your efforts. At the ACCELERATE YOUR BRAND live event, I’ll be walking everyone through creating their own STRATEGIC BLUEPRINT, so when you leave, you’ll know what to do. FOR THE PAST 15 YEARS in addition to creative services, I’ve brand consulted with several large corporate clients to develop their identies through collateral materials. My participation has led to several of them growing their revenue from about 5 million to over 75 million annualy taking about a 5 year timeline to achieve this level. TODAY, I THINK OF MYSELF AS A BRAND DISRUPTOR I’m launching - ACCELERATE YOUR BRAND, the system I created for creative businesses. Im driven to share how I’ve simplified building a successful business into a step by step playbook that anyone can follow. mike gorzeck I’m also the founder of of Print Advisors, a brand consultancy.. Thanks for taking the time to get to know me, and I hope this system inspires you enough to give these practices a a try. THEY ARE PROVEN and THEY WORK Welcome | Intro ARE YOU THINKING BIG AND AIMING HIGH? Hold on tight you’re about to take-off.... Your brand needs to constantly evolve to stay ahead of the field, at the velocity essential for today’s marketing. I believe customers tell us what they want and need in their lives. If only we’d listen, because every so often something comes along and changes the rulebook. It requires in equal proportion - dazzling bursts of imagination, and fanatical attention to detail. You know the place, where the Big Picture grinds against the bottom line throwing off sparks. WHO IS THIS GUIDE FOR? If you’re building a creative business where you trade your expertise and creativity, usually in hours - time for money... ©2017 | www.AccelerateYourBrand.net ...then keep reading, You’re about to discover how brand ties into what you charge, and how improving your brand leads to being able to charge more... visit: www.AccelerateYourBrand.net PERCEIVED VALUE Accelerate Your Brand YOU’Re ABout tO discover: ...how brand ties into how much you charge, and how improving your brand leads to being able to charge more. In many ways Price comes down to the Perceived-Value of the brand -it’s public awareness, it’s public acceptance Perceived-Value is a market response to a brands acceptance. To start, the path to creating a great brand is having a mindset that concentrates on increasing it’s perceived value. simple: ©2017 | www.AccelerateYourBrand.net NOTE NOTE: How Do You Fit The SPIRIT OF A BRAND into a two dimensional image like a bill-board, a magazine ad, or even in a video or TV commercial? Understand that company so well that with a few words and images you indelibly imprint the essence of that brand in your audience’s mind. Having the right message, and defining yourself is perhaps one of the greatest challenges because defining yourself is positioning yourself. Where do you want to be positioned? I believe it takes practically the same effort to build a relationship with large client as it does for a small one... Larger customers have budgets, they often have on-going work, and typically theiy’re more educated. Unfortunately, everyone wants them as clients, but it’s worth it once you establish a relationship. There is a double edge sword if you reley to heavily on only one customer. TBD visit: www.AccelerateYourBrand.net How to Raise Prices Are You the Top-of-Mind “Go-To Celebrity” A RAINMAKER - A ROCKSTAR THOUGHT LEADER? It’s straight-forward... if you’re offering everything under one roof, and you’re the one who is doing all of the everything, it’s endless... I know if you’re busy like me, consistently finding time for marketing is demanding, but necessary... Research shows it takes 21 days to develop the mindset necessary to adapt a process for it to become a new behavior - part of you psyce and your everyday routine. Reframe and repeat. Change your routine. - follow through for 21 days, and you’re on your way to making something happen... FocusedCHANGE It can be something you do in as little as 5 minutes per/day. Creating a new mindset won’t happen overnight. Change can be unconfortable, but with repitition it becomes more clear. Accelerate Your Brand, Your’re About to Take Off. Prepare for Success... RAISING PRICES AND BOOSTING SALES ...A well executed brand brings in more revenue-profit, while creating a perception of quality and exclusivity. It begins with stepping-up your brand’s Perceived Value. ©2017 | www.AccelerateYourBrand.net What Critera Do You Use To Derive Your Selling Price? Are you like some people that use the PFA Method - stick their finger in the air to see which way the wind is blowing (Plucked From Air) I• Do you copy, and undercut your competition - to be the “low-cost leader” • Are you caught up in a saturated commoditized market? • Are you confronted with non-stop selling that results in low profits? • Which market niches do you position yourself in front of? • Who do you want to serve, and how do you differentiate yourself from your competition - are you authentic? 3 things successful Celebrity Rockstars do to EARN MORE MONEY: • Stay focused on keeping their profitable current business, • Engage in developing new customers, • Energize Yourself and be a though-leader. visit: www.AccelerateYourBrand.net What You are Selling is You ...YOUR THOUGHTS, YOUR EXPERIENCE, YOUR PROCESS, YOUR PLANS? Today most everybody is linked together on social media; as part of energized tribes of motivated inffuential buyers willing to pay a premium for the brands they identify with... You could be your worst enemy, if you don’t have the confdence to raise your price. And what’s more, if you don’t believe your worth it, nobody else will either. Warren Buffet said: “Price is What You Pay, Value is What You Get...” Make it a habit to give Value in everything you do, and people will recognize and appreciate it. The psychologically of Perceived-Value and Price is based in your reputation, and how in-demand you are at the moment, while your competition and actual selling price are less of a factor, ...because if someone wants to work with you, they’ll be willing to pay a premium. ©2017 | www.AccelerateYourBrand.net In his book “The Brand Called You”, Tom Peters wrote: “Regardless of age, regardless of position, regardless of the business we happen to be in, all of us need to understand the importance of branding. We are CEOs of our own companies: Me Inc. To be in business today, our most important job is to be head marketer for the brand called You.” visit: www.AccelerateYourBrand.net Have you Ever Fired a Client? THE 80/20 RULE: 20 PERCENT OF YOUR CUSTOMERS EQUAL 80 PERCENT OF YOUR SALES... How Supply and Demand Impact Price Define and Dominate Your Market • being able to charge higher prices means what you are selling is in-demand, • as prices go up, some clients will drop off giving you more time to develop better clients, • if there’s no demand, your price may be need to drop, • With low volume there is downward pressure to reduce prices to increase sales. Holding on to a bad customer is probably holding you back. Yes, it’s diffcult to get rid of a paying client, but if you’re not making any money from them, then what’s the point? ©2017 | www.AccelerateYourBrand.net ...And you know the ones that demand the biggest discounts, offer you the smallest projects, and take-up way too much of your time, because you never seem to make any money from them.. Sometimes You Have to Let Them Go It may be time to reset your brand... “Listen to the Market” to determine your Price Strategy. If volume goes down, you feel pressure to lower your pricing to increase sales, but is that always best? “Perceived Value” is a market response to your brand positioning. “Supply and Demand” are consumer market forces that self adjust on a continuum - a sliding scale that reacts to the balance between: “market price”, and the “quantity of something customers want to buy”. Lowering price might create more demand, but you could end up with more customers than you can handle, having cash-flow with little profit. If you have a: HIGH BRAND VALUE, YOU CAN CHARGE A HIGHER PRICE. and MAKE MORE MONEY... NOTE: If you are not getting enough business, you’re pricing could be too high, or it could be a sign that you need to resset your brand. visit: www.AccelerateYourBrand.net Are You a Commodity? DO YOU SELL TIME FOR MONEY? Let’s say you wanted to buy a business card. In today’s reality you can do a quick search on the internet, and tons of companies will popup, one offering to be cheaper then the next, and they’d all be produced pretty-much the same in scope and quality. THE VALUE OF YOU, THE VALUE OF CRAFT ...so basically your buying decision is made on price. ©2017 | www.AccelerateYourBrand.net The comnoditization of the printing industry has overflowed heavily into creative services - for very low costs, on a abudence of websites. Software is a great equalizer, but your creative mindset differentiates you. WHAT’S THE ANSWER? ...sell the outcome visit: www.AccelerateYourBrand.net Go From Being a Commodity to the “Go-To Celebrity” COME TO THE WORKSHOP JULY 25th & 26th IN JACKSONVILLE, FL ©2017 | www.AccelerateYourBrand.net Early Registration Ends June 31st Here’s What You’ll Receive for Attending: the Accelerate Your Brand 21 Step - Brand Reset System: $1,895.00 Value Strategic Blue Print: $995.00 Value Rapid Results Strategy Session: $295.00 Value Clickfunnels Workshop TOTAL VALUE: $3,185.00 EARLY REGISTRATION for two day workshop: $99.00 visit: www.AccelerateYourBrand.net
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