If you really want to build a lasting business revenue stream, you need to create product/service offerings that give your clients lasting results. A offering package is more than a one-off product/service; it could be similar product/services packaged together and delivered over time.
Long-Term Benefits for Your Client
Since we’re talking about lasting results, it’s only natural that longer-lasting packages offer more revenue for you. They also make the client commit and go a long way toward building a relationship between the two of you, which leads to greater satisfaction and a good opportunity for testimonials or referrals.
When designing a product/service package, consider what kind of long-term benefits you can offer someone. How can you help them with your expertise? You should also consider the length and frequency.
Marketing Your Package
When talking about your package, always describe the value it offers the customer just as you would a regular service. Emphasize the benefits over the features. Explain to them what they’ll be able to do when the consume the package, or tell them in concrete terms how it has helped other clients of yours.
Also, you should tell them specifically what it entails. Mention exactly how many products/services are within the package and the or the exact length of the period of time for them to consume the package. This lends you credibility and also helps to set realistic expectations for them.
Pricing Your Packages
The best way to price a package is to look at your revenue goals. Decide how much you need to earn in what timeframe, and price your product accordingly. If the price you come up with seems a bit high and you’re not confident telling it to prospects, here are some things to remember:
- Your package offers concrete results. It helps the prospect solve a problem they’re facing. What they’re buying isn’t the products or services, but the results and changes in their life that it will deliver.
- Keep in mind the unique value of your service and the expertise behind it. You have things to teach your prospect through the package and this adds value to it.
- Be excited about the package yourself. When you’re energetic and excited about the offering, you’ll find it much easier to communicate this to the prospect.
Finally, keep in mind that you can adjust the price later. If you find that people aren’t buying, it means you’ve priced it too high or you need to ramp up your marketing. But one bit of good news here is that most entrepreneurs tend to under-value their offers.
Serving, Not Selling
By offering a high-value package, you’re not just lining your pocket with a steady stream of income. You’re offering a unique solution to your prospect. You’d be doing them a disservice if you didn’t help them work on their problems over the long-term with an offer like this.
If you really want to know how to turn prospects into buyers, check out our course, How to Convert First Time Buyers into Customers for Life. The course teaches you a system to do it step-by-step with learning activities and templates you can use.