Are You Making This Pricing Mistake?

Hypnotherapy Marketing PlanHow do you sell to your customers? Here is what I generally see when I visit other therapists websites. There will be a price per hour charge that is offered to most customers for general problems and then sometimes a more expensive price for stop smoking sessions or perhaps weight loss. That is it! No thought has gone into the packaging of these prices and how you can use price to make additional profits. Remember in order to really boost your profits you need a decent Hypnotherapy Marketing Plan.

So lets start with the basics. Offering a bog standard one off price for most of your sessions makes no sense whatsoever. You need to start thinking about what a customer is worth to you in monetary terms and how you can make additional profits by manipulating your price points. A single price per hour does not do very much towards making this happen.

For example you know that a weight loss client who needs to lose five stone will need to see you for multiple sessions in order to see real results. Offering them one session at a time is sending out totally the wrong signal to that person. It gives some people the impression that just like Harry Potter you are going to magic away their problem in one hour and you know that is not going to happen. When you advertise like this the client is going to be disappointed when they don’t see miracles happening after that first session and they will not bother to return. This is a wasted opportunity on both sides and therefore you need to create a better strategy to prevent this from happening.

Hypnotherapy Marketing Plan

Now if you were not aware most businesses create a three tier pricing structure for their products in order to maximise their revenue. You will have seen it everywhere but probably not noticed it or thought about apply it to your hypnotherapy marketing. Ever gone on to a website and been offered a bronze, silver or gold package for software? Or perhaps you were booking a flight and you were given the option of economy, business or first class? When you start looking out for this three tier pricing model it will become obvious how retailers and service providers are squeezing extra profits from their clients.

So how does this model apply to your hypnotherapy marketing plan. Well lets look again at the issue of weight loss and how your pricing could be adapted to this model. You can now tier your services so that you can move your customers into different pricing brackets.

Package One – Offering a three session suggestion hypnosis package. No frills, no in-depth analysis of why the client is overeating but three sessions of suggestion to motivate them and get them on track.

Package Two – A six session plan offering more interactive sessions involving regression and parts therapy to really find out why your client has the problem. Once the reason for the problem is found you then work on resolving that issue with more complex hypnosis procedures. You could even throw in the extras such as NLP, CBT or any other therapy that you would find useful.

Package Three – A ten session plan offering the deluxe, all singing all dancing weight loss support. Daily check in’s on email plus a full audio program and eBook. Nutritional support and exercise plan (bought in from other practitioners) and so on.

How Three Tier Pricing Will Transform Your Hypnotherapy Profit

Now you have no need to see a person for a one session wonder again. They are barely worth it to you financially. Instead you are arranging to see your clients for a minimum number of sessions to reach their goal. How you create these tiers and differentiate them is entirely up to you. What I have placed above is purely an example of what can be done so feel free to come up with your own versions. That weight loss client who rings you will now have a much better understanding of what may be necessary to really achieve their goal. By understanding they need to commit to a program of sessions means they will no longer be disappointed with a one off session. It also means at the very least you are getting to see those clients for a minimum of three sessions.

But things get better! It is a well known psychological fact that most people do not like paying the lowest price for goods and services. In their mind it means that they are getting poor value or a product that will only do part of what they need. A prime example of this is wine in restaurants. Most people will opt for a mid price bottle rather than go for the cheapest especially if they are trying to impress a date! That means that a good percentage of your clients will opt for the second package of weight loss support rather than the cheapest. This means that you can expect to earn five times more than you did with your one session wonder.

By having a three tier pricing structure you are also preventing people from trying to haggle down your prices or asking for discounts. As there is already a lower price option there is nowhere for them to negotiate down to and so those time sappers no longer even bother to ask the question. There is also the upside. Even though most of your clients will choose tier one or two there will be a small percentage who go for the full on 10 session mega package. Why? Because they like to buy premium products (the best TV, mobile phone etc) and so when it comes to weight loss they continue to want the most expensive product. That now means that you have potentially got some clients staying with you for weeks and months filling out your appointment diary in a much simpler way.

You Can Have a Successful Hypnotherapy Practice

If you really take the time out to analyse your business you can see that using this one tactic can alter your entire hypnotherapy marketing plan and your bottom line. Even better this three tier pricing policy can be applied to almost all of the treatments that you have on offer. By being smart about how you offer your products you can increase your profits substantially. So take the time out and really think about how you can apply this methodology to your business and watch your profits begin to rise substantially. Alternatively if you would like a little extra help you can purchase my eBook from the online store today or contact me for more details on my hypnotherapy marketing mentoring sessions.