Priest River, ID Community

Mikelann Valterra
Mikelann Valterra
Director, Women's Earning Institute-- Conquering Underearning!
Seattle, Washington
Posted by Mikelann Valterra, Seattle, Washington | Apr 20, 2007

Subscribe to Community-wide general discussion How to Set and Raise Your Rates Seminar, for women

Hi Gals, On Friday, June 8th, I'm doing an all day seminar on how to set and raise your rates, in Seattle. The link is here: http://www.womenearning.com/how-to-set-and-raise-your-rates-with-confidence/

Sorry guys, this seminar is for women only. It is best for women who want to explore both the emotional side of charging people money as well as the practical side of HOW to do it. And it's for women who charge primarily for a service, not a product.

I've had several people ask me to post this, so here it is. Yeah Biznik!


9 Bizniks have posted replies

  • Giannina Silverman
    Posted by Giannina Silverman, Seattle, Washington | Apr 20, 2007

    It seems like everyone is craving this topic!! Thanks Mikelann!!!

  • Chris Haddad
    Posted by Chris Haddad, Seattle, Washington | Apr 20, 2007

    Hmm. I do look great in a dress. I bet I could totally pass.

  • Cere Davis
    Posted by Cere Davis, Seattle, Washington | Apr 21, 2007

    Shoot.

    Well, I'm a woman, but I need more stategic advice on how to get a raise rather than change my rate at the moment.

    Post again when you have a seminar more apropos to the worker bees of the world and I'll totally show up.

    :) -Cere

  • Ingrid M. Alvarez
    Posted by Ingrid M. Alvarez, Brooklyn, New York | Apr 22, 2007

    Wow, this sounds right up my alley!

    This would totally help me in business interactions, as well as art-related transactions. Thank you, Mikelann, I'll let you know if I can attend!

  • Mikelann Valterra
    Posted by Mikelann Valterra, Seattle, Washington | Apr 22, 2007

    Let's see here-- no men in drag allowed. (But Chris, I suspect you would look fabulous. I've never met you, but I'll try to picture that when I do.) Cere, here is a link to my book excerpt on the six steps to asking for a raise. (Maybe I should make this it's own post.) http://www.womenearning.com/resources/free-articles/get-a-raise/ It might help some salaried people out there. Sometimes I teach salary negotiation, and I love teaching negotiation skills in general. This particular seminar is obviously really focused on self-employed women. I love working with women on money issues! Yeah for more money!

  • Rev. Elke Siller Macartney
    Posted by Rev. Elke Siller Macartney, LaConner, Washington | Apr 23, 2007

    Danke Shoen, Mikelann! Some thoughts on the subject from an old timer:

    I was just talking with a colleague up here in the Northlands of Washington state (She is in Bellingham) about this very thing. Even after being in business for 23 years, I still sometimes have problems asking for...oh you know what: $$$$, money, denero, the "Energy Exchange."

    Our conversation yesterday was a good one: she asked how much do I charge for weddings (I am a wedding officiate, among other things), and I stated my price--$300 and up, depending on location-- and she was shocked. "I only charged $150!" she said. I told her my price includes two planning sessions, unlimited negotiations over the phone, typing out the service and placing it in a keepsake book....It breaks down to about $50-60 an hour, which is way reasonable.

    I asked her how many hours she spent on a recent wedding...and as we talked, she realized she spent close to 8 hours in all...so that is $150 divided by 8, which is approximately $18.75 an hour, excluding gas money, etc. I said if she was comfortable with that, great. But I am not, as my experience should be compensated for: I put on beautiful weddings! She has a lot to think about now.

    Also, I provide a very special and unique service called Aura Portraits, a two hour spiritual reading and water color painting of a person?s energy field. I talk about what their purpose in life is all about ,and life trends, and etc...it is a life changing event. But at first, 16 years ago, I had no idea what to charge. Over the years, I have found whenever my rates go up to meet what I feel I am worth, my business increases! Very cool. I now charge $225/portrait in-office and $250 + if I have to travel a bit. Very few people balk at the price, But if they do, I will negotiate as much as I can: I?ll take payments, knock off a few $$ for low income, etc. I do the same for spiritual counseling and every other service I might provide: charge what I feel my time and energy is worth. It works for me, and here is the gift: I find that those who want to afford my services support those who cannot.

    One more thought: About exchanges: people, a lot of people, want to do a service exchange with me...Right now I would have an over abundance of massages and pedicures to schedule in, and no money in the bank or to feed my family if I took on all of those exchanges. I rarely do them. What are your thoughts on service exchanges?

    I will see if my friend and others can make the class. I am busy that day, but thank you, thank you for offering! Elke

  • Mikelann Valterra
    Posted by Mikelann Valterra, Seattle, Washington | Apr 23, 2007

    So many great thoughts! I especially liked it when you wrote: ?Over the years, I have found whenever my rates go up to meet what I feel I am worth, my business increases!? I have found that too. We have to charge what we are really ?worth?, but that can be a catch-22. What do we think we are worth? There are several ways to get at that. One ?rational? way is doing the research?finding out what others charge who do similar work. This is very eye-opening for people!

    Part of this comes down to ?life-energy?. When your colleague figured out, with your help, what she was REALLY making, I suspect she was quite chagrined. That is a lot of work for $18.75/hour! Asking ourselves what our life-energy is really worth brings the conversation to a different level.

    Regarding trades. I rarely do them. If people trade, I recommend they do them dollar for dollar, so things are fair. If a consultant charges $120/hour and the massage therapist charges $60/hour that would be one hour of consulting for two massages. But do you really need the two massages? For a while, the only trades I took where trades that helped with my business bottom line, like marketing help. But too often trading is another way of discounting our services. I?ve also noticed that when professionals do a lot of ?bartering?, it can be because they are uncomfortable with dealing with money.

    A lot of this goes into boundary work, and how we train other people (clients) to treat us and vice-versa. Money creates a nice professional boundary when done right.

  • Banu Sekendur
    Posted by Banu Sekendur, Clearwater, Florida | Apr 23, 2007

    What a wonderful vision and a mission you have! It was about time someone took the lead on the topic "women&money" besides Suze Orman! ;-) I can't wait to attend your workshop! ~banu

  • Hannah Albert ND
    Posted by Hannah Albert ND, Seattle, Washington | Apr 28, 2007

    Hi Mikelann,

    I've read your book (well, most of it anyway) thanks to it being loaned by Ruby G. It's been burning into the back of my brain ever since. I notice you offer seminars pretty frequently and I'd like to attend one soon. I won't be able to make the next one as I'll be out of town...but keep us posted!

    thanks, Hannah

This forum is unmoderated, but please keep discussion courteous and not too far off topic.

Members posting in this topic

Post tags

  • Add tags to make this topic more relevant.