Adventure Retreat Leader is a resource for Coaches, Speakers, Authors and Writers, Educators, Practitioners, and all Heart- and Nature-Based Entrepreneurs and Professionals. We offer teleclasses, audios, guidebooks and coaching; all designed to help you lead Outings, Adventures and Retreats in nature as a profitable part of your business.

Adventure Retreat Leader successfully motivates and trains you in the art of adventure retreat leading.

Let Us Help You ... Take It Outside!

Monday, June 13, 2011

Finding Financial Balance with Your Offering

What to charge for your Adventure and Retreat offerings is one of the hardest things to figure out.

The easy part of determining your fees is calculating your Breakeven Point. We help you do that in our Adventure and Retreat Leader training.

More difficult is overcoming any issues you personally have with money, charging others, and your worth.

Many new Adventure and Retreat leaders undercharge for their offerings in the beginning. There are a ton of reasons they use to justify doing this. Most often the reasons for undercharging have to with experience. But sooner or later, you will want to find balance and step into being a business owner. 

Once you have determined your breakeven point and you know what you NEED to charge in order to neither make nor lose money on your offering, here are some questions to ask yourself in order to fine-tune your price:
  1. What would I be willing to pay for a similar offering?
  2. Is my discomfort about charging due to my own personal financial situation?
  3. Is my discomfort about charging due to my perceived value of my offering?
  4. Is there a service I could provide during or after my offering, as part of the cost, that would help me see more value in what I have to give my participants?
  5. Are there others (past participants, friends, potential participants, etc.) who could give me feedback about my rates. 
  6. How valuable is my time? What would I be doing with my time if I did not do this offering?
Remember, just because you get a free trip out of your offering (i.e. you make enough to cover your expenses) does not mean you are in business. First find your balance and then step it up!
Post a Comment