November 13, 2020

Labor Is Expensive

Making stuff is laborious.

Whether it’s coding a web app, writing a white paper, shooting a wedding, or roofing a garage, implementation is a lot of work.

Which means that the lowest price you can set for such a service is still going to be pretty high.

And adding a profit margin on top makes your pretty high price even higher.

This presents the professional laborer with a problem:

“How do I find clients who will happily accept my really high prices?”

This is a tough question to answer.

But there’s another way to think about the problem that sidesteps it completely:

“How can I package my expertise at a lower price but a higher profit margin?”

This is a much easier question to answer.