Opportunity in Artificial Intelligence

Welcome to the first edition of San Diego AI Worldwide leaders

Detailed profile of Mitchell Bennett

Who has launched San Diego Artificial Intelligence Worldwide leadership

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Charging different rates based on the size of the business and the industry makes sense, as their needs and potential value from your services will likely vary.

Here are some additional thoughts on your pricing strategy:

Tiering your model: You could consider further refining your tiers by looking at other factors beyond just company size and industry. For example, you could have separate tiers based on:

• Revenue/profitability: Companies with higher revenue or profitability might be willing to pay more for premium services.
• Complexity of business: Businesses operating in complex or highly regulated industries might require more intensive support, justifying a higher fee.
• Individual needs: You could offer customized packages with varying levels of service to cater to the specific needs of each general manager.

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Value-based pricing: While your size/industry model is a good starting point, remember that ultimately, clients make purchasing decisions based on the perceived value they receive. Consider incorporating elements of value-based pricing into your model, such as:

• Demonstrating ROI: Quantify the potential benefits your services can bring to the general manager's business, such as increased revenue, improved efficiency, or reduced costs.
• Testimonials and case studies: Showcase success stories from past clients in similar industries to demonstrate the tangible impact of your services.
• Offering additional incentives: Go beyond basic advisory services and provide additional value such as access to exclusive resources, industry connections, or networking opportunities.

Testing and refinement: Don't be afraid to experiment and adjust your pricing based on market feedback and your own experience. Regularly track your results and monitor how different price points resonate with your target audience. This will help you refine your model over time and find the sweet spot that maximizes both your value proposition and your revenue potential.

Remember, the key to success is finding a pricing strategy that reflects the value you offer your clients, is competitive in your market, and allows you to achieve your business goals.

I hope this further advice helps you refine your pricing model and find the sweet spot for your retained advisory services!

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Detailed profile of Mitchell Bennett

In edition you can both follow our website or join our group in these two links below.

San Diego Artificial Intelligence Worldwide leadership

The official group