Category Archives: Money Moxie & Financial Mojo
5 Confidence Crushing Pricing Mistakes That Are Costing You Big Time!
Your pricing is your announcement to the world of your confidence in your skill-set.
So Why do so many of us struggle with putting a dollars sign on the value of our services?…
Most people make several mistakes when setting a price for their services or programs.
Mistake #1. Add up the costs of delivering what they sell and add only a small fee (for themselves) on the top of that.
Mistake #2. They figure out how many hours they will need to work to deliver the service and simply set the price based on that.
Mistake #3. They look at what everyone else is charging and set their price roughly in the same ball-park.
Mistake #4. They create a new product, program or service, outline or create the content, then jump straight to pulling a price out of thin air.
Big mistake!
Not one of those methods accounts for the value of the impact your working with the client will have on them; how they will be better off after using your services.
Huge Mistake #5. Talking yourself out of client’s paying you and assuming that you can’t charge more than a certain – usually pretty low – amount for what you do and that your audience won’t pay more because…
… Because that’s how things are in your market, area, city….yada-yada-yada!
… Because nobody charges more for this kind of work!
… Because nobody makes a lot of money in your line of business.
Etc., etc…. blah, blah, blah! You add your own “excuse” to this list!
Confidence Boosting Pricing Secret Sauce…
Many entrepreneurs provide only one option for prospective clients and prospects can take it or leave it.
Let’s be clear, most people will leave it and that will leave you feeling inadequate and unsure of you ability to effectively offer the results you know in your heart that you can offer.
I don’t want that for you. Today, I’m clear that you’ve got to offer options so your clients can find a place to fit into to solve the problem they have using your products, services and systems.
If you want to attract more prospects and turn them into clients who pay, you’ve got to give them a few different options – people LOVE options because they feel like they are in control of the buying decision.
When I began to offer a few different options, I began to sign up more and more clients for my programs and I know you can get excited at the thought of doing the same.
Here’s my #1 Confidence Boosting Pricing Recommendation:
Offer different price points of service so there is one for every budget. BAM!
Every business has three types of customers: customers who want discounts, regular folks, and customers who want the red carpet treatment.
When you add a red carpet option, you’ll find that most people will avoid it. You’ll also find that people will avoid your cheapest option, too.
Why?
When people buy products and services they avoid the extremes (the cheapest and most expensive) and settle for the middle ground.
All you’re really doing is ensuring that your pricing caters to each customer segment. That way, my lovelies, no matter which option they choose, it’s okay!
Here’s Confidence Boosting Pricing Recommendation #2
You want to use a clear process that reliably uncovers exactly what your unique brand of transformation is worth to your clients… and what it’s worth to YOU!
- The transformation that your clients want in their lives – the results!
- The cost of not making a change
- What will unfold for them as a result of making that change
- What that’s REALLY worth to them, in dollars
Once you have all of that information, you can confidently set a fee that your
clients will gladly accept. And it will likely be much, much higher than what you’re
charging (or can even imagine charging) now.
Of course, you MUST believe in your new fee, 100%. That’s why if you want to confidently price your programs and services and earn what you deserve, you’ll also have to work on YOURSELF, too.
You’ll be amazed at how following these simple fixes will dramatically boost your confidence, your bank account along with it, and ultimately grow your business.
Would you like to reprint this article?
All we ask is that you use this byline:
Shameca Tankerson is Founder of Stiletto Wealth Society, a global community Dedicated to Empowering Women Entrepreneurs with Bold Breakthrough Business Strategies to Uncover their Flow Factor™, Gain Confidence they can Cash In, and leverage it to Create an Amazing Life and Business.
She is passionate about empowering women who find themselves playing small and are deeply and secretly scared of showing up as POWERFUL, DYNAMIC, and CONFIDENT to courageously own “who they be” and leverage it!
You know You’re Playing Small When….
So, what happens when you dim your light? 
In the infamous words of Marianne Williamson:
We ask ourselves, who am I to be brilliant, gorgeous,
talented and fabulous?
Actually, who are you not to be?
You are a child of God.
Your playing small does not serve the world.
There’s nothing enlightened about shrinking so that other
people won’t feel insecure around you.
We were born to make manifest the glory of
God that is within us.When you let your light shine, you unconsciously give others permission to do the same.
Real Truth: you never reach your true potential and you seldom change the lives of others. You wander from one thing to the next, never really settling on what you should be doing to leave a legacy because you’ve decided that being who you were created to be isn’t really all that great, and that somehow if you downplay who you are, you will help more people.
Am I describing you?
Here’s My Question; Why did you become an entrepreneur and start your own business if you weren’t going to shine?
Real Talk: entrepreneurship takes guts. Guts to move when everyone else is saying stay. Guts to invest when others are holding on tightly to their wallets. Guts to lead when everyone else is falling into the crowd. You have to be willing to lose when others are winning.
So, why do so many entrepreneurs play small? Doing just enough to get by instead of going big?
It’s because they are fearful of what others will think of them when they win. Or, it’s for fear of what they will think of themselves.
I know you’re saying, “No, that’s not me,” but isn’t it?
You hold back on your gifting and don’t figure out how to make it work by investing in yourself because the thought of winning, of succeeding, scares the bejesus out of you!
Then there are those of you who believe that you are playing big, doing everything you know to do so that you can grow your business yet it’s not happening.
What’s your problem?
You see, abundance flows freely in situations and circumstances when we are transparent and open to receiving all the gifts that God and His abundant universe have for us.
DO YOU DO THIS:
(Pay attention to the list to see where you are downplaying your God inspired gifts and worth because it’s time for a Stiletto Step Up as, as we call it in the society)
1. When someone gives you a compliment, you say, “Oh, that, that was nothing.” Instead of taking a bow and just saying thank you.
How do I know?
Because I use to do the same thing. The thought that someone wouldn’t like me if they knew how good I was at whatever it was made me want to appear less great. You do realize that it’s very easy to just say thank you. It makes the giver of the compliment feel good because they were able to give you something that was received.
2. Not charging what you’re worth or not charging at all. You don’t charge what you know you should for fear that they will not pay you and you have come to the conclusion that some income is better than none so you charge less and feel horrible about it.
Whenever you don’t get paid what you’re worth, you are not able to give freely unto others. You perform the task they underpaid you for with disdain and that shows.
3. Not investing in yourself or your business. When you don’t invest it’s for one of two reasons:
one, you’re fearful about the financial commitment or two, you believe you know it all and don’t need help.
We all need help. There is no such thing as a self-made millionaire. We all need others to achieve our goals and dreams. If you could do it by yourself, it would already be done.
I dare you to ask a millionaire if he became one all by himself. Ask one and I bet you he will name the countless people who aided in his journey.
4. Not accepting gifts. By not taking a gift that someone is giving you, you are bringing more strife into your life. The flow of abundance stagnates as soon as you don’t accept it. Remember giving and receiving are spiritual foundations.
5. Not accepting an opportunity. When given an opportunity based on something you’ve asked for but you don’t take it for fear of failure or success, you are downplaying your God Inspired gifts and you magnificence which means that you really want to remain the way you’ve been. Change or growth is really not your desire, which means you are lying to yourself and more importantly to God.
6. Withholding. This is the big one. Examples of withholding include not tipping your waiter or waitress accordingly when out to eat or my favorite: not being your best at all times – a true downplay. Holding back who you are and what you are capable of because you fear that others will judge you.
So how do you stop downplaying who you really are, Stiletto Step Up, and start experiencing true abundance?
Own it. As they say, “ownership is 9/10th of the law.”
When you completely, fully own who you are and what you were created to do by taking personal responsibility, you get to enjoy the law of circulation and all of its fruits in your life consistently.
Ownership is serious. In fact, it’s mandatory if you desire to play big and help others to experience transformation through you.
Ownership is about developing, mastering and implementing the mindset shifts and beliefs that exhibit power in all areas of your life.
When you develop the confidence and poise to trust what you’ve been given to share with the world, by saying an unequivocal yes, you start to experience the benefits of ownership. And I, for one, believe that ownership has its privileges.
TAKE ACTION:
1. List all of the ways you have been downplaying your God inspired gifts and worth.
2. Get clear on the reasons why you have chosen those self-sabotaging behaviors.
3. Ask yourself if there is any evidence to support why you have been behaving this way?
4. Now that you are aware of the ways you have been downplaying, create a plan of how you will stop downplaying immediately going forward.
5. When you are allowing abundance to flow into your life and business, what will your life and business look like? Describe what you want instead.
6. How does this vision make you feel?
GOT QUESTIONS?
OR
NEED SUPPORT FINDING YOUR FLOW FACTOR?
BEGIN HERE!
Would you like to reprint this article?
All we ask is that you use this byline:
Shameca Tankerson is Founder of Stiletto Wealth Society, a global community Dedicated to Empowering Women Entrepreneurs To Get Bold and use Breakthrough Business Strategies to Uncover their Flow Factor™, Gain Confidence they can Cash In, and leverage it to Build an Amazing Life and Business.
She is passionate about empowering women who find themselves playing small and are deeply and secretly scared of showing up as POWERFUL, DYNAMIC, and CONFIDENT to courageously own “who they be” and leverage it!
3 Reasons To Play Bigger In Your Business By Using Your Strengths
I’ve been busy working on a program to help you understand how to become better money makers in your business based on your strengths.
Too often, we try to build our businesses using our weaknesses which then breeds resentment, anger, worry, doubt, frustration and shame. All this drama keeps us stuck and operating at a level that’s beneath us.
That’s why it’s so important to align with the gifts that God has given to you. This includes how you make money.
Here are 3 reasons why it’s so important to focus your energy on making money using your God Inspired gifts, talents, and natural strengths.
1. We start making more money
When we start to appreciate what we’re good at and stop focusing on what we’re terrible at, money looks different. We begin to see money as what it is – just paper – and can better embrace our role as money creators.
2. We are more confident
Making money in business involves marketing, sales, accounting, fulfillment, customer service, and technology. That’s a lot to do. When we focus on the area we’re good, we are freed up to hire the right people and implement the right processes to help us in the areas we’re weak.
You don’t ignore your weaknesses – you just boldly choose to stop trying to fix it and use your energy on the parts of your business you’re really good at.
3. We find our F.L.O.W. Factor™
Discovering, monetizing, and leveraging the worth of your gifts will give you the confidence of Knowing that you can excel as a business owner, releasing the chains holding you back and turning your disappointments and mistakes, into tangible wealth.
You begin to see that there’s nothing wrong with you – you simply need to adapt your business model to mirror your natural strengths.
TAKE ACTION:
Grab a pen and paper. Now, Think back over your entire life. Write down what you have consistently been great at, as well as past skills you were recognized
for and what you did really well as a child – – especially the things
that were considered odd, unusual or that you were scolded for.
Here are some questions to get your started….
1. What did you love to do as a kid
2. What did you do well growing up that seemed unusual or unique?
3. What comes so easily to you, just like breathing?
4. What are you doing when others tell you it is a pleasure to watch you working?
GOT QUESTIONS?
OR
NEED SUPPORT FINDING YOUR FLOW FACTOR?
BEGIN HERE!
Would you like to reprint this article?
All we ask is that you use this byline:
Shameca Tankerson is Founder of Stiletto Wealth Society, a global community of women Dedicated to Empowering Women Entrepreneurs To Boldly Step Into Their God Inspired Purpose, Courageously Expand Their Wealth, and Discover & Leverage Their Intrinsic Worth in a way that Leaves an Undeniable Imprint on the Earth.
She is passionate about empowering women who find themselves playing small and deeply (secretly) scared of showing up as the POWERFUL, DYNAMIC, CONFIDENT women they are.
Use Your God Inspired Gifts To Unleash Financial F.L.O.W
Here’s the simple truth – God has assigned a portion of His abundance to you. You can tap into God’s sufficiency by using your natural strengths – and not your weaknesses – to increase your income, impact, and influence.
But you can’t do so with the same thinking that created the money drama you’re in today. So, how do you make a significant shift in what you do, how you think and what you say so you can Unleash Financial F.L.O.W. in your life and business?
The fastest way for you to find your F.L.O.W. as an entrepreneur is to focus on your strengths.
Successful entrepreneurs focus only where they are strong and unsuccessful entrepreneurs try and do it all themselves.
Stop ‘Trying’ so hard…
“If you are doing anything that feels like hard work, you are already doing the wrong thing”
Creating an amazing business isn’t about fighting yourself and trying to suppress your natural behavior. If that were true, the wealthiest people on the planet would have quit when they first became millionaires rather than still playing the game their whole life.
The real trick is to maximize your natural strengths, talents, and gifts. That way you will always have the energy and the drive to stick through the challenges (and EVERY business building strategy throws up challenges that are designed to weed out the people who are just chasing the money).
Take Action….
HERE ARE 4 STEPS TO UNLEASHING FINANCIAL F.L.O.W. IN YOUR LIFE AND BUSINESS….
STEP 1 – Find Your Gift… Discover your true worth and God inspired purpose, the mess in your message, your unique brilliance, & ideal client ( your Flow Factor™) and brand it.
STEP 2 – Let Go … Eliminate the Beliefs, Obstacles, Lies, and Doubts that are placing limits on your income, release emotional baggage around past mistakes & decisions, and break free of behaviors and habits that sabotage financial success.
STEP 3 – Own It … Get Bold! Position yourself as the authority and the only obvious solution to your client’s problem. Engage in activities that Increase your confidence and eliminate the fear that’s holding you back so you can benefit from your Flow Factor™, cash in on your confidence and shift the way you grow your business.
STEP 4 – Work It …. Leverage your Flow Factor™. Transform you God inspired gifts, talents, and strengths into Powerful new ways to package, price, and position your services so you can make more money with less effort.
GOT QUESTIONS?
OR
NEED SUPPORT FINDING YOUR FLOW FACTOR™?
BEGIN HERE!
Would you like to reprint this article?
All we ask is that you use this byline:
Shameca Tankerson is Founder of Stiletto Wealth Society, a global community Dedicated to Empowering Women Entrepreneurs To Get Bold and use Breakthrough Business Strategies to Uncover their Flow Factor™, Gain Confidence they can Cash In, and leverage it to Build an Amazing Life and Business.
She is passionate about empowering women who find themselves playing small and are deeply and secretly scared of showing up as POWERFUL, DYNAMIC, and CONFIDENT to courageously own “who they be” and leverage it!
3 Essentials for Managing Your Money
If budgeting and preparing expense sheets sound like tasks only an accountant would do, think again. Keeping track of your personal finances – even if you have an accountant – is important to your financial future.
It not only gives you a keen awareness of your money situation, but also increases your chances of making smart spending and investment decisions.
Following these crucial tips will help you create a secure financial future for you and your family.
Spend Less Than You Earn
DUH…RIGHT? Although this tip sounds straightforward, you may sometimes find it daunting to actually put it into practice. However, reevaluating where you’re spending money can really help you to live within your means. and help you live within your means.
This is one of the first places we start with members of Stiletto Wealth Societies Money Talk Group. I help members find their necessity number. This important first step will help you determine the current state of your personal finances.
Make Your Money Work For You
This can be as simple as taking advantage of the compound interest offered by most savings accounts.
Making sound investments can help increase your annual income over 5%. You don’t need to invest aggressively to get this kind of return, either. Ask friends and family for referrals to trustworthy brokers to help you get started.
Protect Your Money
You MUST have a plan to protect your assets in case something unforeseen happens. There’s nothing worse than working hard for your money and then losing it due to poor planning.
Beware of any instant growth opportunities or investment clubs that promise overnight fortunes. These may include seminars with “self-made millionaires” that pressure you into signing up with a program that might not be a legitimate source of income. Take the time to research investment opportunities before you commit your money to them.
Knowing how to manage your money is a fundamental aspect of any successful long-term personal Financial Strategy.
TAKE ACTION:
1. Make a commitment to go on a healthy financial journey
2. Grab a Pen and your calendar.
2. Make a money date with yourself right now.
3. Use last month’s bank statements and bills to determine your necessity number.
If you take just a small amount of time to analyze your spending habits, you may surprise yourself with how much money you can save! You can then invest these savings in a way that will help you see returns year after year.
GOT QUESTIONS?
OR
NEED SUPPORT?
Stiletto Wealth Money Talk Meets Every 4th Thursday in the Evening!
Money Talk Affirmation: I Believe It Can Be Done
Before any goal I declare can be accomplished, i must first believe that it can be done. With this understanding, I set my mind in motion to find a way, better yet, I set my mind in motion to make a way to do it. Whatever my mind truly believes, my mind will help me achieve and therefore create my reality. Believing something can be done, paves the way for my creative imagination and focused determination to bring it to fruition.
Declare Today:
I believe it can be done.
As you reflect on this money talk affirmation, answer the following questions:
- What is your top goal at this point in your life?
- Have you made sure the goal is specific and realistic? Do you believe it can be done?
- What can you do today to make progress toward getting it done?
If you FEEL STUCK and want one-on-one guidance to make progress and FINALLY MOVE FORWARD… don’t delay,
TAKE ACTION:
REPLY to THIS post for a Strategy Session
OR
JOIN US for Money Talk This Month:
Click this link and complete the form to RSVP as My Guest!
I regularly work with women (and a few good men) to help them turn their financial aspirations into reality. My goal is to help you utilize practical tools to enhance both business and personal financial wealth. During my strategy session you’ll be able to ask me anything you want about your finances, idea or business, so that we can move your life and legacy forward.
Managing Your Money When You’re Broke
Hey Money Maven!
Budgeting money is rarely easy, but it’s especially difficult when you don’t have enough of it to even pay all of your bills. It’s important to change how you spend your money when you’re so short on funds.
Follow these steps for effective money management when you’re seriously broke:
- Be proactive. Don’t wait until the collection agencies start calling. They are relentless and aren’t known for being understanding. They only get paid when you pay them, so you can see where their priorities lie.
- Prioritize. Life is all about priorities. Look at how much money you have available and then prioritize your bills accordingly. Typically, your mortgage, basic utilities, insurance and food will come first. Credit cards are usually last on the list.
- Cut back on your savings plan. This might be the one time to stop saving part of your paycheck. The expense and ramifications of not paying your bills might be too great to cut yourself even shorter to make your savings payment.
- Avoid relying on credit. When cash is short, it’s a common practice to start using credit cards to replace a paycheck. The cost of this money can be incredibly high, and this debt is difficult to eliminate later on. Don’t fall into the trap of viewing credit as a viable solution.
- Create more income. If you don’t have a job, take anything you can get for the time being. If you do have a job, consider adding a second job or getting some overtime. If you have stuff lying around the house that you don’t need, it might be wise to sell it.
- Make a new budget. This might be the last thing you’re in the mood to do, but either your financial circumstances have changed or your current budget isn’t working. Both reasons suggest that a new budget is required. Take a look at your income and bills and make some smart choices. Remember that it’s all about prioritizing intelligently.
TAKE ACTION
In stressful times like these, it’s easy to succumb to your anxiety and not take action, but understand that this course of action will only make your challenges greater in the future.
Take a deep breath and do everything you can to get yourself back on track financially. You’ll be surprised how much you can accomplish when you really focus your intention and energy on solutions.
Prioritize your bills, increase your income, and make a new budget. Things will be better before you know it.
STILL NEED SUPPORT? BEGIN HERE!
Stiletto Wealth Money Talk Meets Every 4th Thursday in the Evening!
Four Surprising Things That Damage Your Credit
Hey Financially Savvy Sister
We all know that paying our bills late can damage our credit score. And most of us know that having too much debt is a challenge, too. However, there are some things that seem harmless that can also put a damper on your credit as well.
Here are some surprising things that damage your credit:
- Getting the wrong type of credit. Obtaining your financing from the source of your purchase is generally frowned upon. Furniture stores, car dealerships, and more are common sources of this ‘second class’ credit. They’re viewed as credit for those that don’t have options.
- Your utilization ratio is too high. A significant portion of your credit score is determined by how much of your available credit you’re using. For example, if your credit card has a credit limit of $2,000 and your balance is $500, then you’re utilizing 25% of your credit on that account.
- Hard inquiries. In the world of credit, there are hard inquiries and soft inquiries. Hard inquiries lower your score for a time, while soft inquiries don’t affect it at all.
- Not using any credit. Perhaps you feel that you’re being financially intelligent if you swear off credit altogether. However, even if you keep your credit cards, if you never use them at all, you’re hurting your credit score. You need to have some sort of payment history.
TAKE ACTION:
Sign up for The Stiletto Wealth Credit & Debt Assistance Workshop on February 25th!
This is a hands on LIVE interactive workshop.
Your credit is worth keeping in mind. So many things are more expensive when your credit is poor. In fact, many things are entirely out of reach if you have a low credit score. Remember the surprising things in this article that can damage your credit and make an effort to avoid doing any of them. Your financial future depends on it!
ENTER YOUR INFO & SIGN UP FOR THE WORKSHOP BELOW:
We’ll send you the workshop deets!
I’ll see you at the workshop!
Get Naked and Prosper
Hello Beautiful
Here I go again… I know what you’re thinking. “What’s the deal with this chick + sex + money.”
When it comes to discussing intimate affairs in our society, money might even be more taboo than sex.
News flash Love…
People whisper quietly about money + sex because they are closely related…
Napoleon Hill, “Think and Grow Rich”, concluded that a very important aspect in the process of gaining wealth was tied to sex. He said that “The emotion of sex contains the secret of creative ability.” This “seat of power” and the ability to create is uniquely tied to the essence of wealth.
My Take On It
Money remains a charged topic because, for many people, because it’s a proxy for self-worth + self-esteem.
The Power Is In This Truth
Get Naked!
Peel off all of those exterior layers and get down to the core of who you are! If this involves literally getting naked in front of a mirror, then go for it! I WON’T JUDGE!
Accelerate Your Wealth Potential
Activate the Divine Feminine Essence of Wealth™
Authority + Sensuality + Harmony
And…
Get to the core of who God created you to be.
Get Real Comfortable in Your own skin so you can welcome the flow of wealth + prosperity into your inner circle.
Love … ARE YOU LISTENING…… You Deserve To Make Good Money. Infinite Wealth is your divine Birthright!
Take Action
Activate you Wealth Potential + Make Some Deposits In Your Self Worth Bank Account: Do something every day to nurture your power of creation + self care + intuition.
Here are some tips:
1: trash your to do list TODAY + replace it with 3 actions directly tied to your prosperity (money making actions) and accomplish those three TODAY
2: take time for you TODAY + do something you really enjoy that makes you feel taken care of… bubble bath, get a massage, oil + nourish your skin + body
3: Listen to Your Soul TODAY + take time to quiet your mind + journal your thoughts. You will find that you are a source of valuable infinite wisdom and an expert on how to handle any situation in your life.
Do this everyday for a week and watch what shows up in your life! I’d love to hear about it….
Love, Hugs, and Blessings
$1000 A Day??? How Dare You!!! Really??
Hey Love,
Yep. ONE. THOUSAND. DOLLARS. A DAY. – That’s $1,000.00 per day!!
It may take some sweat and some tears.
(yes:: you my cry with relief, joy and umm, yes, fear.)
But you’ve got to get big-girl bold and raise those rates! I did and now I’ve even got a waiting-list.
You can do that for your business, you know.
“Oh girl, how DARE she!”
How DARE I, indeed.
Because…I’m worth it? Eh. Sure. So are other (cheaper) folks.
Because…I’m booked 2 months in advance? Maybe. Getting closer.
Because…I’m offering a ferociously swift income acceleration service that no one else in the world can provide, in precisely the way that I swing it? Possibly. Better.
Because…having persuasive, memorable & inspiring programs, products, and services to monetize your life’s learning is worth thousands upon thousands of dollars, in business acceleration & personal clarity? Uh-huh. Sooo close.
Because…when my clients invest $1,000 to spend a day with me, we both show up FULLY — and the result is a creative crystal clear glitter-bomb that’s bigger & more meaningful that either one of us could imagine?BINGO.
Now, I’m not suggesting that people inherently have to pay major bucks to revel in the positive side-effects of deep commitment.
But something fascinating happens when you charge “how DARE you!” rates for your time…
You raise the brilliance barometer — for yourself.
You RISE to your own self-declared pricetag.
You make Darn sure that you’re worth it — that you’re giving everything you’ve got, every time.
And your clients ELEVATE to meet you, there.
To put it down sharply…
How DARE you command breathtaking rates for your time?
For your book learnin’, street learnin’ & synthesized wisdom? For your DNA-inscribed gifts? For the opportunity to experience the summit of your capacity to serve, to inspire, to create, to transform — lives, businesses, communities, societies, the planet? For the skills that people are literally falling in line to get a dose of? For your LIFE’s WORK?
How DARE you…not.
Oh, yes you can. Choose it now.
Stick with me, sweetie. I’ll get you there.