Welcome to the Road to Six Figures Challenge Day 3!
I was so busy yesterday that I forgot to post this on yesterday.
The Six Figures Challenge is a challenge created by entrepreneur, TraVal Shanklin, to document his journey of earning six figures from scratch through business ownership.
Two days ago, I had a conversation with a potential client for social media management for them. We verbally agreed to a price of $300 per month for the first month, $400 per month for the second month, then $500 per month for the third month.
I know the prices are incredibly low compared to the average price of social media management services ranges from $1,000 – $2,000 per month. Since this is one of my first monthly retainer clients, I can use this experience to increase my prices. For the next client, I can charge $500 per month, then slowly increase from there.
Once I have a few clients at $500, some testimonials, I can continue to increase my prices for the new clients. By referral and continued Facebook Ad marketing, I should be able to land even more clients. Within the next six months, I expect this business to continue to grow and lead to more opportunities.
Also, I can partner with businesses that offer SEO services, but don’t know much about Social Media. If they land a big client that pays $5,000 per month to build an online presence, they can split the money with me and everybody wins. The client has the results, their company gets paid, and I get paid.
Shanklin Technology is an agency helping individuals and small businesses get online and stay online through web site design, social media management and marketing, and IT support. We are a group of individuals with expertise running social media pages for small businesses in different areas. We also have experience with Facebook Ads and Instagram Ads.
Thanks for reading The Road to Six Figures Challenge Day 3.