Interesting concept. I don’t know anyone who has this pay scale system in place so I can’t give you any insight as how it works for them. The only issue I see with this system is that makes things complicated. You will need to consult with your accountant and make sure this won’t be an extra headache for you as far as taxes goes. Also, this system seems to be a great alternative for those who cannot afford to pay the full asking rate and you are the one who must do the potential client’s income (for me this is too confusing and time consuming, but you might have already figure it out).
At the end of the day it comes down as to how much money you want to earn or you think your time worth. I’m not sure my answer helped you at all, but I guess it’s better than nothing. Good luck to you and I hope to see others put their suggestions here.
I think perhaps you are the best person to answer your question about a sliding scale. What is the reason for the sliding scale? If it is to accommodate and include those who may have a harder time financially, how will you make this determination fairly from client to client (without looking at tax returns). :). It will also depend on rates being charged in your area. Just a few things to think about.
If you can give a little more detail about your plans it may help, otherwise I’m not sure what is fair. I’ve always thought it is too difficult to charge different rates, but you have your reasons and it may work for you. Hopefully someone else who charges on a sliding scale can help you more.
Best and good luck,
‘fair’ is a relative term, and unfortunately people will take advantage of you.
I had clients who ran into financial problems but I offered them a different way to working with me. Let’s say, half hour sessions at half price. While I did not give them a real price break, I made it more affordable, and they got a little more for less.
I have priced based on a training radius – two tiers. I haven’t done a sliding scale per se. One of my clients is a marketing executive and her advice to me was to price myself at the high end of market rate (I have a lot of experience) and then if I wanted to give an occasional scholarship to someone, I could do that. I’ve taken her advice, I currently have a young student who attends my small group training on scholarship; everyone else pays full price.
Hello Christopher Blood,
You need to decide what is fair to both you and the client. The range I use is the bare minimum up to my full rate. Sometimes the client will start to take advantage; but, most of the time, the client is very appreciative and will pay more when they are able.
Another way around this, is to offer the sliding rate for a predetermined amount of time.
Discounted rates do not apply to farther distances, either.
Clients also have the group session option if they want to save money.
Natalie aka NAPS 2 B Fit.