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Determining your consultation pricing on CoHostMarket involves a strategic approach. As a service provider, consider various factors when setting your fees, such as the consultation duration, level of expertise, the complexity of the services offered, and prevailing market rates.
While formulating your prices, it's essential to remember that your net earnings will be influenced by the commission rate applicable to your membership tier. For instance, Free members are subject to a 20% commission, while Platinum and Elite members have reduced commission rates of 15% and 10%, respectively.
If you're new to the platform and yet to secure ratings, a practical strategy is to initially set your consultation fees at a slightly discounted rate. This approach can attract your first clients and help you earn those crucial initial reviews. Positive feedback and ratings are instrumental in building your reputation and can justify increasing your rates in the future.
When creating your service offer, ensure your pricing is transparent and reflects the value you provide. It's about balancing being competitive and ensuring your expertise is adequately compensated.
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