Some Times You Just Have to Bucket.
Michael McDerment writes about the benefits of pricing services in “three buckets” (tiers) compared to a totally customized pricing strategy:
[W]hat is better: buckets or custom pricing? Buckets. How do I know we learned this? Since changing the pricing page on our site, our sign-ups/trails have increased 30%. We had VERY good conversion rates prior to that. This bump is great. What’s amazing is our actual prices are identical, but just by presenting our pricing in three easy to understand buckets, conversions of first time visitors to trials have increased about 30%….that will affect our bottom line from here on in…Amazing the power of a single web page, no? You know what I find weird? The exact same number of people exit our website on the Pricing page as they did before. Had the redesigned page not been the only site change, we never would have been able to be certain about the BUCKET FACTOR. That is why we try to make on design change at a time and track the results. (See the pricing page he is talking about here)
I have long believed lawyers and other professionals can implement a tiered pricing plan that would make it easier for clients to buy our services – in fact, I’m working with a firm right now to do just that. What “buckets” could you offer?