What is your value proposition?<\/figcaption><\/figure>\n\n\n\nWhat you offer is a crucial aspect you need to consider before setting a price for your masterclass.<\/p>\n\n\n\n
Are you dishing a lot of secret ingredients, or will you scratch the surface? What is your value proposition? How is your class going to be different from the millions out there?<\/p>\n\n\n\n
Be clear on the value you intend to offer in your class. And convince your prospects that they will miss out if they don’t attend.<\/p>\n\n\n\n
Tell them that you are not offering the regular online course that caters to thousands of people. They should understand that a masterclass does in-depth and is tailored, and exclusive, allowing them direct access to you, the facilitator.<\/p>\n\n\n\n
Don’t be so scared to lose potential customers that you underprice your masterclass so much that the funds do not cover the time you spent planning and laying out the course structure. <\/p>\n\n\n\n
Also, remember you are pricing them for your experience and expertise. You are valuable and providing valuable lessons; price accordingly.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n You have the power to decide the worth of the value you are offering in your masterclass. However, it would help if you considered the price others in your niche offer and what your target audience is willing to pay for the value you will offer. If you can add more value to your masterclass to increase the price, go for it.<\/p>\n\n\n\n
Do you also have an online course you’ll like to promote? Read this post on how to promote your online course.<\/a><\/p>\n\n\n\nThanks for reading.<\/p>\n","protected":false},"excerpt":{"rendered":"
When pricing a masterclass, you don’t want to go too high or too low. Placing your price too high might … <\/p>\n
Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1220,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,1,102],"tags":[],"yoast_head":"\nPricing a Masterclass: The Ultimate Guide - LMS Hero<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n