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Solopreneur Business for Dummies

The ultimate guide to building a business that actually works.. for you

8 min read

From Corporate Salary to Solopreneur Pricing: The Mindset Shift Nobody Teaches You

corporate salary to solopreneur pricing

 

Watch the Episode on YouTube

What Is Value-Based Pricing for Solopreneurs?

One of the biggest mistakes new solopreneurs make after leaving corporate is pricing their services the same way they were compensated as an employee, by the hour. Value-based pricing is a strategy where you charge based on the outcome and transformation you deliver to the client, not the time it takes to deliver it.

In this episode of The Aspiring Solopreneur, hosts Joe and Carly break down exactly why solopreneurs undercharge, how to reframe your expertise as a premium asset, and how to use Alex Hormozi's $100M Offers framework to build and price an irresistible offer.

Why Do Solopreneurs Undercharge for Their Services?

There are three core reasons solopreneurs consistently undercharge:

1. Corporate Conditioning Years inside a corporate structure trains professionals to equate compensation with time and visible effort: salary bands, performance reviews, and hourly rates. When they go out on their own, they carry that mental model with them without realizing it.

2. Confidence and Self-Worth Many solopreneurs compare themselves to the best practitioners in their field and feel like they fall short. This comparison trap leads them to undervalue what they bring to their specific target audience, the people who need exactly what they offer.

3. Fear of Rejection Pricing too low is often a subconscious way of avoiding the "no." But as sales expert wisdom goes: underpricing protects the conversation, not the business.

What Should Solopreneurs Charge for Their Services?

The answer isn't a number, it's a framework. Ask yourself these three questions:

  • What is the dream outcome my client wants?
  • What is the cost of this problem continuing for them?
  • What fears or objections stand between them and that outcome?

When you build your offer around those answers, pricing becomes a reflection of value delivered — not hours logged. A good rule of thumb: if a client receives significantly more value than they pay, you're a great deal at almost any price point.

The $10,000 Hammer: Why Your Experience Is Your Price

The most powerful story in this episode is the allegory of the expert and the ship engine. A broken engine that no one can fix. An expert who fixes it in 30 seconds with three taps of a hammer. A $10,000 bill. And a client who objects, until the expert says:

"You're not paying me for the time I spent tapping. You're paying me for the time it took me to learn where to tap."

This is the essence of expertise-based pricing. Your years of experience, your 10,000 hours, your hard-won knowledge...that's what the client is buying. The speed of delivery is a feature, not a discount.

Does Higher Pricing Actually Help Solopreneurs Win More Clients?

Surprisingly, yes, for the right clients. A significant portion of buyers use price as a proxy for quality. When your pricing is too low, it can signal low confidence or low capability. Premium pricing, when backed by a clear value proposition, attracts clients who are serious about results and less likely to nickel-and-dime the engagement.

Alex Hormozi's $100M Offers Framework for Solopreneurs

Recommended in this episode, Alex Hormozi's $100M Offers gives solopreneurs a repeatable process for building high-value offers:

  1. Define the Dream Outcome — What does your client's life or business look like after working with you?
  2. Identify the Perceived Problems — What do they believe will stop them from getting there?
  3. Build Solutions That Address Those Fears — Engineer your offer to eliminate every obstacle standing between the client and their dream result.

The result is an offer that feels almost irresponsible to say no to — and one that commands premium pricing naturally.

Key Takeaways From This Episode

  • Price the outcome, not the input
  • Your expertise has compounding value: 10 seconds of work can represent 10 years of learning
  • The cost of the client's problem continuing is your pricing floor
  • Fear of rejection leads solopreneurs to protect the conversation instead of the business
  • Higher prices signal higher value to quality-conscious buyers
  • Use the Hormozi framework: dream outcome + perceived obstacles + targeted solutions = premium offer

Resources Mentioned

  • 📖 $100M Offers by Alex Hormozi

About The Aspiring Solopreneur

The Aspiring Solopreneur is a podcast dedicated to helping one-person business owners build sustainable, profitable businesses after leaving corporate. Each episode delivers practical strategy, mindset shifts, and real-world frameworks for solopreneurs at every stage.

🎧 Listen on: Apple Podcasts | Spotify | YouTube

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Leave a review to help us reach more solopreneurs

 

If you enjoyed this conversation, be sure to subscribe to The Aspiring Solopreneur and leave a review to help other solopreneurs discover the show.

Episode Transcript


But that kind of thinking will free you to be more comfortable with pricing that's significantly better for your bank account.

Carly Ries: And I think some people surprise themselves, like, if they provide that value, and people are like, wow. That's so helpful. That's so great. And you're like, it took me ten seconds because that's just something that you know how to do. I'm gonna ask you to tell a story in a second, but it took me ten seconds, but really it's ten years of experience that's coming in those ten seconds.

So Joe, please tell the hammer story, because it's my favorite story.

Joe Rando: I'm assuming this is the story of the guy with the hammer?

Carly Ries: Yes.

Joe Rando: Okay. I mean, it's an allegory or whatever you wanna call it. But, the story is this guy, there's a ship engine or something. It's a big giant engine, and it's not working, and nobody can fix it. And this guy is the world expert, says I can fix it.

And he comes in. It's gonna cost $10,000 for him to fix this engine. And they say, okay. That's definitely worth it. Go do it.

And he walks in with this little hammer, and he taps on one spot on the engine. Then he goes to another spot, taps there, and taps at the third place, and boom, the engine's working. And he said, well, that's $10,000. And they said, that was just thirty seconds. You didn't do anything.

He goes, you're not paying me for the time I spent tapping. You're paying me for the time it took me to learn where to tap.

Carly Ries: Yes.

Joe Rando: And that is really what it's about. It's like, you know you might know how to do something that you can do it, pretty easily, but there are probably ten thousand hours of experience underlying that.

Carly Ries: And I mean, you need to reference not what should I charge per hour, but what is the cost of the problem continuing for the client, like if they keep experiencing it. And the other thing is, I tell you all the time, if I'm in a room full of marketers, I'm like, oh my gosh, there's so much I need to learn. I'm nervous. There are so many people that are better at this than I am. But if I'm in a room without marketers and people that need marketing help, I am the smartest person alive.

Like, if you get to your target audience, what you provide is so incredibly valuable, you just don't see it sometimes because you're surrounded by it, and by others in the field.

Joe Rando: Can I take a little tangent for a second? Because I think what you said at the beginning of that analysis was important too, that when you're in a room full of marketers, you don't you feel like you know all, you find these things that people are better at than you. But we have an ability to look at the world and see, Oh, this person's better than me at this, and this person's better than me at this. And we build this composite that makes us feel like, Wow, I'm really lacking, but if you compare yourself to one person, they might be a genius at X and you're a genius at Y.

But if you go around finding the geniuses all around you, you'll start feeling pretty bad if you don't kind of step back and go, hey, wait a minute. Because that's another thing that people can do. They can say, Well, I'm not the greatest marketer in the world, or I'm not the greatest this in the world. And so I really shouldn't be charging that much money. But in the reality, you've got your thing that you're great at.

You know, I just look at people like my wife, she'll talk about the fact that she's not really good at math, but she's a child therapist. She goes in and she takes a little I mean, she's a child whisperer. She just gets with a little kid, and boom. There's a connection instantly. And probably there aren't that many people in the world that have that skill at her level.

It's crazy. But, so she's not good at math. So what? She's a genius at that.

And that's why I think we all need to keep that in mind because that's another thing I think that holds us back from feeling our worth and being confident in pricing properly.

Carly Ries: Well, it's so funny because another friend of mine, in terms of pricing properly, he's in sales and he something he tells people all the time is that a lot of times people are afraid of the no. And so what they're saying is really, when they're afraid of the no, they're protecting the conversation, but not the business. So they don't want that let down of like, oh no, they said no, but they don't have the business in mind. They have that conversation in mind where it's scary to get the no, but you have to keep your entire business in mind. And I thought that was real. I've never heard that before.

Joe Rando: I think it's great, but it leads to something we don't wanna talk about today, which is knowing how to sell. Because that no is not really no, it's basically an objection that you can then say, why do you say that? Why do you think, why do you feel it's too expensive? And you can then walk through. We won't talk about it today, but that is such an important thing.

And, another thing that people should really consider is that a lot of people out there aren't comfortable with the low price leader. I'm one of those people. I don't look for the lowest price. I always look for that price that seems like somebody's got something valuable.

I know there are folks out there that see, everybody else is charging a $100 and this guy's charging 10. They're like, great. They're usually sorry because it's not good, but they do it anyway. But, a lot of people will perceive you as more valuable if you price yourself higher because it looks like you're gonna have the capacity to deliver a good solution.

Carly Ries: Yeah. Absolutely. Well, those are just our 2¢ today. I think moral of the story is that if you're leaving corporate or thinking about it, one of the hardest things to do is just change your mindset and your mental model around all this stuff because corporate does not prepare you for pricing strategies as a solopreneur. So if you wanna build that sustainable business, it's not necessary if you work the hardest.

It's just you need to learn how to price the outcome, not the input, what you get.

Joe Rando: I just wanna toss out a resource that people should consider using, and it's Alex Hermozi's 100,000,000 Dollar Offers. It's a book, but he gets you thinking about things . I have some notes here because I didn't wanna blow it. Dream outcome. Right? What is the dream outcome that your client has? If you can look at that and say, is the dream for them? Write that down. Then say all the potential problems that the customer will see in achieving that problem, either things that they just think your solution won't work for them or that just they won't be able to do it, list those, and then develop solutions that address those fears, that bring the dream outcome and address the fears. Now, when you think about presenting that product and you think about how, you've thought about the customer's perspective, it's a lot easier to price it higher because you've just generated so much value in that transformation we talked about from things are not good now, and afterwards, things are gonna be great.

Carly Ries: Yeah. Great point. Well, listeners, as always, thank you so much for tuning in. You guys, Joe and I were asking for some reviews, and we've been getting them, and it's awesome.

And we so appreciate it because

Joe Rando: Thank you.

Carly Ries: The more reviews we get, the more solopreneurs we can reach, and that is our ultimate goal. Truly, we just love helping one person business owners. So continue to do that, and subscribe on your favorite podcast channel, including YouTube, and share this episode with a friend because it's important. And we'll see you next time on The Aspiring Solopreneur. You may be going solo in business, but that doesn't mean you're alone.

In fact, millions of people are in your shoes, running a one person business and figuring it out as they go. So why not connect with them and learn from each other's successes and failures? At LifeStarr, we're creating a one person business community where you can go to meet and get advice from other solopreneurs. Be sure to join in on the conversations at community.lifestarr.com.