How To Price Chatbots For Business Clients
AI Summary
Summary: Chatbot Service Pricing
Introduction
- Recurring question about pricing chatbot services on Connor’s YouTube channel and Discord.
- Importance for both chatbot builders and businesses to understand pricing in the current “wild west” market.
Pricing Philosophy
- Pricing should reflect the development effort and collaboration between businesses and builders.
- Asking other builders for pricing advice is not ideal; businesses will determine the value of the solution.
Key Pricing Considerations
- Who are you?
- Your positioning, previous clients, and perceived legitimacy affect pricing.
- Authority is assigned by others based on your work and reputation.
- Higher authority and reduced risk for the business can increase what you can charge.
- What can you build?
- Your capabilities and the features you can add enhance value.
- More features and development time justify higher charges.
- Demonstrating expertise can also boost your authority.
- Who are they?
- The business’s size, technical ability, and budget influence pricing.
- Nonprofits and small businesses may require a setup fee and a monthly retainer.
- Larger businesses with in-house devs may prefer a higher one-time setup fee and no retainer.
- What is your current caseload?
- Limited availability allows you to be selective and potentially charge more.
- Balancing supply and demand can influence pricing decisions.
Getting Started
- Start by setting a price and adjusting based on market feedback.
- Build and deploy chatbots, then engage with businesses to understand value.
- Avoid free work; build demos and a portfolio to showcase capabilities.
Conclusion
- There’s no one-size-fits-all answer to pricing; it’s determined by various factors and personal experience.
- Focus on building and talking to businesses to establish your pricing strategy.
- For businesses interested in chatbot services, Connor is open to inquiries.