At What Price Glory?
Or, you know, a job?
July 10, 2009
Price means what you will charge for your product. You don't always get to decide price the way, say, the guy who pops labels on soup cans does. But you can aim at a price range for yourself, maybe making adjustments to your product (take a course, for example) to raise what you can ask. Your price is just your pay, of course.
** Aside ** Something you need to be aware of as you look for work is the phrase in ads "unlimited earning potential." The translation is "we ain't gonna pay you diddly." Thought you'd like to know. ** /Aside **
Unlike a supermarket, you don't want to post your asking price on your resume. As a matter of fact, your compensation is the last thing you want to talk about with your potential employer. There are ways to make yourself seem more valuable during the process leading up to the job offer. Taking that course, for example. Showing samples of times you've benefited people in a big financial way, for another example. Just being a likable and good-to-work-with sort of person is a third way to look like you're worth more as well.
When you get a job offer, you have some leverage on your price for what may be the only time in your new position (assuming you take it in the first place.) They want something from you, which puts you at an advantage over them. Maybe they have a rigid pay structure, so you'll have to ask what you could do to enhance the value of the job you're going to do. Mostly pay has some flexibility built in, so here's where you can negotiate a pay package that will keep both you and your new employer happy. Maybe you'd like a few extra days off? A bonus structure? More pay to begin? Deferred salary, so they're at less risk while they size you up? There are a lot of things you can try. Just remember that a negotiation always results in both sides thinking that they did well on the deal. (Or it should, in an ideal world.) You need to give something to get something in every case. That keeps them happy, and they'll keep you happy. 'Kay?
Of course, if you did your research, you know pretty much what the person who interviews you has in mind to pay you in the first place. Then you ask for a bit more than that, and let them negotiate you down a tad. This works on selling used cars, too, by the way.
That's four: Product, Position, Place and Price. Tomorrow, the biggie: Promotion!
Steve
July 10, 2009
Price means what you will charge for your product. You don't always get to decide price the way, say, the guy who pops labels on soup cans does. But you can aim at a price range for yourself, maybe making adjustments to your product (take a course, for example) to raise what you can ask. Your price is just your pay, of course.
** Aside ** Something you need to be aware of as you look for work is the phrase in ads "unlimited earning potential." The translation is "we ain't gonna pay you diddly." Thought you'd like to know. ** /Aside **
Unlike a supermarket, you don't want to post your asking price on your resume. As a matter of fact, your compensation is the last thing you want to talk about with your potential employer. There are ways to make yourself seem more valuable during the process leading up to the job offer. Taking that course, for example. Showing samples of times you've benefited people in a big financial way, for another example. Just being a likable and good-to-work-with sort of person is a third way to look like you're worth more as well.
When you get a job offer, you have some leverage on your price for what may be the only time in your new position (assuming you take it in the first place.) They want something from you, which puts you at an advantage over them. Maybe they have a rigid pay structure, so you'll have to ask what you could do to enhance the value of the job you're going to do. Mostly pay has some flexibility built in, so here's where you can negotiate a pay package that will keep both you and your new employer happy. Maybe you'd like a few extra days off? A bonus structure? More pay to begin? Deferred salary, so they're at less risk while they size you up? There are a lot of things you can try. Just remember that a negotiation always results in both sides thinking that they did well on the deal. (Or it should, in an ideal world.) You need to give something to get something in every case. That keeps them happy, and they'll keep you happy. 'Kay?
Of course, if you did your research, you know pretty much what the person who interviews you has in mind to pay you in the first place. Then you ask for a bit more than that, and let them negotiate you down a tad. This works on selling used cars, too, by the way.
That's four: Product, Position, Place and Price. Tomorrow, the biggie: Promotion!
Steve
Labels: Marketing


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