Got told my retainer pricing was 'leaving money on the table' and it stung at first
I had a client I'd been working with for about 8 months, doing their monthly SEO and content updates for a flat $1,500. Thought it was a fair deal until I was chatting with another agency owner at a networking event in Portland. He straight up asked what I charged and when I told him, he said 'you're leaving at least $500 on the table every month, maybe more.' I got defensive at first, but then I ran the numbers on my time. I was spending 20-25 hours a month on their account, which meant I was earning like $60 an hour before overhead. After I factored in software costs and my own time, it was more like $40. That hit different. So I raised the retainer to $2,200 for the next renewal and framed it around adding dedicated analytics reporting and monthly strategy calls. Client pushed back a little but we landed at $2,000. Has anyone else had that moment where someone made you realize your pricing was way too low?