Fees in Relation to Service
Before launching a sports consulting service, one of your most important decisions will be the administration of fees charged in relation to the services you will provide clients, such that they are fair and equitable for both parties involved.
It is my belief that a client should never pay more than their equivalent of one wager, or unit, per month. Pricing should be set with one’s demographic in mind. As prices increase, market numbers decline. It is imperative to understand this concept in order to effectively organize your business in a way that will allow for gradual growth, and not balloon-like expansionism. The latter will more than likely disturb the personalized service that clients have grown accustomed to. This is something that a service with value should not be willing to compromise.
An example would be how my NHL Consulting Service operates. The service operates for a period of 6 months, from October through to March 31. The price is $100 per month, but also allows for a one month discount if a full season subscription is remitted by September 30.
A client that purchased the advanced full season subscription for $500 earned +45.86 units last season, based on wagering reverse juice on favorites ( $??.?? to win 1 unit ) and risk option on underdogs ( 1 unit to win $??.?? ). Taking into consideration the client saved $100 from the monthly subscription price, the client realized an 89.1% return on their purchase, and Timothy Wynn earned 10.9% for services rendered. IMO, this was a very fair and equitable venture for both parties involved.
It is probably impossible to fathom the number of handicapping services there are from a world wide viewpoint, and therefore the way a service operates from the standpoint of fees they charge for the services they provide are probably limitless. This is just a personal perspective that has worked for me.
If there are services on Pick Monitor that have alternative ideas than the one shared above, this is a great thread to explain how your handicapping service operates.
Best of luck and have a great day everyone!