How to notify your clients that you’re raising your prices

Posted by devan under Management
From http://www.enmast.com 3666 days ago
Made Hot by: thecorneroffice on November 12, 2014 11:05 am

I recently just raised my prices, and I won't lie, it was super nerve racking. I was afraid they might push back or I would lose some of them. But to be honest, it went over really well. I share more of the details of what happened in this article, but I'd like to know -- have you ever raised your prices before? How did it go for you?

Who Voted for this Story

Top BizSugar Users

This week's most active BizSugar users. Join Them!

Comments

Written by Moneycation
3659 days ago

Nice article with good tips. The example letter is helpful as well. What percent increase and at what frequency do you suggest for small-businesses seeking to raise rates? Also, what is the net benefit of adding value to services alongside price increases?

- 0 +

Written by lyceum
3659 days ago

I will not raise my prices per se, I will convert them into a terms of payment of real money, i.e., gold and silver. Then I have created a safety against inflation, decreased purchasing power, etc.

- 0 +