One of the students in my Business Kick Starter course recently asked me if I had any advice on how to raise prices. I get this question a lot, so I thought I’d do a little video to explain my thoughts on the matter.
Before we get into the details, let me first say this: do raise your rates! Really.
How to Raise your Rates
One word of Advice
If you decide to do as I do and keep your current clients at the same rates they’ve always used, you may find that it gets a little bit confusing. You’ll wind up with a bunch of clients who are all paying different rates, depending on when they started with you. One thing I do to keep track of everyone’s rates is write their follow-up price on the inside cover of their file folder. I’ve got a quick and easy way to find out how much to charge without sifting through papers or frantically searching my files.
Hope that helps some. Have you raised your rates? Did you raise everyone’s rates, or just your new clients? I’d love to hear how it went for you. Please put any tips into the comment box below, or contact me with any questions.
p.s. Whadd’ya think of my new video intro?
A friend Phil Ebiner of Video School Online recently made it for me. I love it – still need to figure out how to make it full-screen and so forth, but I’m getting there :). If anyone wants to learn how to make an intro video for themselves, Phil’s offering a discount on his course.