Okay, so you’re excited about raising your prices and you’ve done a risk assessment to make sure you’re all good to go (👀 and if you haven’t, head to The Inner Hub!). How do you know when the best time to implement a price increase might be? Or are you feeling a bit worried because it seems like everyone is putting their prices up and everything’s getting more expensive?
We’re here in this episode to 1. reassure you that you are absolutely allowed to raise your prices even (and especially) if everyone else is, and 2. share our thoughts around the best times to put your prices up. There’s a few of them, so you’ll be sure to find a time that feels right for you!
So please, no more £50 social media management packages – it’s time to ensure you’re being paid fairly, not overworking yourself for peanuts and actually building a business that brings you the income you truly deserve!
In this episode, we’re chatting about:
- The different moments throughout a calendar year that you might want to raise your prices
- When to start thinking about implementing a 1st January price increase
- Scenarios involving a change of deliverables with a client and why these might warrant a higher price
- A few ideas for adding mandatory price reviews into your contracts
Jump straight to it…
[00:37] A milestone in the year or with a client
[04:47] When there’s scope creep
[08:08] If the client asks you to do extra work
[10:48] If you, as the expert, suggest additional deliverables
[14:53] Recap!
