148: When & How to Raise Your Prices

Today I’m sharing what you need to know about pricing your services. I want to help you determine if it is time to raise your prices and how to do it.

In this episode, I share…

• How to know if it is time to raise your prices

• Why you should know what others are charging

• Ways to share about your new prices

A few indicators that it is time to raise your prices are that you’re getting more than 80% of people saying “yes” to you or if you’re always booked and busy.

Another thing to consider is how long ago it was when you previously raised your prices.

You can also evaluate what other people in your industry are charging and compare your package and prices to theirs.

Once you decide to raise your prices, you can follow the $250 rule. You can raise your rates by $250 every few months.

You can be transparent about your price increase as well as create demand by telling people when you’re changing to your new pricing.

I hope this helps you feel good about adjusting your prices. You can do this slowly and strategically so it works for you, your business, and your clients.

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