Did you know that over 80% of businesses are undercharging for their services?
Here's why you need to raise your rates:
(Thread)
#Sales #smallbiz
Here's why you need to raise your rates:
(Thread)
#Sales #smallbiz
Raising Your Rates is a Sign of Professionalism:
If you pay rent, your property management company raises rent each year.
The cost of access to gas, electric, and other utilities also rises each year.
Your rates must rise to support cost of living expenses.
If you pay rent, your property management company raises rent each year.
The cost of access to gas, electric, and other utilities also rises each year.
Your rates must rise to support cost of living expenses.
Raising Your Rates Signals High Value or Quality
Low pricing immediately raises suspicion.
Premium rates signify quality, prestige, and luxury for business services.
Low pricing immediately raises suspicion.
Premium rates signify quality, prestige, and luxury for business services.
Raising Your Rates Signs that You Value Your Time
Failing to raise your rates means you are performing the same work and charging less for it due to inflation and other factors.
Lower rates signals that you do not value you experience and your clients will reciprocate.
Failing to raise your rates means you are performing the same work and charging less for it due to inflation and other factors.
Lower rates signals that you do not value you experience and your clients will reciprocate.
Raising Your Prices is More Effective than Selling More Volume of Services
Worried about customers leaving? Raising your rates allows you to work with less customers who are highly engaged with the value that you deliver.
Worried about customers leaving? Raising your rates allows you to work with less customers who are highly engaged with the value that you deliver.
Raising your Prices Speaks Positions Your Business as a Premium Services Provider
Companies routinely underbid their prices in comparison to what the market average is for a service. This is a mistake.
Raise your rates. Deliver high value and be a standout.
Companies routinely underbid their prices in comparison to what the market average is for a service. This is a mistake.
Raise your rates. Deliver high value and be a standout.
Raising Your Prices Increases Customer Lifetime Value.
CLV is a very important statistic when building a business.
9 out of 10 businesses have no idea of the average value of their customers.
The Apple and Amazons of the business world build their entire model from CLV.
CLV is a very important statistic when building a business.
9 out of 10 businesses have no idea of the average value of their customers.
The Apple and Amazons of the business world build their entire model from CLV.
Raising Your Rates Improves Customer Service Levels in your Business
A result of raising your prices is attracting clients who are results oriented.
Your customer service will improve from working with higher quality/ results-driven clients.
A result of raising your prices is attracting clients who are results oriented.
Your customer service will improve from working with higher quality/ results-driven clients.
Are you a business owner or blogger who is lost in space when it comes to packaging your services and selling them with confidence?
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