February 26th, 2008
5 Clues That Its Time To Increase Your Pricing!
I’m always amazed how many businesses don’t increase their prices for fear of losing customers. Most business owners I work with, particularly business women, often underestimate the value of their products or services.
There are a couple of clues that will tell you when it’s time to raise your prices:
Clue 1: When you first purchase your business.
I have a standard rule of thumb to raise your prices by 10% when you first purchase your business as it’s the best possible time to increase profits.
Now before you say that you’ll lose customers and not be competitive,
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