Your costs went up. Your prices didn't.
Wages up, utilities up, every supplier invoice up. And you've swallowed the lot, because you're sure the day you put your prices up is the day your customers go to the competition.
In my experience, a rise of five or 10% very rarely loses anyone. And if it does, it's a minute amount. What loses customers is bad service, and a letter on the mat telling them their prices go up next week.
The hard part is knowing which prices to move, and how to tell people. I run every item in my businesses through a red, amber, green sheet: the price without the VAT, minus what goes into it. Green is 70% and over. Anything red, I put the price up or I ditch it.
This course is that sheet: the 90-day price rise, word for word, and the offer I give instead of a discount. With the templates pulled out, so you can run your five best sellers through it tonight.
Most people do not charge what they're worth.
























