If I know anything about women, it’s that we’re all savvy when it comes to money.
However, there’s one sticky subject for all men and women entrepreneurs and that’s price increases.
What happens when your costs rise? Do you feel comfortable calling up your customers and raising your rates? If you say no, you’re not alone. That’s the status quo. It’s the status quo to “absorb those costs.” What that means is that instead of passing on the increased costs to your customers through increased rates, you are chipping into your own profit margin and not profiting as much as you were previously.
We can do this to a point. But sooner or later, this is going to become not worth it because you just won’t be profiting. You will be expending all this energy to serve the customer but not doing anything to serve yourself and your bottom line.
Well, there’s a different way to deal with rising expenses and that’s the proactive way. Listen to this audio for my 5 proven tips on how to plan for price increases so that you can do it easily and effortlessly because your customers expect price increases and you’ve included this into your strategy and focused business plan.
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