Whether you’re running a new start-up or a seasoned business, raising your prices is a step every business owner or entrepreneur has to take in order to grow and be more profitable. A major pain point that comes along with having to raise your rates, as most owners can agree, is how your customers will take the news. While there’s no way to anticipate exactly how people will react, there are steps you can take to responsibly increase your prices, without burning customer trust and loyalty.
Besides, the last thing you want is a number of customers that get angry or decide to switch to a competitor. You can take simple steps to mitigate risk, while also providing value for your customers and your business. To help you out, Valpak put together a visual with 12 actionable tips to raise your prices and tips and tricks on how to best approach a customer that does push back. View the full infographic below for how you can raise your business rates while keeping your customers happy.