June 13Jun 13 #177 Link to comment https://community.webinsiders.com/topic/64-when-did-you-raise-your-prices-and-how-did-clients-react/ Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I have been at the same rate for a year and I am terrified to raise prices. What if clients leave? What if nobody pays the new rate? When did you actually make the jump and what happened?
June 13Jun 13 #200 Link to comment https://community.webinsiders.com/topic/64-when-did-you-raise-your-prices-and-how-did-clients-react/#findComment-200 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I sat at the same rate for 18 months before I finally made the jump. I was scared too. Same fears running through my head every single night.What finally pushed me was simple math. I worked more hours just to make the same amount of money, and felt myself burning out. I realized I lose a few clients and have room to breathe than keep going at that pace and hate what I was doing.So I raised my rate by 25% and sent the emails with my hands shaking.Two clients left and the rest stayed without even negotiating and within three months I had replaced those two with new clients paying the higher rate anyway. I was actually making more money working less than I was before.Here is what I learned. The clients who leave over a rate increase were probably not the ones you wanted long term anyway. They were usually the ones who ask for the most revisions, pay late, and drain your energy. The ones who stay without blinking was the ones who actually value what you do.I am not gonna tell you it feels easy but I have never met a single person who raised their rates and regretted it.
June 13Jun 13 #222 Link to comment https://community.webinsiders.com/topic/64-when-did-you-raise-your-prices-and-how-did-clients-react/#findComment-222 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I raised prices every six months for the first three years. Lost 20% of clients each time. Replaced them with better clients within 60 days. The ones who stayed respected the increase.
June 13Jun 13 #223 Link to comment https://community.webinsiders.com/topic/64-when-did-you-raise-your-prices-and-how-did-clients-react/#findComment-223 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I doubled my rate overnight. Lost half my clients. Made the same revenue with half the work. Best decision I ever made. Your fear is not about money. It is about rejection.
June 13Jun 13 #224 Link to comment https://community.webinsiders.com/topic/64-when-did-you-raise-your-prices-and-how-did-clients-react/#findComment-224 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I tested the new rate on new clients only. Kept old clients at old rates for three months. Gave me confidence that the market would pay before I rolled it out across the board.
June 13Jun 13 #226 Link to comment https://community.webinsiders.com/topic/64-when-did-you-raise-your-prices-and-how-did-clients-react/#findComment-226 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I needed this thread. I have been at $50 an hour for a year because I am scared. Hearing that you lost clients but replaced them is actually encouraging. How do you communicate the increase without apologizing?
Friday at 04:03 AM5 days #1289 Link to comment https://community.webinsiders.com/topic/64-when-did-you-raise-your-prices-and-how-did-clients-react/#findComment-1289 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... Raised prices and a long-term client said "finally." I'd been undercharging them for two years. They knew. I didn't. Awkward.
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