Raising Prices – The Idea is Catching On
My recent post about raising prices got mentioned in the New York Times! And others have picked up the thought; IdentityKitchen (a design firm) also mentioned the NYT article and SBB.
Why does raising prices help “recession-proof” your business? Three reasons:
1. Since most businesses tend to under-price, it gets you closer to a realistic price for your work or for your products. For products, it gives you a bigger margin (you get to keep more of the price of the product). For services, it gives you a better hourly rate for your time. And as I always say, “time is money.”
2. If your …read more