raising prices

[adamc6]

what is the best way to tell your customers you are raising prices this year? and also, how much are most of you raising prices on average this year. Thanks for your time.

ADam

[CNYScapes]

5%

[ConPro]

5-10%, try to throw it at them when they're happy.

[jkkalbers]

We raise prices every other year so we can always say, I didn't raise you last year, so I need to bump you up a little this year. When we do raise prices, it's only half our customers then the next year we do the other half. We are always bumping up half our customers. works well for us. and people don't complain because they expect to be raised every so often.

[adrianvbarrera]

Let me get that straight.

You raise prices every other year and then when you do raise them it is only done to half of your customers?

[jkkalbers]

Yes raise half one year then half the next so everyone gets raised every other year. What don't you get.

[adrianvbarrera]

Well you stated that you raised every other year but you don't you raise every year but only half of your customers.

I misunderstood it sounded like you raised every other year and then it would only be on half of your customers.

I get it.

Adrian

[jkkalbers]

ok sorry for the miswording, I was holding a baby in one arm and probably got distracted.

[adrianvbarrera]

No problem...Thanks for the info...sounds like a very practical method of increasing prices that would be easy to implement.


Adrian

[IndyPropertyCare]

Adam...factor this into your expenses. Is it res or comm ? Res you should only increase 1.5% to 3% depending on the market area. Comm. you should increase 2.5% to 6% based on the market area. This is very effective expense recovery forecasting and honestly, if they are annual contracts then the increase is not valid unless your overhead expenses increase. There is alot you should learn about business management honestly, try taking some night courses and get a feel for the office side of ANY business. Those who manage their businesses effectively have the highest profits... Oh gezz, sorry was standing on podium :blob1: you get the point... good luck and learn all you can.

[Gravely_Man]

Prices have to go up just as the price of a gallon of milk goes up year to year. You have to make enough to cover your overhead and still make a profit. Most customers understand this.


Gravely_Man

[Christianstine]

I have been raising alot of my customers this year.They didn't complain at all.In fact with all the high gas prices they expected it!
Brian from Mi.

[Alan Bechard]

So, how many of you folks charge residentials "uneven" prices?

All of ours are priced to an even $5 amount but when you start talking about raising 2 or 3% it will get flaky real quick.

Just wondering.

Al B