PRICE increase.?

Question

Nobody likes price increase. But if have to for my service, what are some of the reasons customers able to accept, or rather that I can tell the customers?

can I say or acceptable to tell customers price increase due to adding workers pay, increase in training costs thus better quality workers, overall increase in operational cost?

Answer 1

You won't have to say a thing if your competition has a lower price. The customers will walk ... unless you can differentiate yourself by the type or quality of service. If you have a monopoly on the service and the increase is large, I'd simply tell them the truth. Why are you raising the prices? General inflation? One type of input cost?

If the increase is small, just tell them if they ask.
Most people are reasonable. If the price increase is reasonable, it won't be too big of a problem.

Peace

Answer 2

First of all.To make at least a normal amount of profit and to keep up with the other price increases.Gas prices are causing everything to go up.I think as long as you don`t over do it with the price increase your customers won`t ask any questions.They are already used to it.

Answer 3

The only reason customers will accept price increase, is when they won't have any other chioce, otherwise there is a possibility that they go to the competition.