How to Raise Prices

Have you ever felt that it was time to raise your prices, but held back due to fear?

Maybe you imagine that if you raise your prices, your clients will stop buying from you or worse, you’ll go out of business altogether.

Figuring out how much you should charge as well as knowing whether or not you should raise your prices are important topics we’ve touched on before.

But as you know, pricing is a multifaceted and often complex issue that can change with each industry.

The key to charging more is knowing how to properly convey your value. @Ramit Click To Tweet

Which is exactly why we’re diving back into pricing on today’s episode of MarieTV with my dear friend and personal finance expert, Ramit Sethi.

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How Much Should I Charge? Here’s How To Figure It Out

Do you go back and forth in your head wondering, “How much do I charge for this?”

If you’ve ever struggled to put a price on your products or services, you’re not alone.

The “how much should I charge” question is one of the biggest, most common questions I get asked, by new business owners and seasoned pros alike.

As you know, it’s really important to price your products and services right, for obvious reasons like sales, cash flow and profit margins.

But it’s even more important for nuanced reasons like brand positioning and helping customers understand and appreciate the value of their purchase.

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Why Some Business Owners Must Raise Prices

How do you grow a business when you really can’t outsource YOU?

What if you’re a fine artist, or in another creative field in which people pay for a unique product or experience that only you can deliver?

Business owners like this can find themselves with a real luxury problem: too much demand and too little time.

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