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Phasing in price increases and staying in control

It is a very common for contractors to find themselves locked into to a historical pricing structure that is holding their business back.

Remaining under-priced for too long can be catastrophic. Not just because it's a barrier to making a profit but because it's very likely that any inflationary price hikes will not keep pace with any price rises that may be levied by suppliers.

The thought or raising prices 10, 20 or 30% across the the board will fill some contractors full of dread and worry that a mass exodus will ensue.

The following will explain how to increase prices without losing clients.

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Replies

  • Will have to put my prices up to see the rest of the topic
  • PRO

    Plus 1

    chris said:

    Will have to put my prices up to see the rest of the topic
  • PRO

    Perhaps a shift in mind-set guys?

    This tip alone has the potential to save/make many multiples of the Premier fee in one foul swoop.

  • PRO
    ???? £3.00 odds a month or £40 a year is hardly going to blow your marketing budget lads.
  • Oh dear, Is this the way Landscape juice is going.


  • Duncan said:
    I don't have a marketing budget, so I guess 40 quid isn't too bad, I'd join, if I'm allowed.

    I'll give you a tip for free though, ignore inflation, it's a fairy story. Concentrate on money supply, that's what'll kill us, depreciating ourselves into a competitive position with regard to exports. It's happened before, and it's happening right now.

    very true duncan. sometimes wish my customers would make payments in bullion or some other alternative that cant be withheld electronically in some virtual black hole somewhere deep offshore..this contraction-often mis-spelt 'recession'. is completely intentional.

  • one fell swoop.

    all my pretty ones?
    did you say all? o hell-kite! all?
    what all my pretty chickens and their dam
    at one fell swoop?

    that's shakespeare's macduff in macbeth, on learning of the massacre of his family. it's not a good thing.

  • As soon as I get back into things - I will definitely go Premium.

    I think the LJN website and Network is invaluable, Worth the money.

    Not been on it much lately, as I feel as - as Ive not contributed yet, Im on the outside looking in :)

    but it is on my priority list to go premium member.

    Scott

  • PRO
    Fantastic post Phil! Well done! This is very similar to what I did and its working well. I will have a go at making the list too.
  • Loved it when this site was free, and you didn't feel like you were out of the click if you don't pay.

    Robbie @ PremierLawnsni said:

    Plus 1

    chris said:

    Will have to put my prices up to see the rest of the topic
This reply was deleted.

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