Price Change Discussions

Ah, money. The uncomfortable topic that everyone avoids like the plague in our relationships, at work, with friends. Pretty much anywhere, really. Many businesses have had to make pricing changes and/or increases these past few months with the skyrocketing economy. Aside from this, there are other reasons that your business may have to raise pricing, such as vendor/subscription price hikes and increasing service demands to name a few. So, we thought we’d chat about the do’s and don’ts of doing this. Let’s start with the things that you should do when changing pricing.