Money

4 signs you’re ready to increase your prices

November 30, 2016

Thinking you’d like to increase your prices and get some more abundance flowing into your biz?

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Thinking you’d like to increase your prices and get some more abundance flowing into your biz? If you’re reading this, you’re probably due for an up-level and it’s likely time you raised your prices (like yesterday) to match your amazing value. Here are the 4 signs it IS time.

1 // You feel resentful every time you charge a customer because you know the value you provide deserves more

Ever had that awful feeling of hitting send on an invoice to a customer and inside you’re filling up with resentfulness? You’re annoyed, not at them but at yourself, because you’re charging an amount that doesn’t do your work justice.

You’ve put in hours, value, thought and love and what you receive back in monetary form doesn’t feel like an energetic match.

This is a huge sign you’re ready to increase your prices.

Money is an exchange of energy but when that exchange isn’t even, it can create resentfulness, and you’re also telling the universe that you’re willing to receive less than what you deserve.

 

2 // You’re in demand and starting to get booked out

This is an obvious one but if your calendar is booking up with clients than firstly yay! Go you! And secondly, it may be time to assess if a price increase is required. 

If you’re starting to…

  • Build a waiting list of people wanting to work with you
  • Feel really confident and skilled in your area
  • Become known and respected for your zone of genius

…. then you’re in the process of up-levelling which is amazing, but make sure your prices are matching your new growth too. 

3 // You’ve proven you can get great results for your clients over and over again

If you’re starting to get consistent feedback, raving reviews and more word of mouth referrals, it may be time for a price increase. 

Maybe you’ve had the same prices from when you started out, that helped bring in your first few customers. But now, your months down the track, delivering epicness to everyone you work with and you’re still charging the same. If you’re seeing consistent results, it’s time to assess whether a price increase is due. 

4 // The clients you’re attracting can be painful and don’t seem to value your work

This can be a really difficult thing to handle in your business and I think we’ve all had experiences with tricky clients before. 

Signs this is happening:

  • You get resentful working with them
  • You lose your boundaries and go above and beyond for not enough in return
  • They may try to barter or haggle prices with you
  • They expect more outside of your contracts or original agreements

This usually comes down to a lack of boundaries and confidence in your work. If you don’t have boundaries set up, you’ll be sending out an energy that says ‘hey sure I’ll do whatever you want and you don’t need to pay me for it!’

Take a moment to assess whether you’ve set clear boundaries (from contracts to what you will and won’t do) and make the commitment to step back into your power right now. 

When you create a confident, beautiful energy that shows you respect and value your work, you’ll attract clients that also respect and value your work. 

So, what should your new prices be?

This is a whole other topic but there’s one piece of advice I always stick with.

Set your prices so it stretches you a little but you also feel confident in knowing that you’re valuing your time, energy and work.

We have to stretch to up-level, and you’ll know intuitively the price that feels just right for you.

Stay golden,

Jenna x

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