INVISION magazine recently asked WerxMarketing's owner, Andrea Hill, her advice about raising prices during times of inflation. Here's what she had to say:
Just do it, says business strategist Andrea Hill. “Don’t make an announcement or excuses. If a customer happens to notice and brings it up, be transparent: ‘Yes, our suppliers have increased our prices and we’ve passed along some of that increase.’” Most people understand. “Be strategic and raise prices only where you need to,” she says. After that, focus on these three areas:
Read this tip and other business tips in the full article link toward the top of this page.
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