Sunday, March 17, 2013

How to Raise Your Prices Without Playing the Blame Game

 
I am constantly looking for ways to raise the prices on my products and services so that I can improve the margins. As you continue to expand your company and improve your services, you'll one day face the challenge of raising your prices.
Almost every day you experience higher prices at the grocery store, gas pump and a range of other places. From time to time, the government requires you to increase employee wages. Why are you the only one not raising your prices? You may say, "My business is so competitive, and it's all price driven." Most companies make that claim. Your competition may be unwilling to ask for a higher price, but it doesn't mean you should be.
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