As we near the end of the year, I begin thinking about the rates I charge my clients. I find myself wondering if it’s time to raise them again. In these last couple of years of the pandemic, inflation has been a hot topic, especially in the last few months.
I may not run my own surveying business anymore, but I do still run my own service-based business. So the same principles apply.
The question is: do we just eat it and keep the same rates? Or do we take action and raise our rates accordingly?
Personally, I tend to only raise my rates every two or three years. Part of my logic stems from the daunting task of writing those emails telling my clients that they are all going to start paying more. I really hate doing that, even though the vast majority of my clients seem to understand. I mean, if nothing else, perhaps it gives them motivation to do the same?
This year, inflation is at an all-time high. The current gasoline prices are certainly not surveyor-friendly. And that’s only one aspect to consider.
Granted, I don’t want to make this a political issue. The reality is that prices are higher and I need to deal with it, regardless of why. Do you have plans to raise your rates? If so, how do you plan to do it? How do you break the news to your clients?
I’m so proud of our first-ever calendar, and I really don’t want anyone to miss out. It will be up for sale for at least another month, maybe two, but you really should jump in now so you can have it in time for the new year.
There’s a really great thread about it and many folks are now chiming in about the quality of the calendar after having received them. Check it out and get yours today! 🙂
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