IDEA: Initiate small consistent customer price increases. They are more likely to be accepted when small.

Intiate small consistent customer price increases versus trying to pass a large unexpected increase with no warning. the customers do not remember when you skipped a year without any increase. They only know about this current increase.  When you raise prices in small increments,  they are easier to swallow and will generally be ignored by most customers. If they grumble, it will normally not be for long.  Make sure you keep track of all of your products’ cost increases and cross reference these to the price increases when explaining why prices rose.

Is there anything we missed?

How would you improve the idea above ?

OR Log in With

IDEA OF THE DAY
SIGN UP FOR THE "Best ideas" NEWSLETTER

Get the best new business ideas sent to you daily.

SIGN UP
SUBMIT AN IDEA

Here’s an opportunity to contribute your best idea to boost a company’s bottom line, and maybe qualify for a weekly award.

saved article

My Bookmark Category


  • Great Profit Ideas