Chill & Prosper with Denise Duffield-Thomas

Ask Me Anything: Increasing your prices

Sep 26, 2024

Raising prices can be intimidating, but it’s really about recognizing your worth. Effective communication and aligning your energy are key. With a backdrop of rising living costs, it’s essential to approach price increases sensitively. Understanding client dynamics plays a crucial role in timing your hikes. Furthermore, perceptions of value can heavily influence consumer decisions. Ultimately, fair pricing empowers both businesses and customers alike, reinforcing that self-worth isn't tied to price tags.

33:03

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Quick takeaways

Understanding your worth and addressing money blocks are crucial for successfully increasing prices and building confidence in your services.

Effective communication and strategic alignment with your audience can turn client resistance into acceptance when raising your prices.

Deep dives

Dealing with Money Blocks

The podcast emphasizes the significance of addressing money blocks within a supportive community. Participants are encouraged to confront issues such as mindset around pricing and emotional ties to money shaped by family or past experiences. The discussions include personal anecdotes, highlighting the need for a safe space to share fears, successes, and strategies for overcoming financial challenges. This holistic approach aims to foster a healthier relationship with money, allowing individuals to break through income plateaus and build confidence.

Intro

2min

Embracing Improvisation and Raising Prices

4min

Navigating Price Increases and Client Dynamics

14min

The Value of Pricing Perceptions

9min

Empowering Your Pricing Strategy

4min

Raising your prices can feel like a daunting task, especially when you're worried about losing clients.

But what if I told you it's not just about the numbers?

It's about understanding your worth, communicating effectively, and aligning your energy with your new pricing. It's about clearing any blocks that are making money feel hard.

I get if it feels like a strange time to be considering a price increase - with the cost of living going up for us all, but if you're fully booked, in demand, or know you can help people, then a price increase might make sense and can be done sensitively.

I'll answer your questions about increasing your prices in today's episode.

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