For David A. and others. My tale of increasing prices.
After 16 years in the industry, I had developed a routine of increasing my prices a little above the official inflation rate. In those days, CleanTalk wasn't even a twinkle in Paul Elliott's groin, so communication within the industry was less than minimal. As per usual, I increased my prices on January 1st 1996. In February I attended my first NCCA course. Speaking to others there, I realised I was grossly undervaluing my services. There was no way on this planet that I was going to increase my charges to their levels in one go, even though after the course I felt I was a "better" cleaner than most of them
. So I formulated a new pricing policy. I increased my prices by 50p M
2 with immediate effect so this was my second increase in about 6 weeks. I then set a goal of increasing by more than inflation over the next 3 price revues to achieve £2.30M. In the end this turned out to be £2.60 with normal inflation. Last year I increased by another 80p as I felt my charges were falling behind what the marketplace was commanding. So now I'm on £3.40 and £30 per seat.
Experience over the years has shown me that the biggest hurdle to price increases has been me. I felt as though I may have been taking advantage of my regular customers' loyalties. Absolute Bunkum!! It's as though the price is immaterial to them. They want the best service they can get, and don't mind paying a fair price. They're the kind of customers we all want.
If you fear the loss of business if you increase your charges too much in one go, do what I did. Value what your services are, set that as a goal and have a planned strategy over the next few years so that you reach it. And when you get there, you'll need to add on a few years inflation, so you'll have to increase your prices again.
Safe and happy cleaning
Ken