When do you think is a good timing to increase my rates?
In my experience, never be lower than the average price in your area.
At the end of the day, I want to be clearing $X so I price accordingly. 80% of what I do is value-based pricing too. less than 20% of the time do I allow for hourly rates. Depends entirely on the customer and job.
I say that it’s time to start charging higher rates when you start asking if it’s time to start charging higher rates… I’m a smartazz 😉
Lisa Kay Bonner is the owner of Solopreneur Media – Helping family-owned small business build better relationships with their customers that increase their bottom line.