Raising Your Prices Ethically
Manage episode 380266290 series 3257722
Let's talk about ethically increasing service rates or product prices without alienating lower-income customers and striking a balance between financial sustainability and service.
Key Takeaways:
1. Raising prices is a necessary part of business growth and sustainability. It doesn't mean excluding low-income individuals but finding a balance between service and financial stability. 2. You deserve to earn from what you love doing, and it's essential to value your high-quality offerings while maintaining yourself financially. 3. Self-employment complexities shouldn’t deter you because there’s an inherent desire for more – better outcomes not only for clients but also personal fulfillment and financial reward. 4. Wanting more money does not make you bad—it makes you someone who understands that quality work deserves fair compensation. 5. There are ways to remain accessible while increasing prices; this could include offering free services or donating part of every invoice sent out.
Keywords: raising prices, self-employment, sustainable business practices, social impact, social change.
In this episode of Compassionate Side Hustle Strategy with Rochelle Sanchez, we discussed the often tricky subject of raising prices in a way that balances earning a living with serving those who need us most without alienating lower-income customers - all contributing towards positive social change and impactful societal contribution!
Remember friends; don't undervalue yourselves or your services! Let's continue making waves in our respective industries by staying true to ourselves whilst ensuring our businesses thrive sustainably too!
92 episodes