Is It Good Thing To Increase The service Price?

wikicrunch Level 1

June 27, 2014, 9:45 am

16

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As my beginning I gave my article writing service for 1$.After my 25th order I decided to increase my gig price to 2$. But I am confusing that ,Is it a good Idea.I think I need your help at this problem.What you think?Increase or not?

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Beverly

Beverly

Sometimes a lower price is good for attracting business. However, once you become established with more good reviews, you might want to raise your prices to allow yourself better profit for the time you invest. You could also choose to add extras to your $1.00 service, which would allow you to earn more from select customers that wanted more services, without increasing the base price that many of your current loyal customers are accustomed to.

12 years ago

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brownie

brownie

I guess you could increase it and see if those clients still follow you. If they do, you made the right move. If not, then you can always lower it back.

12 years ago

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Beverly

Beverly

I guess you could increase it and see if those clients still follow you. If they do, you made the right move. If not, then you can always lower it back.

When I first started, my prices on some services were lower and when I raised even by a few dollars, I got a comment from a regular client about the price increase. He still ordered anyway.

12 years ago

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wikicrunch

wikicrunch

Yes it depends on your Service Quality.

12 years ago

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Christy14

Christy14

Oh.. very nice question at this time, basically it mainly depends on quality of work done and so it may cause changes in different works, if you can do best service you may increase your rates..

12 years ago

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Beverly

Beverly

Yes it depends on your Service Quality.

Yes, so long as you are offering the best quality every time you deliver an order, then you can easily charge what you want and you will always have willing buyers.

12 years ago

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Wayne

Wayne

Do what feels right for you. And, if increasing your prices helps you deliver better service and also gives you some profit margin, then you are more likely to stay in business than if you cut yourself short.

12 years ago

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angie828

angie828

If you produce high quality content then you should be ok with raising the price a bit.

12 years ago

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Hunter

Hunter

By raising your price, you could easily subcontract your work out to someone else who would do the actual labor while you profit. You would have a nice profit margin and do very little work and earn around the same money as you are now.

12 years ago

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benlovesjane

benlovesjane

I think that when there is quality people will be willing to order at a higher price.

12 years ago

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kerensascott

kerensascott

if you have great writing skills the you should definitely increase the price.

12 years ago

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MineCraftBoy

MineCraftBoy

You should always charge according to what you think your time is worth. And, your time might be more limited than someone else selling the same service. That means you will have to be paid more for working the same service as you don't have as much time to invest into it. Otherwise you won't run a profitable business.

12 years ago

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Dayton

Dayton

Why is everyone rushing to sell services for $1.00?

It's not like you are earning much from that amount.

You need to consider the real value of what you are offering, not try to compete on prices as this leads to financial ruin.

12 years ago

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vinaya

vinaya

If you have many orders in your hand, it is very wise to increase your gig price. After your successful orders, you will surely have many positive reviews and rating. You have now experienced seller, people will trust you. Therefore, it does not matter to the buyers when you increase your price. However, for the recurring buyers, you will have to give some recurring discounts. When you have successful orders, it is high time that you give yourself a promotion.

9 years ago

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