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Tagged: business decisions, client retention, existing clients vs new clients, increasing lesson fees, maintaining clientele, managing price changes, pricing advice, pricing impact, pricing strategy, raising prices
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Advice on Putting Up Prices (All Teachers)
Posted by Eliza Fyfe on July 5, 2024 at 9:29 amAdvice on putting up prices: Do I only do it for new people I take on, or just bite the bullet and do it for everyone, hoping I don’t lose clients…?
Guest Teacher replied 3 months, 1 week ago 4 Members · 5 Replies -
5 Replies
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Hi Eliza – I’d say bite the bullet! Try and see if you put it to something else. When I raised prices I was able to say that my rent on the building was going up (because it was, although not as much as I raised the prices to!). But you might be able to say that it’s down to some other expense. Hope it goes well!
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Hmmm difficult when I teach from home. It’s the joint singing and piano lessons to begin with, not sure about putting up general prices yet. But the learning of both, how can I explain where the cost is increased..?
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Maybe say that there’s more preparation involved in the double lesson?
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I have higher prices for new students and put prices up for long standing students with a letter/email stating inflation etc and that i value my longstanding students which is why the price is competative in comparison to other teachers schools etc worked fine.. just put up lesson prices by a pound but thats pure profit and work it out however much a yearhope that helps
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Hi everyone, you can find more information about this topic here – https://musicteacher.com/forums/topic-tag/raising-prices/
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