How to Raise Your Prices Without Getting Burned

Are you considering raising your prices in 2016? Many salespeople look at raising prices with a grain of salt, a double-edged sword if you will. <-- Click To Tweet On one hand, raising prices means more earnings and greater profits. On the other hand, it could upset or scare away your current client base. Price increases are definitely worth approaching strategically. It’s true, there’s a definite and obvious upside of charging more for your products and services. But, if you lose your current clients in the process, is it doing any good? The good news is there is a way to raise your prices while still minimizing its impact on your current client base. In fact, there are three steps you can take to increase your chances of gaining all the benefits of a price increase without having to deal with the downside.

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Your Greatest Leverage Tool in Sales

It bothers me. No, it drives me crazy. What, you ask? Picture this, a sales organization delivers great service and great results. In fact, their client base is absolutely thrilled with the entire process of working with this particular organization. Yet, the organization does nothing to leverage this success. Their prospects don't know about it, perhaps individuals within this organization don't even know about the great work they've done in the past!

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What’s Your Point of Focus?

Wow. We are officially in 2016. You're hearing me talk a lot about activities and tips for starting 2016 on the right foot. This is a deliberate attempt to help you focus on getting ahead and making the upcoming year your most successful to date. If you're reading this blog and taking the time to increase your knowledge, I know you can do it. Speaking of focus, what are you focused on in your day-to-day tasks and routines?

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