Maria raised the price of her coffee, I am also upping my service fee....

@Cutie18f (9564)
Philippines
March 30, 2013 7:41pm CST
I'd been thinking about this increase I want to do starting this coming school year. Prices have gone up and I'd been having this rate for two years already so now I think it is time to raise it by Php 50/hour. In one discussion by a fellow Mylotter, she mentioned about raising her coffee price and this reminded me of my plan to also increase my service fee per hour. In our locality, my rate is just a little above the normal rate but when you compare it to the rates in the bigger cities, it is not even half their rates there. What do you think of this?
1 person likes this
8 responses
• United States
1 Apr 13
as you know you are supposed to be inbusiness to make money so you can live, youcannot operaate at a loss. if you do you just go out of business.
@Cutie18f (9564)
• Philippines
1 Apr 13
Hi Cox! Yes, that is why we are in business. We have to stay afloat or else.
@TeamCholent (2844)
• United States
31 Mar 13
When raising prices and this is something that needs to be done from time to time to keep up with inflation you need to stay competitive at the same time. You can't compare rates in other cities to yours as you are not competing for business there and have to deal with the locals by you. What do you plan on doing at school? Best of luck!
@Cutie18f (9564)
• Philippines
31 Mar 13
Hi Team. That is very true. On school days, I do tutoring and training kids.
@wolfie34 (26881)
• United Kingdom
31 Mar 13
Yes I read and responded to her discussion and told her she was wise for doing this, at the end of the day her business is not a charity! I will say the same to you my friend I believe your increase is fair, and you have to live! You work hard and I know you are very professional so I am sure people won't mind at all for the increment.
@Cutie18f (9564)
• Philippines
31 Mar 13
Thanks for that inspiring comment Wolfie. I know they won't mind.
@ARIES1973 (9441)
• Legaspi, Philippines
31 Mar 13
Then I'll have to increase your tax also, he he. Just kidding. Well, as long as the quality of our work is guaranteed, there will be no problem raising the price of our service/s. We all know that the prices of prime commodities are also getting higher each day. It is but necessary to adjust our prices also. Have a wonderful day!
@Cutie18f (9564)
• Philippines
31 Mar 13
Quality is no problem because in my case I will give my best when I render service to my clients. It is the only way to keep them.
• Jacksonville, Florida
31 Mar 13
I just raised my fees too, just a little bit. Before that it has been 2 years since I raised my rates as well. I always just make sure I am $15 less than other childcare providers in the area. As long as I stay below that I know I'm good. :) I let my clients that have been with me for years stay at the same rate but all of the newer clients get the new price.
@Cutie18f (9564)
• Philippines
31 Mar 13
Well it's good to hear that Loving. We need to stay afloat as well. Other businesses have increased their rates so we need to go with the flow in order to survive.
@MoonGypsy (4615)
• United States
31 Mar 13
raise your prices only because you need to, not just to up the price. people are just raising their prices everywhere. things are getting to be so high priced. it's getting ridiculous.
@Cutie18f (9564)
• Philippines
31 Mar 13
It's the prices of food and the gas that usually go up first. Everybody needs to survive.
@cynthiann (18635)
• Jamaica
31 Mar 13
You haven't increased it for two years so an increase seems reasonable but you should do your homework first to find out if the people in your area can afford an increase and are willing to pay for it. My advice wouod be for you not to raise it too high and see the reaction from your clients
@Cutie18f (9564)
• Philippines
31 Mar 13
Yeah Cynthia, I am also considering that. There will be a little increase from 250 to 300 per hour.
@emily7339 (1340)
• Malaysia
31 Mar 13
Hi Cutie18f, Yes, I saw her post on such increase of coffee price. I think it is justified for her to do it as she has not been increase it for over two years. And her pricing is still below the competitor's even after the increased. I guess you have every right to adjust your price according to the standard of living in your area. If it is not a substantial increase, I guess your client will agree with you. No harm to increase it since you have not over two years. You will see the result in your coming months of business by observing the respond from your regular clients. If they are still supporting you, this means that they are not against your increase. If otherwise, you may have to explain to them whenever you have the opportunity. No one would want to do a loosing business unless one is involving in charity.
@Cutie18f (9564)
• Philippines
31 Mar 13
You are certainly right, Emily.