Question: What’s one of the 5 clear signs it’s time for a business to consider a price hike?
Answer: ‘The cost of goods and/or labor has risen.’
“If the cost of hard goods and/or labor increases, then it will be natural to implement price increases for your services. But remember, if you are going to increase costs, it’s important to give advance notice to customers so that the implementation goes over smoothly.“
– Jessica Hawthorne-Castro, Hawthorne Advertising
For the full article go to “5 clear signs it’s time for a business to consider a price hike” at The Business Journals.