How I Raised Prices Without Losing Clients

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  • Опубліковано 10 лип 2022
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    What should you do when you are getting busier and busier? One thing you could do is raise your prices, but what happens to your existing clients? How will they react and how can you make sure you don't lose them? Find out in today's video.
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    #RaisePrices #Clients #sales
    This video is about How I Raised Prices Without Losing Clients
    • How I Raised Prices Wi...

КОМЕНТАРІ • 59

  • @joshuamclean4588
    @joshuamclean4588 Рік тому +34

    I like that last bit! “If people aren’t giving you a hard time about your prices, you’re charging too little”

  • @nikane2001
    @nikane2001 Рік тому +8

    I also think the higher price requires higher commitment from the buyer therefore higher chance of success higher satisfaction! Completely different perspective! Thanks Dan!

  • @luiscardenas9666
    @luiscardenas9666 Рік тому +2

    Great Dan , first mind set second value

  • @alittlebitofeverything1181
    @alittlebitofeverything1181 Рік тому +6

    You have inspired me so much to start my youtube channel thank you so much

  • @P.EnglishLiterature
    @P.EnglishLiterature Рік тому +25

    This is inspiring, one thing I've come to know is when work demand is high, that's the exact time to start increasing your price irrespective of the nature of your business. I started my services charge at $25, then, I increase it to $50, and as soon as more clients keep coming and I keep getting busier and better, I increased it to $75, then, $100, then $125, it's currently at $150. Yesterday I was imagining how I've been able to transition from $25 to $150 with the same kind of service, that's basically how it works. I haven't gotten to Dan's level of 1000$ much less of charging 2000$ but I'm optimistic that better days are coming, just I've plan to diversify my works. Dan, you've been a motivation to millions of people, entrepreneurs, and business owners across the world, and I'm saying thank you.

  • @bitarrabih7587
    @bitarrabih7587 Рік тому +2

    Watching this was amazing!

  • @rexyclimaxx1125
    @rexyclimaxx1125 Рік тому +15

    Actually, I also had to increase my price to about x3 in order to start getting more customers, but I'm thinking about increasing it again, because I'm not still getting resistance from some clients.

  • @LordGhost.
    @LordGhost. Рік тому +5

    What you said in the end is actually true. When someone undercharges me for something, i'm like" yeah ok, excellent" 😂

  • @shadiabboud2076
    @shadiabboud2076 Рік тому +4

    In this case I think we must find out another way , it is not not how to rise the price or manipulate about clients , it's depends on the market cause every area has its own techniques , if I have to buy in higher price I should give him a higher quality so the costs will be more than I planed before , anyway it was a great illustration. Thank you Dan.

  • @officiallazkidikan6093
    @officiallazkidikan6093 Рік тому +6

    Wow Dan Lok much respect from Nigeria

  • @officiallazkidikan6093
    @officiallazkidikan6093 Рік тому +22

    This also happened to me when my girl friend asked me to increase my service fee she asked me to increase it 5x I was like no one would ever pay but guess what I even got more sales I later realized some of my older clients didn't pay not because they didn't have the money but because they thought it was just too cheap too good to be true 🤔

    • @mosesoluwatobi3630
      @mosesoluwatobi3630 Рік тому +2

      What is your service?

    • @officiallazkidikan6093
      @officiallazkidikan6093 Рік тому +2

      @@mosesoluwatobi3630 I make professional 2d animation for businesses and music artists and who ever is interested in an animated video

  • @amvic207
    @amvic207 Рік тому +2

    My name is Lok, Dan Lok.
    thank's very much Sir.

  • @MrDarshD
    @MrDarshD Рік тому +4

    Such an important advice! Time is indeed money and we mustn't value ourselves less. Thank you Dan!

    • @uchechukwugodsentjohnson5924
      @uchechukwugodsentjohnson5924 Рік тому

      Brother time is not money, that is poverty language, rich people all over don't trade their time for money but poor people do!

  • @matsuyamaehime6494
    @matsuyamaehime6494 Рік тому +2

    wow - absolute wishy washy tripe, great job in describing this codswallop!

  • @vikash_baghel
    @vikash_baghel Рік тому +2

    Nice bro

  • @marusu0156
    @marusu0156 Рік тому +2

    Appreciated

  • @dequince
    @dequince Рік тому +5

    If they aren’t bitching about your prices you charge too little 🎯 #yuhhurdme

  • @BoyetYaw
    @BoyetYaw Рік тому +3

    I actually priced my entire collection at a very high amount to get noticed. I am getting too much resistance. Haha Is that a good approach?

  • @diamonds5855
    @diamonds5855 Рік тому +2

    how do i monetarize my chat room? charge to enter the room?

  • @taachipubg
    @taachipubg Рік тому +8

    In our country every price is high customers making their faces even for low price some want almost free n some trying to keep the price low by mentally effecting the sale man 🤣

  • @durojayefatai9504
    @durojayefatai9504 Рік тому +1

    Great one king 👑

  • @GiC7
    @GiC7 Рік тому +2

    Nice

  • @goldtier777
    @goldtier777 Рік тому +5

    Nice, that's the basic concept of mentoring, it may sound crazy at first 😂😂, but like you said never argue with results, it's always what you didn't expect

  • @divinahbeauty250
    @divinahbeauty250 Рік тому +1

    this video came right on time

  • @medjlife
    @medjlife 5 днів тому

    My confort asking for more, for what im worth.
    Resistance

  • @VlogWithSanty
    @VlogWithSanty Рік тому +1

    I am the first video viewer on this video

  • @sn4100
    @sn4100 Рік тому +3

    Roger that. Out of comfort

  • @kiki_herbal
    @kiki_herbal Рік тому +1

    Hi Mr Dan lok please how can I get you?

  • @isholadebby3604
    @isholadebby3604 Рік тому +1

    People tell me my products are too expensive ,people prefer low products even if it wasn't effective..They only care Abt the low price

  • @mystikalofficialmixvlogs468
    @mystikalofficialmixvlogs468 Рік тому +2

    very like it he's a real person it's my mentor but didn't know hehe he's my idol

  • @isaacsilver4901
    @isaacsilver4901 Рік тому

    Hi

  • @HURPSYYEMRAY1
    @HURPSYYEMRAY1 Рік тому +1

    💪💪

  • @bethmccall9254
    @bethmccall9254 Рік тому

    How about morals and ethics over marketing and gouging?

  • @believe-in-yourself
    @believe-in-yourself Місяць тому

    Thousand Bucks! Wow.. more.. really.. double it! 😀

  • @mdshakilahamad731
    @mdshakilahamad731 Рік тому +1

    Aap all videos Hindi dubbed me upload kare

  • @mrcambo2300
    @mrcambo2300 Рік тому

    Good 👍

  • @vijay156
    @vijay156 Рік тому +4

    He didn't tell how his clients reacted on doubling the price... Just have confidence and double the price.. it looks stupid !!

  • @maiisy7734
    @maiisy7734 Рік тому +2

    Good Day Here in Philippines customer prefer low cost price and expect an excellent output LOL 😂

  • @varanbby3738
    @varanbby3738 Рік тому +1

    I have talking on phone phobia

  • @DoctorMGL
    @DoctorMGL Рік тому +2

    so you were just increasing the price for no reason ! lol

  • @krishnamohan8040
    @krishnamohan8040 Рік тому

    1st cement

  • @dr.rohanperera4993
    @dr.rohanperera4993 Рік тому

    ME FIRST

  • @harveyking5038
    @harveyking5038 Рік тому +1

    so this guys sells courses to make his money but doesnt actually run any businesses.

  • @MrRogerrabbit1a
    @MrRogerrabbit1a Рік тому +1

    I charge 40000$. Now, they react:) as I charged 20000$, it was okay..lol

  • @user-jh3ep7hx1f
    @user-jh3ep7hx1f Рік тому +1

    But in India, it's not/never Possible 😅

  • @isholadebby3604
    @isholadebby3604 Рік тому +3

    People tell me my products are too expensive ,people prefer low products even if it wasn't effective..They only care Abt the low price

    • @victoriousappricot8559
      @victoriousappricot8559 Рік тому

      Hi,
      You are Nigerian?
      I'm one. The struggle is real. I doubled my product prices but I didn't just do that.
      I improved my packaging and turned shopping with me into an experience.
      You have to prove to people why it's worth the price I guess.
      And what's your target audience?
      I sell luxury Hand-picked Jewelry pieces, it's not for everyone.
      Don't target everyone.
      I have gotten a ton of customers and I'm working harder on building my brand. Good luck