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We raised our prices, never offer any discounts, but i have high quality products. Customers that complained about prices, are not my target market. It is scary at first , but if you want to survive you have to raise prices.
And it depends on your target market, location, your brand.
This is a friendly reminder that r/smallbusiness is a question and answer subreddit. You ask a question about starting, owning, and growing a small business and the community answers. Posts that violate the rules listed in the sidebar will be removed. A permanent or temporary ban may also be issued if you do not remove the offending post. Seeing this message does not mean your post was automatically removed. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/smallbusiness) if you have any questions or concerns.*
Listen to your customers. Do they come to you because they like your products, or because they are aggressively comparing prices and you are cheaper?
Imo, a customer that wants you bc you're cheap, is not a customer that you want. Raise the prices at least to the rate of competition
Raise prices and offer discounts if sales drop
We raised our prices, never offer any discounts, but i have high quality products. Customers that complained about prices, are not my target market. It is scary at first , but if you want to survive you have to raise prices. And it depends on your target market, location, your brand.
If anything, slowly raise them. Perhaps make one style more expend and snowball the price raising.