How to Tell Your Customers You’re Increasing Your Prices Communicating a price increase to your customers is a delicate process, but transparency and clarity are key. Here are 8 steps to effectively convey the message: 1. Advance Notice: Give your customers ample notice before the price increase takes effect. This shows respect for their loyalty and allows them to plan accordingly. 2. Clearly Communicate the Reason: Be open about the reasons behind the price adjustment. Whether it’s due to rising material costs, enhanced quality, or …
