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Raising Prices Without Losing Customers

A price increase feels scary but is often overdue. Here is how to do it gracefully.

Raising Prices Without Losing Customers
Photo: libraryofcongress via Openverse (CC0)

Prices should keep up

Costs rise over time, and prices set years ago quietly stop covering them. A considered price increase is not greed, it is keeping your business sustainable, and it is often long overdue.

Lead with value

Customers accept higher prices when the value is clear. Rather than apologizing, remind people, through your presentation and story, of the craft and quality behind the work. Confidence in the value makes the price feel fair.

Change prices cleanly

A clear, one time adjustment is easier to accept than frequent small creep. Setting a new price and standing behind it reads as intentional, while constant tweaking reads as uncertainty.

Accept some churn

A price increase may lose the most price sensitive customers, and that is usually fine. The customers who value your work stay, and you earn more per sale, which is a healthier business than serving everyone for too little.

Key takeaways
  • Prices must keep up with rising costs
  • Lead with value rather than apology
  • Make a clean, one time adjustment
  • Accept losing the most price sensitive buyers
Julien Jimenez
Written by

Julien Jimenez

Julien Jimenez is an independent software builder based in Paris. He designs, ships, and operates focused SaaS products for small businesses and independent professionals. Read the full author page.

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