How Best To Announce A Price Increase Without Losing Customers


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Increase prices may inevitably lead to loss of customers. In these circumstances it is essential promote the value of the product or service and consider some key aspects. Therefore, we recommend reading this article you will learn the How best to announce a price increase without losing customers.

How to Advertise the best way a price increase without losing customers

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The seller decides to increase prices: Will you lose your customers

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Sometimes, when the seller decides to increase prices of products offered by the fear occurs & nbsp; lost customers . However, it is possible to develop an effective strategy that will allow you to keep your business minimize the impact of the new prices on customers.

A respect, there must be a clear reason that drives you as a seller to make an increase and it is important to maintain constant communication and honest through a conventional digital marketing or to ensure the loyalty of your customers.

The price and its relation to the quality of the product or service

Although it is very valid to assign a fair price for a given product or service, this is usually a complex task when the actual value of the work is unknown involved regarding the quality of what is offered.

Therefore, it is important that a good price reflects confidence and a good quality of the product or service. If you add some value, you defend the fact that you provided a specific price. Consequently, you can maintain sales and some of these situations increase.

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How best to announce a price increase without losing customers

If you want to advertise in the best way a price increase without losing customers should consider advertising social networks in order to preserve or increase the quality of the product that is offered and customer confidence. Knowing this, we present some actions you can take to increase prices without any inconvenience.

Presents purchase alternatives

If you increase the price of a product, then you can choose to expand options to customers . In this way, they will have access to a cheaper product if you can not buy one that has gone up in value.

Add a promotion

You can add a promotion that serves to Generate a discount for the purchase of the product whose price has gone up. In this way, the customer will feel attracted to acquire what is presented as an offer.

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offers special treatment to customers established

A strategy that can be very helpful is offer a special collection for a service or product to existing customers. This creates an incentive for customers to continue buying what you offer.

Communicates always price changes

An action that reflects honesty is based on communicate effectively the changes you have made to the prices and why has increased the value of certain products.

This process can make use of social networks, campaigns marketing SMS, email, make a website that you purchased or blog you have created.

Evaluate the measurement unit to set the new price

In addition, it is advisable that you evaluate the unit of measurement for set the price especially when it comes to a service. For this reason, most companies prefer to offer prices through monthly installments instead of a total annual amount.

offers a basic version and a premium product

It is possible to offer a basic version and a Premium include the new price of a product. This should add a commitment to service any warranty or additional equipment. In this way, the customer is not obligated to pay the new amount for an old product.

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