Do I raise prices to match new market rates, even if I risk losing some existing clients? Scary decision time!

like
Posting as :
works at
You are currently posting as works at

For clients you have built relationships with it is definitely worth having the conversation. For new clients; new or modified payment structure makes sense. Expenses, overhead, consultants, tools, resources all fluctuate and should align with the cost of doing business.
Be transparent and be prepared to provide a high level overview of the why, what these means for existing clients and employees and what you need from them and when the change becomes effective.

Why would you lose clients by pricing within the market? Competitors will either have the same price or higher so there’s no added value for customers to go elsewhere.

Related Posts

How do you choose location when buying a home when a consulting future is uncertain? Proximity to airport/ office? Ignore it and suck up the commute?

like

I’m sure you don’t get many of us industry peasants here but I’m looking for advice.. I’m 24yo in ERM, doing a M. Statistics, CFA L2 in June, what should I move into if I want to get to MBB in 5y?

like

Any book recs on how to improve soft skills (ex. Communication, leadership, etc)? Doesn’t beat real life practice of course but would be a good starting point. Thanks!

like

Hi Everyone Looking for Job change .
Need your referance.

like

Typical day for Credit risk business analyst BA4?
How is the work life? Management? Leadership? Office transport, canteen?

like

Has anyone completed Cornell’s EMHRM program? If so, any advice for the official interview that happens after the application is submitted?

like

Opening positions for Mid English Copy?

like

GV70 vs GLC 300 please cast your vote!
My fiancée and I have been struggling for this way too long (disregard the price)

like

Have a connection through Salt Lake City on Thursday. How well does the airport perform during snow showers? How much delay should I mentally prepare for?

Hi, will be staying in London next week. Does anyone have an Accenture rate code for the Marriot / Hilton in London?

like

I am currently expecting, have informed my team. Since the organisation is in hybrid mode, when discussed earlier i was told that it is flexible in terms of wfh depending on my health condition. But now my department wants me to be in office twice a week irrespective of the prior discussion. Still half of the office is on hybrid mode. Is it a fair ask?

Hi everyone can someone help me with how is the Work from office model being followed at optum..Are they allowing work from home also?

like

What are the best areas to live in w/ easiest commute to south station/seaport area? I’ll be moving alone so looking for a fun area for 25 y/o to meet people and go out. Will also want to have a car (either on street parking or off is fine)

like

Hi 8.1 YOE as a business analyst, 2 offers IQVIA -20lpa and wipro -24 CTC, got 45 days remaining before joining. Should i expect higher offers? Around 30?or stop looking for it?

like

When is bonus paid. If someone resigns and serve notice period in Dec, will they be getting bonus?

like

There's no interesting bowl for women to discuss things they want

like

Given the continuing chip shortage situation- what changes are you making to your embedded code bases to handle hardware changes?

like

TRX, HODL or SELL ? Should I buy more ?

"She's like 30, but doesn't look super old"

likefunny
like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal