How to Communicate a PRICE INCREASE to Your Bookkeeping Clients

How and when should you communicate with your clients that your prices are increasing for your bookkeeping services? In this video, I will share a few reasons to include such as raised QBO subscription fees, cost of office rental, and so on. I also touch on how this works when you switch from an hourly to a fixed-rate pricing model in your bookkeeping business.

Steps to changing your prices:

1. Give clients sufficient warning of price increase

2. Be as clear and possible as possible in your letter to your clients

3. Send a periodic reminder

4. Decide on your level of flexibility

5. Send a new contract

6. Plan for future price increases

RESOURCES MENTIONED IN VIDEO:

• Video: How much to charge as a bookkeeper - PRICING STRATEGY: % of revenue)

• Video: CONTRACT for bookkeepers!! - How to make a letter of engagement or legal agreement as a freelancer Contracts

• FREE download Sample price increase letter

• My class, how to start your business in 30 days: Bookkeeper Business Coach