When and How to Raise Your Prices

When you’re self employed, one of the most difficult tasks you have can be setting your prices. In fact, you may eventually find that you’re not charging enough and that’s when it’s time to reassess your business and possibly increase your prices. A few reasons this could be the case include:

1. Your skills have improved

Do you look back at work you did a year ago and cringe? Even if you’re not actively seeking to improve the quality of your work, your skills will naturally improve over time. If you’re putting out higher quality work, you deserve higher quality payment.

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