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Input costs went up, how do I announce the price hike to customers?

EEmre Y***13 days ago·29 messages·4K viewsClosed#moving#costs#strategy
EEmre Y***ExpertCommunity member
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#1

I want to ask about how to announce the price hike to customers since input costs went up.

DDamla E***Veteran
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Most Helpful#2

I have experience with this, gotta say: announcing price increase depends on a few factors. Gather the data first, don't make emotional decisions.

MMehmet M***Member
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#3

Technically: there are two main factors in deciding on announcing price increase. Cost-benefit and risk management. Decide based on data.

İİbrahim T***Member
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Doki · Backup setup · 2023

#4

Another perspective: maybe the core issue with announcing price increase is something else. Think about it like this...

HHasan A***MemberCommunity member
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#5

this was a problem for me too thx but anyway ended up having to find another way... really stressful situation.

JJülide K***ExpertCommunity member
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#6

Another perspective: maybe the core issue with announcing price increase is something else. Think about it like this...

DDilara B***Member
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Doki · Interface design · 2024

#7

Another perspective: maybe the core issue with announcing price increase is something else. Think about it like this...

BBurak A***Expert
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#8

Another perspective: maybe the core issue with announcing price increase is something else. Think about it like this...

SSinan B***VeteranCommunity member
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#9

Another perspective: maybe the core issue with announcing price increase is something else. Think about it like this...

OOnatMember
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#10

Let me clarify the technical side. Don't enter any agreement without an exit plan.

Proven by experience.

AAlper Ç***Member
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#11

This approach has a cost, which isn't discussed. Calculate how many months you can survive without revenue, then halve that number.

When making a decision, first look at what data you have on hand. Proven by experience.

VVahide A***Member
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#12

Let me summarize the topic, since several different answers were given. Don't enter any agreement without an exit plan.

If you have questions, write them; I'll answer as best I can.

FFeritMember
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#13

I think differently. When making a decision, first look at what data you have on hand.

Trying to do this alone is the most expensive way.

AAhmet E***Member
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#14

The most overlooked point about announcing price increase is this: When making decisions, write down the worst-case scenario too not just the best.

Hope this helps.

TTaner O***ExpertCommunity member
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#15

This is exactly what we experienced. Don't enter any agreement without an exit plan.

CCerenMember
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#16

There are three things to check when doing this. People defend habits, not processes. Resistance comes from there.

ÜÜlkü O***MemberCommunity member
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#17

it's rare to find an explanation this clear. when we decide without measuring, we always end up in the same place.

mistakes made on the announcing price inncrease side are usually reversible but expensive. of course it varies if your situation is different.

HHakan Ö***MemberCommunity member
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#18

Generally correct, but one part is missing. If you get three different answers on a topic, the question was asked wrong.

EEmre K***Member
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#19

I've been down this road, let me tell you. Measure first then divide. When the order is right, the debate ends.

Splitting your budget without knowing where you're losing users is just throwing money in the dark. Of course it varies if your situation is different.

DDenizNew member
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Junior developer
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#20

let me share what happened to me; it might be useful but anyway calculate this based on total annual cost, not the monthly bill.

just leaving this note it might be useful.

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