Ivolume price increase1/1/2024 ![]() We had to review our pricing strategy due to. I am writing to let you know that there are some pricing changes coming into effect soon. Thank you for choosing and for your trust in. If you sound too apologetic when announcing your price increase, you are undermining your product’s value. Avoid sounding apologetic: As a business, you have every right to raise your prices every once in a while, whenever you have a good reason for doing so.giving them an opportunity to upgrade to an annual plan for the old price until a certain time. Let them take advantage of the current prices: Turn negative news into a revenue boost before the actual price increase by offering perks to your existing customers – e.g.Explain the value your customers will be getting: Focus on the value your customers are going to receive after the price increase – such as adding new essential product features they have been requesting, improving the service performance, ensuring better customer support, etc.Communicate the reason(s) behind the price increase: Whether it’s higher operating costs or the need to enhance your product/ service – make it clear for customers that you are not chasing profits, but are merely responding to the changing market environment.Ensure your customers have some time to adjust to the new offer, re-assess their budget, or research the market for alternatives. Inform customers in advance: Communicate the price increase as soon as you make the decision and before the new prices go into effect.Netflix price increase announcement How to notify customers about price increases
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