The prices you charge are part of your marketing identity. Do you have the lowest prices in town, or are your products seen as high-priced and high-value?
You can charge higher prices than your competitors--and have customers happy to pay those higher prices.
Having the lowest price is not necessarily the way to get more business.
How can you get your customers to accept a price increase, or even use a price increase to get new customers?
Will your customers spend more money if it saves them time?
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