Heyo!

Welcome to the 100 R. M.

show where business gets done every day with our daily 10 minute business

lessons for the real world.

I'm your host, your coach, your teacher, Omar's at home.

I'm also the co-founder of the $100 MBA, a complete business training and community online.

And today's episode is a Q&A Wednesday episode.

On our Q&A Wednesday episodes I answer a question from one of you, one our listeners and today's question is from

Connie and Connie asks how often should I raise my rates? Hey Omar I am a business

coach and I haven't raised my rates in years. In fact I haven't

raised my rates since I started as a business coach. My question to you is how

often should I raise my rates? Thanks for the question, Connie.

It's a solid one.

No matter what business you have, whether it's a service, a product,

raising your prices is something you have to do,

especially because you're going to be continuing to add more value as the years go by.

Today's episode we're going to focus on raising your rates as a service-based business, but everything I say today applies to a product as well.

But as a service provider you are getting better, you are getting more experience, your skills are getting

better, what you offer your clients is getting better and better in quality and the more value

add your price should also match it. Also your costs are not going down.

Things get more and more expensive as years go by. So in today's episode I'm going

to answer Connie's question I'll talk about how often you should raise your rates, when you should do it, how you should do it, even how much you should raise your rates.

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