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#1 Misterioso

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Posted 22 September 2021 - 17:12

I haven't put my prices up for some time now (approx 3-4 years) and am thinking I probably should. But times are hard for everyone just now, and I'm wondering if I should hold back until next spring in the fragile hope that things might look better then. I'm just wondering what other people's views are about price changes just now, and whether anyone has made changes recently.

 

:anyone:


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#2 KathyB

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Posted 22 September 2021 - 17:46

I’m feel img a bit the same and decided to keep it as it is for now. However I have increased the cost for new students.
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#3 Bagpuss

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Posted 22 September 2021 - 20:29

I'm not a charity so, much as I have a sliding scale, my fees go up every 4th term just as they always have.

How else can I keep myself in gin, Molton Brown and everyday diamonds?

Bx
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#4 Piano Meg

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Posted 22 September 2021 - 21:08

I would probably be putting mine up if it wasn't for the fact that I'm still teaching online. It doesn't seem right (or possibly wise) given the circumstances. Though perhaps I wouldn't increase currently anyway. Not sure.

I gave a bursary to one family who were struggling last year... that's another option to consider - prices up but short-term relief if someone needs it?


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#5 Cyrilla

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Posted 22 September 2021 - 21:22

If you set up a system where a price increase is expected (it's in your Ts and Cs) every September/January/whenever there's an R in the month, then the trap is avoided of not increasing for several years and then suddenly realising that something has to be done.

 

Believe me - instant relief from angst and any problems like this one.

 

:)

 

@Bagpuss '...everyday diamonds'...'   :lol:  :lol:  :lol:


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#6 Aquarelle

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Posted 22 September 2021 - 22:16

I increase every 2 years normally. This is the year for the increase but   I don't feel I want to do it. there are various reasons for this - some to help families who really have had a tough time and one to help me. I just couldn't face working out all the bills again. I have had too many personal difficulties to want any extra admin this year. I have told them to expect an increase next year. (It won't be a double one.) I do think it's best to have small yearly increases rather than leave it for several years and then catch up.


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#7 Misterioso

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Posted 23 September 2021 - 09:24

I must admit, when I watched the news last night I almost definitely decided I wouldn't this winter with fuel prices rocketing. I have in the past given a reduction to pupils where there were financial difficulties, and would happily do so again....but it's knowing when there is genuine difficulty and when people are taking you for a ride. I will perhaps give notice that there will be an increase in the spring. It won't be a big hike (unlike the ABRSM!) and will be in line with local teaching rates.


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#8 agricola

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Posted 23 September 2021 - 10:48

I've put mine up a bit.  No-one has complained.  I have done a lot of extra unpaid hours during the pandemic outside of lesson time getting everyone organised, as I'm sure most teachers have, so I think a small increase is reasonable.


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#9 elemimele

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Posted 24 September 2021 - 13:35

As a customer, I'm definitely with Cyrilla and Bagpuss on this: regular small increases that happen every year are better than a panic-hike every three years. We expect prices to go up. If you make it coincide with the beginning of a new school year, or something like that, it feels more natural and inevitable. As, in fact, it is, because your own living expenses will no doubt be undergoing the same gradual inflation.


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#10 Misterioso

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Posted 24 September 2021 - 17:38

Ah well, I guess I'm just too nice then! I tend to think "things are really hard for people these days so I won't put them up just yet"! But I will do it in the spring.


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#11 barry-clari the second

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Posted 24 September 2021 - 18:08

My fees last went up in Sep 2019.
I didn’t increase in either of the last two years, but will be increasing again in Sep 2022. My fees are a bit above MU rates so I am eating well and can afford reeds :lol:

#FreeTheCorenfaOne
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#12 Arundodonuts

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Posted 24 September 2021 - 20:16

Times are hard for you as well as everyone else. Put your prices up. I'm never put out when my teacher does so, she has to make a living.


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#13 Cyrilla

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Posted 24 September 2021 - 21:56

Running a business and being nice are not mutually exclusive.

 

My plumber is extremely nice - helpful, professional, accommodating - but I'm quite sure he doesn't agonise when he puts his prices up (which I expect him to do on a regular basis).

 

:)


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#14 Hedgehog

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Posted 25 September 2021 - 08:19

I should have increased prices Sept 2020, but held off because of online lessons/pandemic/life, the universe and everything.  But this year, my accountant (Mr H) explained about the imminence of inflation and we did a few calculations and my prices went up in September - just in order to keep pace with the RPI (or whatever criteria he uses).


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#15 zwhe

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Posted 25 September 2021 - 17:28

I always put my prices up in September. Even if it isn't by much it stops people assuming it will never change and avoids large increases. People might think twice if your prices go up by £3 after a few years but won't mind £1 a year. I send out t&cs each year with the price for that year and highlight any changes. Of course people don't always read them, but they can't argue if I point out they have signed to agree.


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