The best feeling is when you raise your prices and end up booking more. I am now around 3K, and have booked more in the last 6 months than I ever have.
Just do it!
Go figure, there is an EXACT VIDEO on this very topic that was just put out on Youtube by Nick Spinelli. ...Watching it now.
View: https://www.youtube.com/watch?v=HGVFTvbcGeo
Reading this thread has made me notice something. How old are you?
This year has been hard on my health. Both physically and mentally. I'm 57 and I have to realize that I'm not 10 feet tall and bulletproof anymore.
Agreed my friend. My knees told me to quit in late 2013...I was only 54.
It's not just about raising your prices. It's about who can you find that will believe you're worth the price you're asking for. If nobody wants to book you at the price you want it doesn't matter what your price is. You can have a price of $1,000 and if nobody books you at all for that price then people don't believe you're worth that price. Also it's about who you are targeting your business to. for example if you're charging $1,000 and the people contacting you on average want to spend say $400, then I say that will be a tough sell. Not impossible if you're a really good sells person. Just very difficult to pull off.
Great post and as I have said in the past it doesn't matter what it is. Some will easily pay for a product or service because they believe what they have to offer is worth it. Others for that same thing will say no way will I pay that much. It really comes down to who you target your business to.I don't think it will be that difficult to hit the number of events I want to book myself on in 2022. Now, I would be far more cautious about raising my prices if I were doing this full time, and wanted to push 50+ events in 2022. However, I only want to book 24-28 with my minimum being 20.
I am definitely not bothering with $400 events these days though. It has been years since I did one at that price, and the last one was because it was a non profit organization, and I gave them a 50% discount, and I won't be doing non profits at a big discount moving forward for the foreseeable future. My current lowest price is now $787.50 which would be for a 4 hour birthday party on a Sunday with 10% off for it being a Sunday. Saturday 4 hr parties are $925 now which is very close in price to an off season 4 hour wedding reception.