CEO Tools Blog
Tools for Upping Price
Cost-inflation is alive and well, with the CPI growing over the past six months by 5-1/2% and other costs (prices) skyrocketing -- for example, steel, aluminum, energy, food (wheat, corn, and other grains which also drive meat-feed-prices). Here are some thought-starters for increasing price...many are good ways, many are not nice ways, but they all are prevalent today. Just click on the PDF below
Develop your "price strategy" now because your costs are and will be rising rapidly (wage rates will go up because of food and energy). Be ready to implement your pricing, with adjustment, as the cost-pressure starts to rise on your business. Hope this is helpful to you!
Very best, Kraig