“It takes money to grow.” - Sarah Williams

Is it time to raise your prices? After all, costs are up on absolutely everything. Your costs are up - on products, packaging, shipping, and more. Your costs going up means your profit margins are going down. 

If you don’t raise your prices, you’ll keep chipping away at your profit margin - and your business won’t be sustainable long term. It takes money to grow your business. A lower profit margin means less money to invest back into your business which means less growth. 

I recently had to do something about increased shipping costs in my business. My “free” shipping was costing me more and more of my profit on every order. I had to make a change. I went from free shipping on everything to a flat rate of $6.99 or free shipping on orders over $100. 

I worried about what would happen. Would my customers not buy without free shipping? Would my revenues go down? No. Instead: 

When you decide it’s the right time to increase the price of your subscription, you have two options: 

1. Raise the price across the board for everyone. 

1. Grandfather in your existing subscribers at their current price and increase for any new subscriber.

You have to raise your prices as your costs rise. You can not sustain your business long term without raising your prices.

Join me for this episode as we talk about profit margins, what the increased cost of absolutely everything means for your business, and the right way to increase the price of your subscription box. 

What’s the profit margin on your subscription box? 

Text “budget” to 940-204-0023 and I’ll send you my box budget calculator. 

Join me in all the places: 

Are you ready for Launch Your Box? Our complete training program walks you step by step through how to start, launch, and grow your subscription box business. Join the waitlist today! 

Get 30 Days FREE when you switch to Subbly: https://join.subbly.co/sarah-williams

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