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Raising prices without losing the clients you actually want

Most firms that need to raise prices are afraid of the wrong clients leaving. A price rise is also a positioning decision.

Diagonal shadows cut across a concrete wall and ceiling.

Written by

Nora Ashby
Nora Ashby

Nora Ashby

Founding partner

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The fear is always the same: put prices up and the best clients will leave. In our experience the opposite is more common. The clients who leave are the ones who were only there because you were cheap, and they were rarely your best.

Price the outcome, not the effort

Hourly pricing invites negotiation because it describes your cost, not the client’s value. Ask what the problem costs them to leave unsolved. For one architecture studio we worked with, a delayed planning approval cost clients more than the studio’s entire fee. That changed every conversation that followed.

A client who negotiates your hours is telling you they can’t see the outcome.

Package before you price

Fixed-scope offers are easier to raise than hourly rates because the client is comparing an outcome with a budget, not a rate with a competitor’s rate. Three packages is usually enough: a small way in, the core engagement and a larger option that makes the core look sensible.

  • Name each package after the result, not the activity.

  • List what’s excluded as clearly as what’s included.

  • Put the price on the page. Hiding it signals you expect a negotiation.

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