[pianotech] Raising rates in recession

[Dean May]

I raise my rates at the beginning of every year. Usually it is around 3%. I
used to let it go every 3 or 4 years, but then the increase needed to be
pretty high to catch up, and it was hard to explain. This way, most
customers think a 3% increase for inflation is pretty reasonable. 

If you delay it will quickly get away from you and you get too far behind.
Then when you have to raise more than $5 or $10 people don't understand. 

Dean

Dean W May                (812) 235-5272

PianoRebuilders.com    (888) DEAN-MAY

Terre Haute IN 47802


-----Original Message-----
From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf
Of Wally Scherer
Sent: Sunday, June 27, 2010 9:18 PM
To: pianotech at ptg.org
Subject: [pianotech] Raising rates in recession

I usually raise my rates a bit every two years to keep up with the cost of
living. But since we are in a recession, is this wise to do now?

Wally Scherer

A FINE TUNE - Piano Tuning & Repairs
Wallace T. Scherer, piano technician, music educator
5020 Canal Drive, Lake Worth, Florida, 33463-8014
Telephone: 561-432-4121
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