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PricingQuestion of the Day

Question of the Day: Will you raise your prices in January 2022?16010

WGAN Forum
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DanSmigrod private msg quote post Address this user

WGAN Question of the Day (All)


Question of the Day: Will you raise your prices in January 2022?

Hi All,

The WGAN Forum Question of the Day for Monday, 29 November 2021:

Will you raise your prices in January 2022?

Happy holidays,

Dan
Post 1 IP   flag post
DouglasMeyers private msg quote post Address this user
About $25.00 each service across the board.
Happy Holidays Everyone...
Post 2 IP   flag post
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Bon Secour, Alabama
Chemistrydoc private msg quote post Address this user
@DanSmigrod

Have already done it, and have instituted a service fee for cc payment.

This is one of the advantages of not publishing an official price list!

Ho-Ho-Ho!

Keith
Post 3 IP   flag post
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Member
Chicago
rzphotoman private msg quote post Address this user
Yes, probably around 10% for most services.
Post 4 IP   flag post
coulee360 private msg quote post Address this user
I last raised my pricing in Jan 2020. Lost many clients due to it. I've thought about raising it just a tad bit (not much) for 2022 to make up for rising costs of living.
Post 5 IP   flag post
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Lahaina, Hawaii
Skeeter private msg quote post Address this user
Yes! Adding to price. I just need to remember how to do it on my website. LOL
Post 6 IP   flag post
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Las Vegas
VTLV private msg quote post Address this user
Has anyone ran a price comparison against the large photo companies in your area such as Virtuance, Planomatic, REX, Homesnappers or Quickpictours to see how your new pricing will compare with the big boys? If so, are you seeing these companies making some rate hikes?
Post 7 IP   flag post
WGAN Forum
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WGAN-TV Podcast
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Atlanta, Georgia
DanSmigrod private msg quote post Address this user
Quote:
Originally Posted by @Chemistrydoc
@DanSmigrod

Have already done it, and have instituted a service fee for cc payment.

This is one of the advantages of not publishing an official price list!

Ho-Ho-Ho!

Keith


@Chemistrydoc

I rarely shoot these days. Thankfully, I make a living running the We Get Around Network.

If I was still shooting, I would likely do the following:

1. no price increase for existing clients (private pricing)
2. price increase for new clients (public pricing)
3. not charge a free for credit card payments

Did you increase your pricing for existing clients?

And, why do you card a fee for credit card transactions? Doesn't that help you get paid faster and for larger amounts?

Happy holidays,

Dan
Post 8 IP   flag post
WGAN Forum
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WGAN-TV Podcast
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DanSmigrod private msg quote post Address this user
Quote:
Originally Posted by @coulee360
I last raised my pricing in Jan 2020. Lost many clients due to it. I've thought about raising it just a tad bit (not much) for 2022 to make up for rising costs of living.


@coulee360

How about keeping pricing the same for existing clients and charging more to new clients?

Dan
Post 9 IP   flag post
WGAN Forum
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WGAN-TV Podcast
Host
Atlanta, Georgia
DanSmigrod private msg quote post Address this user
Quote:
Originally Posted by VTLV
Has anyone ran a price comparison against the large photo companies in your area such as Virtuance, Planomatic, REX, Homesnappers or Quickpictours to see how your new pricing will compare with the big boys? If so, are you seeing these companies making some rate hikes?


@VTLV

Great idea seeing what the national companies – in your market - charge.

Hi All,

WGAN curates this list (many include pricing on their website):

CHEAT SHEET: Companies Seeking MSPs/Real Estate Photographers to Shoot Matterport/Other Real Estate Photography Gigs

Access is free for WGAN Forum Members.

For the password to this WGAN Form, please Private Message: @DanSmigrod

Not yet a WGAN Forum Member? JoinWGAN.com (free). You will automatically receive a welcome message from me that includes the password (and 50+ other free WGAN Membership benefits.

Best,

Dan
Post 10 IP   flag post
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Chemistrydoc private msg quote post Address this user
@DanSmigrod

The changes that I've implemented in pricing have indeed been "smart" changes - i.e. different levels for different clients. The increase absorbs the credit card fee, since everyone now pays that way.

I've instituted price increases to cover additional costs. As much money as local realtors are making, they hardly notice.

Keith
Post 11 IP   flag post
WGAN Forum
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WGAN-TV Podcast
Host
Atlanta, Georgia
DanSmigrod private msg quote post Address this user
Quote:
Originally Posted by @Chemistrydoc
@DanSmigrod

The changes that I've implemented in pricing have indeed been "smart" changes - i.e. different levels for different clients. The increase absorbs the credit card fee, since everyone now pays that way.

I've instituted price increases to cover additional costs. As much money as local realtors are making, they hardly notice.

Keith


@Chemistrydoc

Glad to hear that you increased your pricing (that includes the cost of credit card fees).

Happy holidays,

Dan
Post 12 IP   flag post
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Member
Indianapolis, Indiana
MattSCrowder private msg quote post Address this user
I'm not raising my prices, but I am raising my minimum. I mostly do large-scale tours with a drone and various 360 cameras and also laser scan to BIM with a BLK. The smaller jobs (like residential laser scans)I started low to entice contractors and architects to try the service, but now that I have repeat customers, I feel like I can raise my minimum and still be competitive.
Post 13 IP   flag post
WGAN Forum
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DanSmigrod private msg quote post Address this user
Video: Should I raise my prices? |Real Estate Photography | Video courtesy of Jordan Nielsen YouTube Channel | 11 January 2022
Post 14 IP   flag post
Expertise private msg quote post Address this user
What if two of them are friends and compare notes? Someone's gonna be mad.

Quote:
Originally Posted by DanSmigrod


How about keeping pricing the same for existing clients and charging more to new clients?

Dan
Post 15 IP   flag post
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