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increasing prices due to inflation
05 Jan, 2023
Are you a makeup artist debating whether to increase prices? Then keep reading because this is the article for you. This article will walk you through when it's the right time to increase prices, and how to communicate price increases effectively without losing customers. We know why you’re pondering price increases. Its no surprise, the cost of running a makeup artist business has increased over the last year. Inflation has impacted makeup supply costs, transportation costs, electricity costs - you name a personal and/or business expense and it has probably increased in cost. This isn't a surprise to folks residing in Canada; according to Statistics Canada, inflation rate was 6.9% in October 2022. Inflation continues to impact all businesses including makeup artist businesses. With all the conversations about rising costs of business, you might catch yourself wondering: Is it the right time to increase your makeup artistry prices? If yes, how much to increase prices by? Most importantly, how to increase makeup artistry prices without losing customers.
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