There are two schools of thought on this one:
1. It’s a recession. No one is buying. So in order to get new customers and keep my current customers happy, you lower your prices.
2. We are also seeing inflation. Increased gasoline prices have affected your business significantly. So you’ve every right to pass along these increases to your customers.
I vote for #2. People anticipate you to raise prices. I’ll bet you haven’t done it in a while. People won’t holler as much now; they comprehend about gasoline prices and their affect on small businesses. You won’t lose any customers, and if people see the value in your product or service, they’ll keep buying.
Let us know what you think. Vote on the current poll.
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