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Running a business means one of the first tasks you must do is to set a price for your products or services. Pricing power is an important aspect of any business to ensure profits and its overall functioning. However, deciding the price of a product or service at the very start is one thing, and changing or increasing its price later is another. Price changes for a product or service can be tricky. Although price increases are a crucial aspect for businesses to ensure their profits amidst issues like inflation, convincing your customers to accept it and continue buying your offering is difficult, if not near-impossible. You should not just shock them with new prices, leaving them a tad lost on what to do now!
On the contrary, informing them via price letters or price increase templates can be a good decision.
Follow our top 10 price sheet templates on how to initially price your services effectively for better profits.
Price increase templates can come in handy to describe your price increase reasons in a simple and catchy way. Thus, keep your customers and other stakeholders happy and satisfied. Here are seven top price increase templates, each of which is 100% editable and customizable, that need to be an indispensable part of your price increase strategy. Each of these templates is customizable, meaning you may edit them or add or delete something based on your preferences.
We also have top pricing strategy templates that help you understand the market, your competitors, and pricing to grasp key developments and gain mastery over profit-making.
Let’s explore.
Template 1: Fuel Price Increase Effect on Logistics Business Case Competition
The costs of running a logistics company is dependent on the fuel price at that time. Thus, a logistics company needs to make a strategy to deal with this price fluctuation. Our Fuel Price Increase Deck is designed with complete templates that lay out a complete roadmap on how to handle this change. These slides cover basic information about the company, number of employees, warehousing costs, annual revenue costs, and more. These slides can also help you understand the past trends of revenue for the company and the impact of fuel prices on it. Getting details on each of these subjects can help you understand problems and plan solutions. We also have a separate deck to discuss strategies to reduce costs, like automating logistics, along with cost estimation for strategy implementation.
Template 2: Price Increase Illustrating Icons Template
There are ways to inform your customers and other stakeholders regarding the price increase with icons an innovative way. These PPT Templates are designed with catchy icons to showcase price increases. We have cart icons to showcase price increases, an upward arrow, an inflation graph icon to show price increases, a barrel icon for oil price increases, and many more. This slide also comprises a separate slide discussing the annual price report and a step-by-step guide to increasing product and service prices.
Template 3: Product Price Increase PPT Example File
While increasing the price of a certain commodity, businesses must jump from their earlier prices to new prices smoothly. Our Product Price Increase PPT Example File is a five-stage template designed with effective strategies to make your price transition a smooth process. It comprises data on price increases and has strategies like increased awareness of the brand's image, which can motivate consumers to pay more automatically. With strategies like new product innovation, the introduction of new and new features, and product differentiation to make your services look better and more unique than your competitors, you can easily implement price transition.
Template 4: Bowman Strategy Clock Graph Template
Our hybrid Bowman strategy clock is an 8-step clock graph template to showcase price increases. This slide lays out the utility value of a product and its impact on the price increase or decrease. You can use these templates to educate your consumers and stakeholders on how increased prices mean better product differentiation and innovation. Ultimately, these also showcase how lower prices in the current scenario can compromise product value and differentiation.
Template 5: Price Increase in Percentage PPT Template
Price increases are influenced by factors, such as inflation, and these also affect business aspects, like income. To understand the whole relationship between these factors, we have the Price Increase in Percentage PPT Template for you. This template is uniquely designed with graphs and texts showcasing price growth, its influence by the inflation rate, and its effect on employee salaries simultaneously. In the text section, you can add short descriptions for the visual graphs and concepts.
Template 6: Service Price Increase with Bar Graph Icon Template
This PPT Template with Bar Graph Icons can be used to draw comparative analyses for price increases for two or more services. These can also be used to educate customers and increase awareness of the trends in how prices for certain commodities have increased over time. Our bar graph templates are simple and catchy and can be used to illustrate data. These templates are customizable and you can easily edit them and create your graph in just a few minutes.
Template 7: Share Price Increase with Bull Stock Market Icon Template
Stock prices are volatile, and their upward and downward movement is common. To help you understand the increase in share prices, our template uses a “bull” icon on our Share Price Increase Bull Icon template. You may use this bull stock market template as a businessman or as an economist to showcase the strength of a country's economy. This graph of the bull stock market can also be read to understand its impact on other factors like inflation, employment, GDP, and more. Understand impact- assessments with our templates.
MANAGE PROFITS WELL
Price increase is an inevitable phenomenon. It is crucial to pitch your increase wisely to not disappoint your consumers and manage your profits. To ensure you maintain trust and relationships with your audiences, you need to lay out the price increase strategy in a detailed manner. And our Price Increase Templates are perfect tools for the same. These are designed to hone down all your strategies and impact in one place.
PS Our must-have social media price list templates give you an overview of the costs of social and digital advertising for a specific commodity.
