In Bed with your Competitors

You cannot get in bed with your competitors and agree on a 10% price increase. (Unless you wish to be jailed.) But you can announce a 10% price increase yourself. If your competitors don’t join you, you can always rescind it. Source: The Tao of Pricing. See also: 47 Ways to Raise Prices …Without Losing Customers! #pricing #pricingpsychology #entrepreneurs