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Took advice from a buddy on pricing and it backfired hard

My friend Dave told me to raise my rates by 40% to "weed out the tire kickers." I did it two months ago and lost three regular clients who had been with me for years. The new clients I got were actually more demanding and paid slower. Has anyone else had a "guru" friend's advice mess up their income like this?
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ellis.jennifer
Read a similar story on a pricing subreddit last week. Most regretted it too.
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richard110
richard11024d ago
$50 for that tiny piece of cardboard?
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