I hate to charge my buyers more money for repairs and replacements, however it looks like I am going to need to raise prices for the first time in 3 years.
I have not raised prices at all since before the pandemic.
Everyone knows that times are tough. I have been doing my best to keep prices low so my fantastic friend and I can continue to be profitable; Unfortunately, the warehousehold where I buy all of my device and parts is going to raise all of their prices on the 1st of the year. In 60 afternoons, I am going to be paying 3% more across the board for every part and piece of device that I ordered from the heating and AC warehouse. There aren’t any other sites for me to order the device either. This venue is the only heating and AC parts warehousehold on the East Coast that offers next afternoon delivery for free. I know that I am going to have to spend money for the extra fees and that 3% is going to hurt. 3% of my device and parts bill at the Heating and Air Conditioning supplier is legitimately equal to $1,000 a month. Over time, that will add up and entirely put a dent in my budget if I don’t figure out a way to split costs in other sites. I’m going to need to raise my prices or my profit will be razor thin. If I have to spend money more, my buyers are going to have to spend money more too. I don’t see any other way around it and I have been thinking about it all week.