My advice is to stand in your customer’s shoes.
For example, a couple of weeks ago, I went to a golf driving range that I hadn’t visited for well over a year.
During this time, the place changed ownership and the price for a large bucket of range balls went up from $8.00 to $10.00.
With the increase, I faced new decisions. Do I accept the increase, hit balls and be happy? Do I accept the increase, hit balls and bitch because it costs more? Do I go somewhere else that’s cheaper?
During my absence, the new owners made changes. They took out the miniature golf course and put in 1st class chip and putt practice areas. They refurbished the grass tees. They installed a canopy over the matted tees. They remodeled the bathrooms in the pro shop.
What did I do? I paid the ten bucks, hit golf balls and “be happy.”
Bottom line, people are generally willing to accept a reasonable price increase as long as they receive some additional value for their money.
Consequently, is there something you can do to increase the value of the products and services you offer when you raise price?