How to Write a Polite Price Increase Notice? 4 Letter Sample & Templates
Price raise is necessary to stay afloat and grow the business. But to make sure you don’t lose customers, it is essential for you to write a very polite price increase notice that reflects empathy and fairness. Don’t feel hesitate to explain why you’re increasing the pricing or what extra services you’re planning to provide in the future to help customers see the value of the money they are paying.
In this article, we have included four price increase notice samples that you can simply copy-paste and tweak to match your message. Later in the article, we have included four rate increase letter templates that you can customize for free and use as a brochure, flyer, and poster, and also upload them on social media and send them via emails.
Example 1- Polite Price Increase Notice for General Businesses
You are already aware that no one likes price hikes. That’s why you want to sound polite while delivering this news to avoid any kind of negative feelings. Here’s a perfect example of how to tell customers about price increases.
Thank you for being a loyal customer and putting your valuable trust in our XYZ business for all these years.
Although we have tried our best to keep the expenses low, our operating costs have increased significantly due to global factors in recent times. After carefully reviewing the finances, we have made a tough decision of increasing our prices by 4% for all the services.
The change will be effective from August 10, 2022. Our website will reflect the new prices on the same day. Till then, you can take benefit of the old prices.
As always, we are striving to evolve and improve our services. The price increase will help us to introduce new features and products and serve you better.
We thank you for your understanding and support.
Example-2 Price Increase Due to Renovation/ High Capital Expenses
To survive in the competition, you need to make sure your business has a good ambiance with attractive furniture, fresh paint, and interior design. But to recover such high capital expenses, many businesses choose to increase the rates of the services/products. Here’s a price increase notice template for the same.
Dear [Customer Name],
As you’re already aware that we are renovating our ABC hair salon for the past 4 months. We are excited to announce that the work has been completed.
The new space will
- provide a beautiful ambiance with more salon stations and space,
- get fast appointments, and
- reduce the waiting time for walk-ins.
We have also hired new highly qualified and trained hair stylists.
To ensure we stay afloat in the business while providing you the top-notch services, we have decided to increase the pricing of our hair cutting services by 5% and hair spa by 8% from August 8, 2022. To check out our new pricing, please visit www.abcsalon.com/pricing.
We greatly appreciate your business and have faith that we will receive the same support in the future. Feel free to contact us for any further questions or concerns.
Jane Doe, Owner, ABC salon
Example 3: Rate Increase Notice Letter for Essential Services/Goods
How to tell customers about the price increase for the services they use in daily life and the change will make a substantial difference in the budget. You need to send a polite price increase notice letter to the customers to deliver this update. Here’s a perfect example of the same.
We understand that any raise to day-care facilities is not ideal. For all these years, we have done our best to keep the rates unchanged. But with growing inflation, our lease rates and utility bills are constantly increasing. Hence, after careful evaluation of our expenses, we have decided to increase our pricing from $1,700 to $1,900 per month from August 1, 2022.
The price raise was necessary for us to provide your child with the best ambiance and facilities. We are also going to hire 3 new arts and crafts teachers to introduce innovative activities that help your child grow his/her creativity.
We can ensure that our day-care service rates are still competitive and we are the last in the sector to raise the prices.
If you have any questions or concerns, please don’t hesitate to reach out. We are happy to help you!
Thanks for your cooperation and support.
XYZ Day-care Team
Example 4: Sample Price Increase Letter That Can Improve the Sales
While the basic demand law in economics says that there is an inverse relationship between price and demand, i.e., demand increases when price decreases and vice versa, it is not true in all the scenarios. You can take advantage of the price raise situation to boost sales if you choose the right strategy and wording. Not sure how? Check out the below example of a polite price increase notice that encourages customers to make a swift buying decision.
We greatly appreciate your contribution and cooperation that made our XYZ business successful for two decades. We are reaching out to inform you about an upcoming change so that you can make a conscious decision about your subscription with us.
Starting on September 1, 2022, we are increasing the pricing of our monthly subscription by 7% and yearly subscription by 3%. You will be charged the new rates only at the time of renewal i.e. after your existing subscription ends.
Here are some great offers you can avail of before the price change.
- If you renew your yearly subscription before September 1, you can take benefit of the old pricing for the entire next year. The remaining months of the current package will get added to your subscription, so you’re not going to lose any time.
- If you’re a free user or a monthly subscriber, this is the best time to get a yearly package to enjoy the old prices.
To ensure we continue to provide the best services, this change was inevitable. Please be assured that we have made every effort to keep this price raised to a minimum.
If you have questions or concerns about how new pricing will affect your subscription, feel free to talk to our support team. You can call on 123-4567-8910 or emails us at email@example.com.
Team XYZ Company
Polite Price Increase Notice Template for Emails, and Social Media
When you’re posting your rate increase notice on social media or sending it in emails, create attractive flyers, brochures, and posters. Not sure how to make artistic templates without hiring a designer? We got you covered! Here are four ready-to-use price change notice templates that you can customize for free and use for your business instantly.
Here are the steps.
- Click on the link placed above each template. It will bring you to Canva.
- As soon as you register to Canva, you’ll get direct access to the template.
- Change the wording, and logo, and make other alterations.
- Click on Share on the top right side and hit Download.
1. To use this sample price increase letter, use this template.
2. To customize this polite price increase letter template for social media and emails, use this link.
3. To customize the below price increase template, use this link.
4. Here’s the link to the below free price increase template. Feel free to customize it.