How To Deal With Suppliers Hikes: Communicating Price Increases To Your Customers l Ep. #112

06/04/2022 41 min

Listen "How To Deal With Suppliers Hikes: Communicating Price Increases To Your Customers l Ep. #112"

Episode Synopsis

Have you ever wondered how can you carry suppliers' hikes over to your customer without making them mad and losing them
Today, we are going to be talking about price increases and how to address them from the supplier's and customers' perspectives.
Whether it’s about being willing to tell your clients about prices hikes so that you don’t lose profits.
Or understanding that your suppliers are not out to get you and could be powerful business partners instead… 
Most contractors are not aware of how fluctuating markets work, so today we are going to cover some of the tactics to make sure we are always protected when conducting business deals. 
So today, Our Coach & COO Jay Carter and I are gonna go all-in on how to leverage the current supplier price increases to your advantage and , why you shouldn’t be afraid to tell your clients about these conditions.
As well as the importance of making sure it’s all on the table before a job is greenlit and even how you can leverage these “setbacks” to become more profitable.
As a plus, we’ll also be talking about how to strengthen the current relationship you have with your suppliers and why it’s a move you should’ve made long ago!
Remember the more people you have on your side, the better!
We hope you enjoy this episode, and we’ll see you on the flip side!

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