I have a question. I have a service business making lyric videos and custom ig stories for musicians. Its been running for about 8 months now and im nearly at 1000 followers on instagram (Its not much but I have constant returning customers).
Lately I have been told by people higher up in the industry for the quality I provide I should up my prices for my videos. Some say im 'WAY UNDER Pricing'
I currently only charge $65 for a lyric video but ive been told minimum should be at least $100
My only fear is I may lose my returning customers or scare away the new ones.
Any advice here? do I stick with my prices n slowly build or do I up my prices to filter out the cheap buyers.