said 1 year ago:
There’s lot’s of wisdom in the posts above. Here is my view.
Trust your intuition. The reluctance you felt in lowering your price was correct.
If you feel confident with the value you deliver for the price, you need to hold firm on your pricing.
If you feel your priced too high for the market you serve, adjust your pricing policy for all clients, but you must be the one to adjust it, and then hold firm to your policy.
If you do not compromise your price, the issue will become part of your past. If you do negotiate price, it will become part of your future, meaning the client and those the client refers to you, will expect it in the future.
If your clients understand upfront that pricing is non-negotiable, you will save lots of time and aggravation.
You may want to consider referring these type of clients to someone else in your trade who works for less and is willing to pay you a referral fee.
Save your talent and efforts for those who appreciate getting in before the price increase.