Like most of the seller, I too was worried about what if I increase prices of my services, will I loose orders or I will see a revenue dip. I did have a lot of hesitation. I offer premium quality work across all my gigs so I had to increase the prices so I can justify the quality of Work that I am delivering.
What actually happened was that - my sales went up as a lot of buyers are infact looking for premium quality work. I started to get buyers who are looking for quality work and are more open for suggestions. Which is good as it is always a pleasure to work with such clients.
It could also be a reason that I am a level 2 seller and with new fiverr rating system, number of level 2 seller have reduced sharply - that could also have help. Whatever it was, increasing the prices of my services was a good decision. I am glad I did it.