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When do we know it is the right time to increase to price of our gigs?

When do we know it is the right time to increase to price of our gigs?
I am a new seller and I make whiteboard animations and my rates are 5$ per 120 seconds or 200 words
I recently started getting lots of orders( ie.,2-5 in a day) . I work for 6-7 hours earning only 20-30 dollars because right now I am focusing more on reviews(I have got 7 reviews and all are 5 star ratings) So, please tell what was the right time for you to increase the price of your gigs and you got sales.
Thanks
Bestintheword

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If you think your service was worth than $5 efforts then I think it’s the time to upgrade your price my friend.

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Depends on how you structure your gig. If you’re perceived to be more valueble than your competitor then it’s time to raise your prices. In my case i charge 15$ for a minimalist wallpaper and how i structure my gig is based off my target audience from desc, title and photos.

Mic.

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I would keep an eye on your impressions. Once you start to plateau increase your price. This is just based on my personal experience and guessing. I don’t have any sound evidence that’s the best thing to do.

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Hello, with only 7 reviews you should not raise your prices. But it’s your decision of course. I didn’t increase my prices until I had thousands.

You can try raising them and see what happens. It won’t hurt to experiment.

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I think I will now raise my prices when I am Level 1

first build some reputation and then you will feel the right time :grinning::grinning::grinning:

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