This is just my perspective and not an overall buyer’s; however, I think most of us are on the same page.
When great sellers raise their prices, I still buy from them.
When average sellers raise their prices, I may or may not buy from them.
When okay sellers raise their prices, I look elsewhere.
Everyone that spends time in this forum and/or have been buying/selling here for a long time knows that quality sellers are few. Not everything I need requires top quality. First example,
When I need high quality articles, I go to #1. I may grumble a bit but it took me a long time to find that great writer. It took me buying tons of gigs & lots of money to find them.
When I need something quick, cheap and fast (like a low quality article) I’ll go to #2 or #3. If their prices went up, I’ll find someone else. I’m not going to expend extra cash for okay work.
I only buy from premium sellers for proofreading, editing & beta reading. I buy from various level when it comes to articles and stories. Sometimes, quality doesn’t matter all that much, it just needs to be not plagiarized
The fact is buyers like me are willing to pay premium price for premium work. We’re also not inclined to pay premium price for okay work.
Just because you raised your prices, doesn’t mean buyers will flood your gate. If your regular buyers aren’t coming back, after you raised your prices, then consider lowering it. It maybe harsh, but you may be overvaluing your self worth. Also, some people are just plain cheapskates and stopped buying simply for the price alone. Losing a few is normal, don’t let that be a determination of your self worth. I’m talking about losing all your regulars, not just a handful.
If you find out you’re not as good as you thought, then remember that practice makes perfect. Keep selling those $5 & $10 gigs until you have real buyers willing to pay more.
Even some of the $1000 Pros here started at $5. It’s not a shame, its earning your dues.
That being said, some of you really are undervaluing your abilities and a hike is long overdue. You know who you are.