Improve your e-commerce knowledge and increase your online business profits. If you're confused by e-commerce jargon, you can find simple explanations in the e-commerce glossary. For how-to guides, check out the Konigle Community.
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Pricing Fundamentals / Learn from the best
How to use a letter to increase prices to improve profit margins
Increasing prices can improve margins, but only if customers are not alienated. Sending a letter to announce the price increase is a good way to raise prices without losing customers. Let's explore this further.