E119: When & How to Successfully Raise Your Lesson Rates

If you've been around the Teach Music Online podcast for a while, you have heard me talk about raising your rates time and time again, because music teachers are so valuable and should be paid what they need! But I'm sure you've wondered just how to make it happen. Listen in as I talk about 3 common myths about raising your rates, and 3 reasons that you should!Time Stamps[0:35] Episode Intro[1:10] Sponsor Message - Practice SpaceCommon Myths About Lesson Rates[2:55] 1. I Need To Charge the Local Average[4:55] 2. If I Raise my Rates, Students Will Leave[6:51] 3. I Should Raise My Rates a Little Every YearWhy It's Okay to Raise Your Rates[8:04] Higher Rates Create Demand[9:20] Less Committed Students Will Leave (And That's Okay!)[9:54] You Will Show Up DifferentlyMake It Happen[10:58] When To Raise Your Rates[11:56] How to Raise Your Rates[12:55] Email Template ExampleHave you left a review?Please take a moment to review this podcast on iTunes, your reviews mean so much to me! Your reviews also help other teachers find the podcast and know that it's one that can benefit their business as well. Click the link below to review the podcast:https://podcasts.apple.com/us/podcast/teach-music-online/id1522634913Don't forget to watch my free masterclass!Learn how to DOUBLE your studio income without wasting a cent on ads! If you're looking for serious studio growth, help with social media, and studio branding then you need to watch my free class. It won't be available much longer! Click the link below to check it out.https://www.teachmusic.online/training