“Two years at the same rate almost certainly means you’re underpriced, especially when a client volunteers that you’re the cheapest she’s ever hired. In our bookkeeping pricing research, the lowest hourly rates were $19 and the top hit $125, so $40 is not a market ceiling, it’s a comfort zone.”
“$40 an hour after two years tells me you're probably underpriced, but the real test is what your work costs you to deliver. I'd raise new clients first and only touch existing rates if you have to.”
“I doubled my rate on an 18-month client and they said yes in four minutes, but I also torched a two-year client by springing a raise mid-project with no warning. The difference was never the number, it was how I made the case: anchor it to a recent win, give notice, and frame it around their next result, not your rent.”
“I ran my agency for twelve years and quibbled with my partner every year about whether to raise prices by 5% or 10%, as if some invisible rule capped us. There is no rule. If a client says you are the cheapest she has ever hired, that is not a compliment, it is market data telling you there is headroom.”
“$40 an hour after two years tells the market you’re still a beginner, not that you’re a bargain. I raised e-Nor’s rate from $150 to $250 only after we could defend it with specialization and white-glove delivery, and the clients who valued expertise stayed.”
“I kept a client once who was costing me $15 a month because I liked him, until I realized my heart was paying his bill. If your rate is below what the work actually costs you, losing a few clients to a raise is not a loss, it's a correction.”
“The first time I raised my prices I lost a few clients, and every one of them had been quietly making me miserable. The ones who stayed valued the work and paid without a fight, so I learned that low prices do not just cost money; they signal low confidence and attract the wrong people.”
“$40 an hour after two years is almost certainly underpriced, especially if you are doing more than data entry. I rebuilt my practice around the reality that good bookkeeping is not a low-value role; clients who see it as one are not the clients I want.”