Keep the original scope
Hold the $1,000 quote and deliver only the work originally included. List the added request separately so both sides can see the boundary.
Business decision guide
Pricing strategies with examples: compare before changing your price
A pricing strategy is a choice about the customer, scope and economics of an offer. Before asking “When should I raise my prices?”, compare what you will deliver and what each option will cost you.
This page is a self-guided comparison, not a quote calculator. HexMind’s interactive analysis is currently a private workbench and is not available on this public site. No price recommendation or payment is generated here.
One scope-change example
Hypothetical only: a service project was quoted at $1,000. The client requests more work and asks for a lower price. These figures do not establish cost, margin or a recommended quote.
Price the extra scope
Estimate the extra hours and other costs, then show a separate price and any delivery change. A $1,100 illustration is meaningful only after those inputs are checked.
Trade scope for price
If the client’s budget cannot rise, reduce deliverables or timing commitments explicitly. Do not silently include extra work at the old price.
Test value, not just cost
Ask which outcome the customer values, then test whether a different package earns a different price. Do not assume a premium will sell without feedback.
A practical pricing strategy framework
Write down the current price, exact included scope, extra work requested, direct labor and other costs, capacity, customer alternatives and your deadline. Compare like-for-like options. Separate measured costs from estimates and the customer’s stated constraints from your guesses.
The Australian Government’s pricing strategy guide distinguishes cost, competitor and value approaches and calls for calculating the cost of supplying a product or service. Use local rules and actual business figures before issuing a real quote.
How HexMind would use this question
State the choice
For example: keep the price, raise it for the added work, or reduce scope. Add the deadline and any condition that would rule an option out.
Clarify assumptions
In the private workbench, answer questions about missing facts and compare conditional options. Historical evidence can illuminate trade-offs; it cannot calculate your margin from absent inputs.
Verify before quoting
Check source citations and your own cost and scope figures. A final customer quote still needs the business owner’s review.
When should I raise my prices?
There is no date that works for every business. First identify what changed: cost, scope, customer value or demand. Compare a price increase with a narrower package and a smaller test, then watch actual customer response. A new product needs the same input check before its first price is treated as settled.