I call this “price pushups” because If you haven’t raised your fees in a while, it does feel like physical exertion!
Once you’ve been through this course, your expenses really are as neat and tidy as they can be. So if you find the money still isn’t adding up for you to pay yourself a decent salary, this is the next logical step.
Now, of course, you don’t want to price yourself out of the market. If you are already on the expensive side for your area and you don’t have an overflowing studio, I recommend only small changes to your fees to keep up with inflation.
If you are low for your area and/or your studio has a waiting list of students clamouring to get in, it may be time for a bigger jump.