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Raising rates #1942093
08/13/12 05:00 PM
08/13/12 05:00 PM
Joined: Sep 2006
Posts: 1,804
NJ
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chasingrainbows Offline OP
1000 Post Club Member
chasingrainbows  Offline OP
1000 Post Club Member
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Joined: Sep 2006
Posts: 1,804
NJ
I searched with no success to find threads on this topic, although I'm sure there are some. When you raise your rate, do you raise it by 5/10 dollars per lesson, or just enough of a raise to even out the monthly/semester fee? For example, if my rate is $25 per half hour, or $100 a month, is it appropriate to raise it to $110 ($2.50 more per half hour) a month or $120? $5 more per half hour). I feel reluctant to raise my rate, but I feel that going to the home, providing the level of instruction I provide along with my degree warrants a rate change.


Piano teacher, BA Music, MTNA member
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Re: Raising rates [Re: chasingrainbows] #1942106
08/13/12 05:05 PM
08/13/12 05:05 PM
Joined: May 2011
Posts: 1,090
Irvine, CA
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bzpiano Offline
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bzpiano  Offline
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Joined: May 2011
Posts: 1,090
Irvine, CA
I think raising from $100 per month to $110 per month is more reasonable. The harder the monthly rate dividing into four equal lesson rate, the better chance you have parents willing to pay the same rate every month even they skip a lesson instead of deducting it. You can make it every month the same tuition no matter 3 or 4 or 5 lessons in a month, but add up to total of 40 lessons a year for your rate.


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Re: Raising rates [Re: chasingrainbows] #1942116
08/13/12 05:24 PM
08/13/12 05:24 PM
Joined: Nov 2006
Posts: 1,461
Stanny Offline
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Stanny  Offline
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Joined: Nov 2006
Posts: 1,461
One year I raised my rates 25%, but I gave everyone a year's notice that I was going to do that. I was way undercharging...but now I'm in line with other teachers so I only raise $5-10 per month at a time.


~Stanny~

Independent Music Teacher
Certified Piano Teacher, American College of Musicians
Member: MTNA, NGPT, ASMTA, NAMTA
Re: Raising rates [Re: chasingrainbows] #1942150
08/13/12 06:44 PM
08/13/12 06:44 PM
Joined: Sep 2006
Posts: 1,804
NJ
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chasingrainbows Offline OP
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chasingrainbows  Offline OP
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Joined: Sep 2006
Posts: 1,804
NJ
Thanks, ezpiano, I work primarily in a music store, and only have a handful of private students, so I simply charge per month, in advance.

stanny, thanks for your input. How much notice do you give now? I was planning to give notice this week, for increase starting September.


Piano teacher, BA Music, MTNA member
Re: Raising rates [Re: chasingrainbows] #1942203
08/13/12 08:28 PM
08/13/12 08:28 PM
Joined: Nov 2006
Posts: 1,461
Stanny Offline
1000 Post Club Member
Stanny  Offline
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Joined: Nov 2006
Posts: 1,461
Now days, I send my fall registration information out in early July, and announce my rate hike then, to start in September. I be sure to raise them at least a little every year so it's not unexpected.


~Stanny~

Independent Music Teacher
Certified Piano Teacher, American College of Musicians
Member: MTNA, NGPT, ASMTA, NAMTA
Re: Raising rates [Re: chasingrainbows] #1942323
08/14/12 12:55 AM
08/14/12 12:55 AM
Joined: Jul 2007
Posts: 203
Northeast Illinois
K
kissyana Offline
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kissyana  Offline
Full Member
K
Joined: Jul 2007
Posts: 203
Northeast Illinois
I raised my rates from $100/month to $110 a couple of years ago. I hadn't raised them since graduating college at that point and it was overdue! I gave everyone three months of notice and nobody gave me any grief. Honestly, I sort of wish I made a bigger increase but live and learn, I guess. I skipped a year of raising rates and I'm up to $120 for this fall now. It's written in my policy that they should expect a yearly increase and I make sure to give at least 60 days of notice.

Re: Raising rates [Re: chasingrainbows] #1942590
08/14/12 01:59 PM
08/14/12 01:59 PM
Joined: Sep 2006
Posts: 1,804
NJ
C
chasingrainbows Offline OP
1000 Post Club Member
chasingrainbows  Offline OP
1000 Post Club Member
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Joined: Sep 2006
Posts: 1,804
NJ
thank you kissyana.


Piano teacher, BA Music, MTNA member
Re: Raising rates [Re: chasingrainbows] #1942672
08/14/12 04:37 PM
08/14/12 04:37 PM
Joined: Jul 2007
Posts: 203
Northeast Illinois
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kissyana Offline
Full Member
kissyana  Offline
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Joined: Jul 2007
Posts: 203
Northeast Illinois
You're welcome! And remember that you're worth it! smile


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