Episode 5: How To Raise Your Fees and Secure Your Studio For September Without The Guilt
If you've been putting off raising your fees, or you're never quite sure how to handle the annual policy update, this episode is for you. I walk you through the exact process I use every June: calculating the increase, checking the policy wording, and communicating the changes to families in a way that feels straightforward rather than awkward.
In this episode:
Why now (late May or June) is the right time to do this, and why leaving it until September is too late
How a small, predictable annual increase is far less disruptive than a larger one after years of holding steady
How to calculate your increase and what to say to families, including the per-lesson breakdown
Why ambiguous policy wording causes disputes, and how to spot it in your own document
My three-channel communication approach: email, physical copy, verbal mention
How getting signed agreements back before the summer holidays eliminates the September uncertainty
The three objections that hold teachers back, and the reframes that make them manageable
Links mentioned:
Monthly Billing Transition Toolkit (£12)
One to One Focus Session (60 min, £67)
If you bill monthly and you’re ready to work out next year’s rate, the Monthly Billing Transition Toolkit calculator tool does all the work for you. Check out the Free Studio Policy Template for tips on how to make your wording crystal clear.
If you find this episode useful, I’d be so grateful if you could leave a review on Apple Podcasts: it goes a long way in helping other music teachers find my podcast!
