Raised Prices And Lost Customers Here’s The Move

28 Apr 2026 · 1 min
0:34

In this brief advisory segment, Mike Andes addresses how businesses should react when customers cancel after a price increase. He suggests first separating a small subset of customers who are unreasonable (“idiots”) and deciding not to serve them. For the remaining canceled customers, he recommends a proactive outreach: explain that the price hike was due to increased costs, but express a desire to continue serving them. Offer to honor their previous price for a limited time (e.g., until May 1) to demonstrate goodwill and avoid appearing greedy. This approach aims to recover lost business by showing a service‑first attitude while filtering out unprofitable clients.

Chapters

More from Mike

36:57
youtube.com

DAY 12 of Building a $1M Business in 1 Yr

1d ago
1:08
youtube.com

total cost breakdown of my lawn care setup

1d ago
1:26
youtube.com

New Calendar, Now Easier to Search and Read | Homeworks Update

1d ago
0:41
youtube.com

AI is the 2002 version of the Yellow Pages

2d ago
2:10
youtube.com

My plan to make $$ in Winter

2d ago
1:08:33
youtube.com

Successful Owners Are Hardcore About Focus

2d ago
54:06
youtube.com

DAY 11 (pt 2) of Building a $1M Business in 1 Yr

3d ago
0:27
youtube.com

Not a one take wonder…

3d ago
1:43
youtube.com

Week 3: Building a $1M Biz in 1 Yr

4d ago
18:04
youtube.com

What It's REALLY Like Being Married to an Entrepreneur

4d ago
47:50
youtube.com

Is a $50K Expo Booth Worth It After 4 Years Away?

4d ago
See all content