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What a Book Does for a Price You Want to Raise

TL;DR: Raising your rates is hard because price is a claim about value and you have no evidence a stranger can check. A buyer comparing similar providers has one clear differentiator. That’s the number. A book supplies demonstrated thinking before anybody has paid. That moves you out of the group compared on price into the smaller group compared on fit.

You want to charge more and you can’t work out how to justify it.

The work hasn’t changed. You’re better at it than you were three years ago, and better is difficult to show to somebody who didn’t see the earlier version. Your competitors charge roughly what you charge. Your existing clients are used to a number and every conversation about changing it feels like a negotiation you might lose.

So most people wait for an external event. A busy quarter, a client who leaves, a competitor who raises theirs first. The increase happens eventually and it happens defensively. That’s the worst position to do it from. Waiting like that costs money every month it goes on. Worse, it teaches your market that your number only moves when you’re under pressure, and buyers remember that the next time you try.

The reason this is hard is that price is a claim about value and you have no evidence that a stranger can check. Everything supporting your number lives in the experience of people who already worked with you.

A book changes the conversation because it moves the claim outside your own assertion. It doesn’t prove you’re worth more. It gives somebody a reason to believe it before they’ve met you. That’s a different mechanism and it works on the group that matters. That’s new clients instead of existing ones.

The advice industry on this subject is a cheat. It tells experienced people their pricing problem is about confidence, sells them a mindset, and leaves them exactly where they started, with nothing a stranger can check. When I talk with clients about what their book is for, I describe it as the foundation of their marketing, and a price that finally holds is one of the places that foundation shows up.

Work out whether your pricing problem is with new clients or existing ones, because a book only helps with one of them.

Why is raising a price hard without evidence?

Because the buyer has nothing to compare except numbers. A prospect looking at three providers who all describe similar work has one clear differentiator available. That’s the price. Everything else is assertion, and assertions from vendors get discounted automatically. That pushes the whole market toward the middle. You can’t charge more for being better if better isn’t visible before the engagement starts. So the pricing problem is frequently an evidence problem wearing different clothes, and treating it as a confidence problem produces a lot of unproductive advice about knowing your worth.

What does a book supply when you raise your price?

Demonstrated thinking, at length, before anybody has paid anything. Somebody reading your book has watched you handle a problem in detail. They’ve seen the exceptions you consider, the mistakes you name, and the reasoning behind a decision. That’s a sample of the work itself.

No proposal does this. A proposal describes what you’ll do and everybody’s proposal describes something similar. A book shows how you think. That’s the thing they’re buying. It also arrives before the sales conversation, so the comparison against cheaper providers happens after your evidence instead of in place of it.

Can a book justify a specific rate increase?

No, and anybody claiming otherwise is overselling.

A book doesn’t entitle you to charge thirty percent more. What it does is move you out of the group being compared on price into a smaller group being compared on fit, and the second group has different pricing dynamics.

Any book written to paper over ordinary work is a trap for the person who paid for it.

The change usually shows up as fewer conversations that end on cost and more that end on timing or scope. That’s worth real money and it’s not a lever you can pull to a chosen figure. Anybody who tells you a book supports a specific multiple is describing an outcome they can’t control. People who sell books with a guaranteed rate increase attached are predatory. They’re setting a client up to feel cheated by a result nobody could promise. I tell clients up front they’re very unlikely to earn back the cost of the book through sales, and that the return comes from building everything else they market on top of it.

Does a book help you with existing clients?

Less than you’d like. People who already work with you have their own evidence, and it’s better evidence than a book. They’ve seen the actual work. A book doesn’t change what they believe about you, because they weren’t uncertain.

What it can do is give them a reason to explain your price internally to somebody else. A client defending a rate to their own finance department has an easier job when the person they hired is visibly the author of the reference on the subject.

That’s a real effect and it’s second-order. The direct effect is on people who haven’t met you.

What happens to the clients who leave?

Some will, and the ones who go are usually the ones you wanted to lose.

A price increase sorts a client list. The people who leave over it were buying on cost. That means they were always going to leave when somebody cheaper appeared, and they were consuming capacity you needed for better work. That’s easy to say and unpleasant to live through, especially in the month when two of them go at once and nothing has replaced them yet.

What makes it survivable is having the increase produce something. If the book is out and new enquiries are arriving warmer, the replacement work is better than what left. If nothing has changed except the number, the departures are just losses.

I’ve watched clients’ books bring in more consulting contracts, speaking invitations, and in one case a promotion. The book never told anybody what to pay. It put the author in front of people who were already convinced before the first call.

What else has to be true for a book to justify a higher price?

All of this assumes the work itself supports the higher price.

Your book raises what somebody expects before they arrive. If the engagement then feels ordinary, the gap between the expectation and the experience is worse than never having raised it, because now they’ve been disappointed instead of merely unimpressed. So the sequence matters. Raise the price when the work is already better than the price. That’s the situation most experienced people are in and can’t prove.

Any book written to paper over ordinary work is a trap for the person who paid for it. It brings in buyers with high expectations, hands them an ordinary engagement, and those buyers tell their colleagues.

When should you raise the price?

When the book exists. A finished manuscript doesn’t count yet.

The change in how you’re perceived starts at publication and builds. Waiting for evidence that it’s working means waiting through the quiet period when the book is out and the effects haven’t arrived, and most people lose their nerve during that stretch.

A more practical sequence is to move the number for new enquiries at publication and leave existing arrangements alone until they naturally renew.

That way the increase is tested on people who are meeting you for the first time with the book in hand. That’s the exact population it was supposed to affect.

What a book does, and does not do, for your price.
Question What the article says
Why is raising a price hard? Buyers comparing similar providers have one clear differentiator, and that is the number
What does a book supply? Demonstrated thinking, at length, before anybody has paid anything
Does it justify a specific increase? No; it moves you from the group compared on price to the group compared on fit
Does it help with existing clients? Less; it mainly helps them defend your rate internally
Who leaves over the increase? Usually the clients buying on cost, who would leave for somebody cheaper anyway
What else must be true? The work itself has to support the higher price
When do you raise it? At publication, for new enquiries, leaving existing arrangements until they renew
What if you are the cheapest? The book reaches buyers who never saw your earlier positioning

My take

Rates are easier to raise after a book, because it moves you out of the group compared on price. Time the increase for when the book is out and enquiries are arriving warmer, so the replacement work is better than what leaves. Some clients will go. The ones buying on cost were always going to. Make sure the work itself supports the number, because a book can’t cover for that.

What if you are the cheapest option and want to stop being?

That’s a harder move and the book helps even more. Somebody positioned on price has a client base selected for price sensitivity and a reputation built around being the affordable choice. Raising the number alone doesn’t shift the reputation, so the increase reads as the same provider charging more.

What changes it is arriving in front of a different group of buyers with different evidence. A book reaches people who never encountered the earlier positioning and who are meeting you as the person who wrote the thing on the subject.

That takes longer than a simple increase, and it’s the only version that holds.

Staying the cheapest option because raising the number feels frightening is a slow way to wear yourself down doing good work for too little, and I think experienced people put up with it far longer than they ever should.

From the author
Build a Profitable Consulting Practice by Richard Lowe

Build a Profitable Consulting Practice
My first consulting contract paid six hundred dollars to fix general ledger programs on a TRS-80, and I got almost everything wrong. Build a Profitable Consulting Practice covers the contract side of consulting I learned over forty years.

Frequently Asked Questions

Why is raising your rates difficult?
Because a buyer comparing similar providers has one clear differentiator. That’s price. Everything else is assertion and assertions from vendors get discounted, so being better doesn’t command more unless better is visible in advance.
Why is a book more persuasive than a business proposal?
Because it demonstrates your thinking at length before anybody has paid. A proposal describes what you’ll do, and everybody’s proposal describes something similar, while a book shows how you think.
Will writing a book justify a specific rate increase?
No. It moves you out of the group compared on price into a smaller group compared on fit. That shows up as fewer conversations ending on cost. Anybody promising a specific multiple is describing something they can’t control.
Does writing a book help with existing clients?
Less than with new ones. They have better evidence than a book because they’ve seen the work. What it does is help them defend your rate internally to somebody who hasn’t.
What do you do about clients who leave over a price increase?
The ones who go were buying on cost and were always going to leave when somebody cheaper appeared. It’s survivable when the increase produces better replacement work instead of only a higher number.
When should you raise your rates after publishing a book?
At publication, for new enquiries only, leaving existing arrangements until they renew. That tests the new number on the exact population the book was meant to affect.
About the Author
Richard Lowe, professional ghostwriter

Richard Lowe is a professional ghostwriter and author with 113+ books authored and 54+ ghostwritten. Before writing full time he spent 33 years in enterprise technology, including 20 years as Director of Computer Operations and Technical Services at Trader Joe's. He writes nonfiction, fiction and memoir, and works with executives and experts on books that build authority.

More about Richard Lowe →

Disclaimer

The views and opinions expressed in this blog post are solely those of Richard Lowe and are based on personal experience and research. This content is for informational purposes only and should not be construed as professional legal, financial, accounting, or business advice. Always consult with qualified professionals before making important business or legal decisions. Richard Lowe is not a lawyer, accountant, or licensed professional advisor, and this content does not establish any professional relationship.

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