Crafting a Winning SaaS Price Increase Email: An Email Template and Best Practices to Follow
Price increases are a natural part of growing your SaaS business. How you communicate it can make all the difference.
Price increases are a natural part of growing your SaaS business. How you communicate it can make all the difference.
Price increases are a natural part of growing your SaaS business. 🚀
But how you communicate it to your customers can make all the difference. 💼
Here are 5 things to include + an email template🤝
🎉 Announcement of enhancements and improvements made to the SaaS platform
- Start off by highlighting the exciting changes and upgrades you've made to your SaaS product.
- This sets the tone for the rest of the email and shows that you're committed to constantly improving your platform.
💡 Explanation of how enhancements have benefited customers
- Provide concrete examples of how the enhancements have positively impacted your current customers.
- This builds trust and credibility with your audience, showing them that the price increase is well-justified.
💰 Explanation of the price increase
- Be confident and straightforward in your explanation of the price increase.
- Explain why the increase is necessary and how it will allow you to continue delivering the best possible experience.
🔒 Option to lock in current pricing
- Offer customers the option to lock in their current pricing for a set amount of time.
- This provides a sense of security and gives them time to adjust to the new pricing.
🙏 Gratitude for being a customer
- Express your appreciation for your customers and tell them how much they mean to your team.
- This helps to maintain a positive and loyal relationship with your customers.
💬 P.S. - Personal touch
- End the email with a personal note, offering to discuss the changes further with anyone who may be impacted negatively. (Pro tip from Patrick Campbell at ProfitWell)
- This shows that you're available and willing to listen to your customers' concerns.
⚓️ So the keys to a successful SaaS price increase email: highlight enhancements, show customer benefits, offer options, and provide transparency with a personal touch.
Here’s the email template you can use as a starting point when crafting your own price increase email: