When do we know it is the right time to increase to price of our gigs?

[bestintheword]

When do we know it is the right time to increase to price of our gigs?
I am a new seller and I make whiteboard animations and my rates are 5$ per 120 seconds or 200 words
I recently started getting lots of orders( ie.,2-5 in a day) . I work for 6-7 hours earning only 20-30 dollars because right now I am focusing more on reviews(I have got 7 reviews and all are 5 star ratings) So, please tell what was the right time for you to increase the price of your gigs and you got sales.
Thanks
Bestintheword

[gunawanguan]

If you think your service was worth than $5 efforts then I think it’s the time to upgrade your price my friend.

[eisdesigns]

Depends on how you structure your gig. If you’re perceived to be more valueble than your competitor then it’s time to raise your prices. In my case i charge 15$ for a minimalist wallpaper and how i structure my gig is based off my target audience from desc, title and photos.

Mic.

[samwrightwrites]

I would keep an eye on your impressions. Once you start to plateau increase your price. This is just based on my personal experience and guessing. I don’t have any sound evidence that’s the best thing to do.

[misscrystal]

Hello, with only 7 reviews you should not raise your prices. But it’s your decision of course. I didn’t increase my prices until I had thousands.

You can try raising them and see what happens. It won’t hurt to experiment.

[bestintheword]

I think I will now raise my prices when I am Level 1

[perera_75]

first build some reputation and then you will feel the right time 😀