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I am an ESL teacher. I work for preply. I need a template for increasing my price for my students. Here is the preply FAQ page to help aid context.
Certainly, I understand the sensitivity surrounding price increases. Here’s a professional and courteous template for communicating a price increase to your students on Preply:

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Subject: Important Update: Upcoming Changes to Lesson Rates

Dear [Student’s Name],

I hope this message finds you well. It has been a pleasure working with you and seeing your progress in English language learning.

I am writing to inform you about an update regarding my lesson rates on Preply. Starting from [Effective Date], my new hourly rate will be [$New Rate]. This decision has not been made lightly; it comes in response to the increased time and resources dedicated to ensuring high-quality, personalized lessons for each student.

Please be assured that the quality and dedication you have come to expect will remain unchanged. I am committed to providing you with the best learning experience possible and to continue supporting you in reaching your language goals.

If you have any questions or concerns about this adjustment, please feel free to reach out to me directly. I am more than happy to discuss this change and find a way to best accommodate your needs during this transition.

I genuinely appreciate your understanding and continued trust in my tutoring services. I look forward to our upcoming lessons.

Best regards,

[Your Full Name]

[Your Preply Profile Link]

[Contact Information]

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### Additional Tips:

1. Give Adequate Notice: Make sure you inform your students at least a few weeks in advance before implementing the new rates.
2. Personalize the Message: Using their names and referring to their progress can make the message feel more personalized and less transactional.
3. Offer a Transition Period: If possible, consider honoring the old rate for a few lessons post-announcement for long-term students as a goodwill gesture.
4. Be Transparent: Clearly explain the reasons behind the increase to foster understanding and trust.

I hope this template helps you communicate your price adjustments smoothly. Good luck!
Just for context, the current date is August 12th. I have students booked to the 31st August. I will honor the current price until that date. From the 1st of September, the price will increase. I think this is enough time, yes?
Absolutely, providing notice until the end of August is a fair and reasonable timeframe. This gives your students ample time to adjust to the new rate and plan accordingly. Here is the revised template taking this context into account:

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Subject: Important Update: Upcoming Changes to Lesson Rates

Dear [Student’s Name],

I hope this message finds you well. It has been a pleasure working with you and seeing your progress in English language learning.

I am writing to inform you about an update regarding my lesson rates on Preply. Starting from September 1, 2023, my new hourly rate will be [$New Rate]. This decision has not been made lightly; it comes in response to the increased time and resources dedicated to ensuring high-quality, personalized lessons for each student.

Please note that I will honor the current rate for all lessons booked until August 31, 2023. I aim to ensure a smooth transition and to continue providing the high-quality education you expect.

If you have any questions or concerns about this adjustment, please feel free to reach out to me directly. I am more than happy to discuss this change and find a way to best accommodate your needs during this transition.

I genuinely appreciate your understanding and continued trust in my tutoring services. I look forward to our upcoming lessons and to helping you achieve your language learning goals.

Best regards,

[Your Full Name]

[Your Preply Profile Link]

[Contact Information]

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### Additional Tips:
- Proofread: Make sure there are no typos or mistakes in the message to maintain a professional tone.
- Follow Up: Consider sending a follow-up reminder closer to the date of change to ensure all students are aware.
- FAQ: Be prepared to answer any questions they might have, possibly even creating a small FAQ document if several students express similar concerns.

This template should help you communicate your rate changes effectively and considerately.
I have a question about the pricing. Currently, i’m charging $15 USD per hour and i’m debating whether I should change it to $18 USD per hour or $20 USD per hour. I have over 700 hours of teaching experience on the platform and I have ten 5 star reviews. Please help me tease this out.
Certainly! Deciding on the right hourly rate can be challenging but considering your extensive experience and positive reviews, you should feel confident in adjusting your price to reflect your value. Here are some factors to consider when debating between $18 USD and $20 USD per hour:

### Factors to Consider:

1. Market Rates:
- Research what other ESL tutors with similar experience and ratings are charging on Preply or other platforms. Aligning your prices with market rates ensures competitiveness.

2. Your Value Proposition:
- With over 700 hours of teaching experience and ten 5-star reviews, you’re offering proven quality. Students are more likely to invest in someone with demonstrated success.

3. Student Sensitivity to Price Changes:
- Understand your students’ sensitivity to price increases. Moving from...

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