How should I ask my client for a raise?
I feel like I’ve backed myself into a bit of a corner with one of my clients, and I’m not quite sure how to approach it.
For the sake of the story, let’s call him John. John is a great guy, but he has never been fully sold on digital marketing. He is more old-school in the way he thinks about business development. To him, marketing is built around relationships, nice dinners, handshakes, and personal trust.
So you might be wondering how we ended up working together when I run an SEO company and he does not really believe in SEO. The answer is that I spent months building the relationship without pressuring him. I was simply available when he had questions, whether it was about his website, marketing, or what I thought would be best for his business. Over time, I think that approach earned his trust, and eventually he decided he was ready to give SEO a try.
The challenge is that when he came on board, he negotiated me down to a discounted rate. I agreed because I saw it as a way for him to get his feet wet, with the understanding that once we built some traction, we would revisit the rate.
Fast forward to today, and I honestly got so focused on growing my business and doing the work that I forgot about the rate increase conversation altogether. I only realized it during my yearly account review, where I look at the bigger picture beyond our regular monthly reports.
The results have been strong. John’s traffic has nearly tripled, and more importantly, his total leads from forms and calls have increased by over 40% in the past six months.
I’d like to present these numbers and ask for a rate increase, not just because it benefits me, but because it would allow us to put more resources into continuing to grow his business. My concern is that, because the campaign is already working, he may say, “Why should I pay more if things are going well as they are?”
I know the answer is that more resources would allow us to expand, build on the momentum, and pursue additional growth opportunities. I’m just not sure how he’ll take it or how to position the conversation in a way that feels fair and professional.
How should I properly ask for this rate increase?