At StarkSouk, we understand that various factors influence pricing rate increments for agencies, studios, and freelancers. It is completely acceptable to discuss price increases for the projects, especially in long-term collaborations. Below are our guidelines regarding price adjustments from our side.

Factors That Determine Price Rises

1. Scope Changes: Clearly outline any modifications to the project scope that necessitate a price increase. This includes:
   • Additional tasks
   • Revisions
   • Expanded deliverables not included in the original agreement
2. Increased Costs: Provide evidence of increased costs related to tools, software, or resources necessary for the project.
3. Time Constraints: Explain any changes in timelines that require additional resources or efforts, justifying a price increase.
4. Skill and Capabilities: Consider any improvements in skills or capabilities that enhance the value of your contribution.
5. StarkSouk Growth: Reflect on how the overall growth of our company might necessitate adjustments in pricing.
6. Changes in Role and Responsibilities: Significant changes in roles or responsibilities may justify a price increase.
7. Learning Curve: A steep learning curve that significantly enhances someone's impact and capabilities may warrant a reevaluation of current pay.
8. Market Changes: New information—whether internal or external—that impacts your role within the organization should be taken into account.

Who Determines Price Increases?

Price increases are determined through discussions involving the core team or co-founders, based on your project performance review or a price raise request.

When to Discuss Price Increases?

1. During Project Onboarding: Address potential price increases during the onboarding of the next project.
2. When You Bring It Up: We encourage open communication about compensation. If you feel your pay is inadequate, please raise the issue. Team leads take these concerns seriously, provided you present a clear rationale for the discussion.
3. When We Bring It Up: Members of the StarkSouk leadership or core team may proactively initiate a discussion about price adjustments.

How to Communicate About Price Increases

• Early Communication: Notify agency partners or freelancers as soon as a potential price increase becomes apparent. Early communication fosters transparency and collaboration.
• Scheduled Reviews: Conduct regular project reviews to discuss progress and any potential changes. Use these meetings to address any price adjustments proactively.
• Formal Proposal: When submitting a price increase request, provide a formal proposal that includes:
  • A summary of the original project scope
  • An explanation of the changes or increased costs
  • A proposed new price or adjusted rate