A Note From Our Founders: Tariffs & Pricing
As many of you may know, recent changes to U.S. tariffs have placed significant new costs on businesses like ours — especially complex hardware products like the Lowdesk. Some of our component costs have increased by over 140% almost overnight.
As a two-person, bootstrapped company, we’ve spent the last month exploring every possible way to avoid impacts on our customers. Here’s the three-part plan we’re putting into action:
- We negotiated with our suppliers to successfully reduce costs on several components. While not all increases could be offset, this helps soften the impact.
- We’re shrinking our profit margins even further. Our margins were already thin as a small, scaling hardware business, but we’re committed to shouldering part of this burden ourselves.
- Starting May 10th, we are making adjustments to our prices. This was the last lever we wanted to pull, but it allows us to stay sustainable and continue delivering the product and service you expect.
We’ve structured these changes thoughtfully, distributing the weight of the tariffs between our suppliers, our business, and our customers — instead of passing it all onto you like many other businesses.
We view this price increase as a temporary measure, and we are actively working on rebuilding our supply chain to minimize tariff exposure. As we succeed in doing so, our commitment is clear:
- First, to return prices to pre-tariff levels.
- Second, to lower them further as we continue to grow and innovate.
We’re incredibly grateful for your support as we navigate this challenge. Your trust and belief in Lowdesk fuels everything we do — and we’re more committed than ever to bringing freedom of movement to workspaces everywhere.
Thank you for being part of this journey with us.
With gratitude,
Greg & Jack
Co-Founders, Lowdesk by Uppeal