How to bulk increase membership pricing for existing memberships

[Upwork1]

How would increase your membership pricing for existing memberships in the next year? A manager suggested canceling and re-add all of our ongoing memberships with the new pricing, which doesn't make sense to be doing every year. Any suggestions?

[Vwise1]

I got the same answer from my CSM. Seems like such an obvious flaw in this system. ST would need to write a module to support this as we just can't raise the price of an ongoing membership without some type of customer acknowledgment/approval. The entire memberships module is wonky and very narrow in scope. 

[bdanielson]

You could try making them dynamically tied to the code items in the Pricebook, so that when you update the Pricebook entry for the membership, it adjusts all the memberships that share the code. I believe you'd do this through creating an invoice template for the membership billing.