5 Signs Your Salon Is Leaving Money on the Table!
What’s the fastest way to increase your revenue and profit? Stop discounting, and raise your prices. Hmm, is there another answer Miki? Not really.
Let’s look at what happens when you don’t raise your prices:
In a service business, you will run out of hours, so getting more clients will only be an option for so long, especially if you’re good at keeping them. That will limit your businesses ability to grow. And lead to number 2.
Your mind, body and soul can only serve so many people before you start to experience burnout or feeling overwhelmed. Can you squeeze me in gets real old, real fast. 💨
What happens if you compete to be the ‘low cost option’ and you win?🤔 Congratulations, you get to serve every 'budget shopper' and ‘shop hopper’ in your town! 😝 One of my clients was amazed to hear that some people who became clients after she raised her prices, told her they liked her work before, but were afraid to try her because her prices were so low!
You're afraid to tell your clients how much their services will be. This is a big clue. You may need some support to believe that you’re worth it, and/or you may need to learn how to do it with grace. Both can be learned.
When you can’t afford an unexpected expense, a vacation or to take advanced education to advance your business, that’s a sign that you probably need to increase your prices.
Which one (or more) hit home for you? 🙋🏽♀️ Don’t worry, you don’t have to tell me, but if you want to make a change, you may want to take a look at my proven program, The Luxury Business Blueprint. It's helped people just like you to significantly raise their prices, with ease (and WITHOUT losing clients) and create a business that they truly love.
To get more information, on 'The Blueprint' and a super special offer, grab a copy of my FREE quick-start guide, '5 Ways to Increase Your Salon Suites Income, Without Working Harder', and keep an eye on your inbox! Click here to download it now!
