Perfect Pedicure Pricing

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[/vc_column_text][vc_empty_space height=”12px”][vc_column_text]I think of my good friend Nellie Neal.  We all know how glamorous and eccentric he is.

What’s interesting to me about Nellie, he is the epitome of be who you are and let that reflect in your services and your service dollars.

Nellie had a price increase in February.  He just had another price increase due to COVID19.  Many of you don’t feel this is the time to “raise your prices”.  Is it?

Many of you shake your head at what Nellie charges.  What you don’t realize though, Nellie feels and knows he’s worth it…..THAT’S the difference![/vc_column_text][vc_empty_space height=”12px”][/vc_column][/vc_row][vc_row content_placement=”middle” css=”.vc_custom_1534802218178{margin-top: 50px !important;}”][vc_column width=”1/2″][vc_single_image image=”8661″ img_size=”500×500″ alignment=”center” style=”vc_box_rounded” css_animation=”none”][/vc_column][vc_column width=”1/2″][vc_column_text]

[/vc_column_text][/vc_column][/vc_row][vc_row content_placement=”middle” css=”.vc_custom_1534802218178{margin-top: 50px !important;}”][vc_column width=”1/2″][vc_column_text]

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_single_image image=”5525″ img_size=”500×500″ alignment=”center” style=”vc_box_rounded” css_animation=”none”][/vc_column][/vc_row][vc_row css=”.vc_custom_1534802238716{margin-top: 50px !important;}”][vc_column][vc_column_text]When I bought my Salon, I bought into already established pricing. Over the course of many years I adjusted accordingly.

When I built my new facility from the ground up, I did research around the area I was building. I was appalled by the general pricing. I couldn’t conform.

I charged the pricing I did based not only on Business expenses. I priced according to the knowledge of my staff and the products I was using. The more knowledgeable we became, the more the price went up.[/vc_column_text][vc_empty_space height=”12px”][vc_column_text]In 2008 when I met Footlogix and changed my entire service venue from Gena products to Footlogix, my pricing went up $25.00 per pedicure. We went from $45.00 – $70.00 We had no challenges with the increase.

My clients knew of my introduction to the brand and we were able to show them the difference in the quality. And… they appreciated the growth.[/vc_column_text][vc_empty_space height=”12px”][vc_column_text]During COVID19 we, as a Distributor have experienced things we have never experienced before.

• Major price increases
• Delayed deliveries
• Backordered-out of stock products
• Allotment of products
• And more!

These COVID19 times are stressful.

I chose and have shared with you, to absorb much of the price increases I’ve experienced…at least for a few months. I chose this not only because my Salons were out of work. I choose to do this and notify you for future reference, so you can make your plans for what you need to do.

In this case, it’s a hard good. It’s not about my personal time.[/vc_column_text][vc_empty_space height=”12px”][vc_column_text]Trust me, because of the change in logistics with hard goods, I’m working 60 hours per week and getting a lot more grey hairs really fast. It has not been easy.

However, I know this is only temporary. It will change.

When it comes to your services and what your Salon policies are going forward…these are forever changes. You never go back. You only go forward until the next change….forward.

So, how then do your price your Pedicure services?[/vc_column_text][vc_empty_space height=”12px”][vc_column_text]First and foremost you have to know your cost.

• Square footage cost
• Cost of products

Square footage cost includes everything it takes for that square footage to break even.

Cost of products is everything used in the service. Tools and equipment should be considered in your square footage cost, not your product cost.

I personally feel the biggest mistake most people make, is determining cost based on flat rate instead of percentages.

• What percentage should your rent be of total income
• What percentage is your labor cost of total income
• What percentage is your product cost of total income

You can google and I know there are some great people like Tina Alberino who wrote books on determining your cost which you can reflect to.

When it comes to Business…it is all relative. 10%, 25% increase in sales is amazing. Doesn’t matter if it’s 10% of $100 or 10% of 100,000.00.

KNOW WHAT YOUR PERCENTAGES ARE

[/vc_column_text][vc_empty_space height=”14px”][vc_column_text]Once your square footage cost is determined, the next factor is your worth!

I’ve said this before….”If you are going to work for $15.00 per hour, your may as well go to Starbucks or McDonals to where you at least get the benefits”.

KNOW YOUR WORTH

[/vc_column_text][vc_empty_space height=”14px”][vc_column_text]When I was hiring for my Salon, I always asked the following;

There is no right or wrong answer;  IF YOU COULD PAINT THE PERFECT SCENERIO…what would it be?

• How many hours a week do you want to work?
• Do you want to work nights or days?
• What services do you not like to do?
• How much money do you want to make?

If you can answer these questions, you can determine your worth. Much to my dismay, the answers were dismal…or they didn’t know how to answer at all.

They couldn’t dream. They couldn’t commit. They couldn’t imagine. They weren’t right for me.

It’s so strange to me that people don’t know the answer to those questions.[/vc_column_text][vc_empty_space height=”14px”][vc_column_text]When I began raising my prices at my Salon, I posted a banner on the front of my building….

WE FIX THOSE $15.00 NAILS

It wasn’t intended to put down the competition, it was intended to let people know…we are qualified in the services we offer. We are knowledgeable in our Profession and we want to brag about it.

So, the last thing you want to do in determining your pricing is making sure you have the credentials to earn it.

• Are you using quality foot care products
• Are you continuously educating yourself
• Are you, are your services worth what you are charging

[/vc_column_text][vc_empty_space height=”14px”][vc_column_text]If you don’t know how much you want to work, nor how much you want to make….how the heck do you determine your cost?

Are you going based on the Salons around you? Are you following what you think might be the norm? Are you afraid you may not sell your services if your prices are too high?

If you answered yes to any of the above….you be forever in a rut and never get anywhere. You will always be working harder and not smarter.[/vc_column_text][vc_empty_space height=”14px”][vc_column_text]To price your services properly you need to know your worth.  Ask yourself these questions;

• How many hours per week do I want to work
• Do I want to work nights, days, weekends?
• How much do I want to make?

in addition

• Am I educated
• Am I staying educated
• Am I providing a safe environment
• Am I doing the best I can for my clients

Once you know your square footage cost, once you know the answers above….only then you can begin to determine your prices….and go after it.[/vc_column_text][vc_empty_space height=”14px”][vc_column_text]Getting back to Nellie.

He for sure knows the cost associated with his services and there is absolutely no doubt he knows his own worth. Which….changes upwardly yearly.

However, he also recognizes, perceived value is just as important. He recognizes giving the client more than what they expect is important.

He also knows, he makes no apologies for asking the price he deserves.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_gallery interval=”3″ images=”2087″ img_size=”100×100″ title=”CJ Murray, President”][/vc_column][/vc_row][vc_row][vc_column][social_icons][/social_icons][/vc_column][/vc_row]