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Pricing Thoughts [EP:155]
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Navigating Pricing Structures & Business Strategies in the Salon Industry
In this episode, Jen and Todd celebrate their podcast's upcoming third anniversary while discussing various aspects of running a successful salon business.
They reflect on maintaining consistent content, adapting to life changes, and share insights into different pricing models, including a la carte, hourly, and hybrid structures.
They also touch upon the importance of understanding costs, avoiding social media pitfalls, and preparing for the future.
A special shout-out goes to Tracy from Kentucky for her feedback.
The episode wraps up with personal takes on back-to-school routines and setting up future goals for continuous business growth.
00:00 Introduction and Podcast Milestone
00:09 Reflecting on Podcast Journey
02:01 Listener Shoutouts and Engagement
03:53 Back to School Anxieties
04:39 Diving into Pricing Structures
06:32 Challenges with A La Carte Pricing
14:30 Hourly Pricing Model: Pros and Cons
16:16 Client Reactions to No-Tip Policy
17:15 Establishing a Fair Haircut Rate
17:47 Understanding Profit in Pricing
17:58 Hourly Pricing Benefits for Staff
18:36 Service Providers and Tips
20:50 Implementing Add-Ons and Pricing
26:02 Social Media Announcements
31:44 Closing Thoughts and Future Planning
Links and Stuff:
Our (weekly) Email List
Find more of our things:
Instagram
Hello Hair Pro Website
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