How to raise prices for your spa business without losing clients
There comes a time with any successful business when the unavoidable must occur: raising prices on services. This may seem like a formidable task, but it doesn’t need to be. Raising prices can boost the perceived quality of the service.
When increasing prices, the biggest concern may be losing clients. However, the clients who shirk at paying more don’t usually see the value of the service or the practitioner’s worth.
Client attrition is a part of any business and is inevitable with or without price increases. The price increase is ultimately up to each business owner, but the general rule is between 7% and 10%. Some owners raise prices on their most popular services and leave the less popular services alone.
CONTINUE READING YOUR ARTICLE WITH A LNE DIGITAL SUBSCRIPTION
Sign in to your account or register