Strategies' Cost Per Hour Coaching Program gives you the
"Why, What, and How" to correctly price your services.
75% to 90% of your revenue comes from services. Do you know what delivering one hour of service costs? Sadly, most owners don't. That means service prices are based on either guesswork or what competing salons/spa/medspas are charging.
Why charge by time?
- Except for retail, we are in the business of selling time.
- Charging for time puts value back into skill and expertise.
- Everything, including professional products, is included in the time quoted.
- Drastically simplify your service menus.
- It's time to charge for your time as other professionals do!
FACT:
Service pricing begins with knowing your cost per hour. Once you know the cost to deliver one hour of service, you can add your desired profit margin.
What does charging by time mean?
- It drives efficiency and productivity because the focus is now on time.
- It's easy to understand and break it down into 45, 30, and 15-minute price/time increments.
- Higher revenues because nothing slips through the cracks.
- Train and coach service providers to work within time standards.
- It simplifies and reduces miss-quoting prices on the phone or during consultations. For example, “This service requires two hours. We charge $XX per hour.”
- Yes, the processing time is included in the time fee.
Imagine reinforcing your brand using a pricing structure that charges for time, skills, and expertise rather than the "name" of specific services.
With Strategies' Cost Per Hour Coaching Program, you'll work one-on-one with a Certified Strategies Coach, as they help you craft a bulletproof pricing structure that ensures every service produced in your salon/spa is generating pure profit.
Your personal Certified Strategies Coach will work with you to...
- Calculate your COST per hour so you know exactly how much it costs to produce an hour of service in your company.
- Determine your desired profit margin for services.
- Set pricing for ALL your services based on your actual cost per hour and desired profit margin, so you'll ALWAYS make money on every service.
- Establish time standards, so your team stays on schedule, your clients receive accurate pricing, and your profit margins remain consistent.
- Monitor your productivity rate to ensure you have the correct ratio of “hours sold vs. hours available for sale.”
- Help your team understand the importance of cost per hour, reducing miss-quoted prices on the phone or during consultations.
After working with your coach...
- You'll be able to look at your appointment book and know exactly how much profit every booked hour will generate.
- Every member of your team will be well-versed in explaining the pricing for every service you offer.
- You'll be able to get rid of those complicated and seemingly endless price lists.
Price: $2,385
Includes two (2) 60-minute coaching sessions per month for three (3) months
Terms & Conditions
This is a 100% commitment - “NO QUIT” contract.
This project will cross the finish line. No Compromise.
Have questions? Call or email:
Christy Harty
Business Relations Manager