Tiered pricing isn't just about gaining the profits your business deserves. It is also about giving recognition to those employees who are excelling.
I spend most of my time traveling and consulting with salon owners. Most of these clients ask for good, profitable financial strategies. In this video, I will talk about tiered pricing and how you should leverage this tool to get better profits, give more value to your customers and provide your employees with a better way to build clientele.
Most salon owners don't see the value in tiered pricing. To be blunt, this is why some of these businesses fail. You have to remember that a big part of running the business you deserve, is generating the profits you deserve. You have to consistently revisit your pricing structure. And see if you're leaving money on the table. While you create an environment where employees strive for something more.
Tiered pricing isn't just about gaining the profits your business deserves. It is also about being able to carefully provide recognition to your employees who are excelling. You are also able to provide loyal employees with incentives that will continue to motivate them into providing good services. Additionally, it also addresses the injustice that high performing employees may feel when they charge the same rate as less experienced employees.
Show your employees that you have a clear vision for them. That you want them to progress in this industry. It will work wonders for a growing business!
Here I want to give you the top 3 reasons why I think you should be introducing tiered pricing into your hair or beauty salon.