Hi all,
Can anyone give me tips on raising rates without making my parents hate me? ::
I run a before/after school care service and am considering upping my rates for the next school year. I'm currently the cheapest option around and I really think my prices are too low. My weekly rates are cheaper now than our local yclub program's (and that's what I've modeled my business after). My husband told me the other day that I shouldn't be trying to compete with yclub because they're a corporation and I'm a boutique. I think he may have a point! At the same time, I don't want to lose the great parents/kiddos that I have.
I do flat rate pricing and right now I'm at $41 for AM care and $50 for PM care. I am considering increasing to $45 for am and $55 for pm, which is about a 10% increase. Is this too much?
Can anyone give me tips on raising rates without making my parents hate me? ::
I run a before/after school care service and am considering upping my rates for the next school year. I'm currently the cheapest option around and I really think my prices are too low. My weekly rates are cheaper now than our local yclub program's (and that's what I've modeled my business after). My husband told me the other day that I shouldn't be trying to compete with yclub because they're a corporation and I'm a boutique. I think he may have a point! At the same time, I don't want to lose the great parents/kiddos that I have.
I do flat rate pricing and right now I'm at $41 for AM care and $50 for PM care. I am considering increasing to $45 for am and $55 for pm, which is about a 10% increase. Is this too much?
Comment