How To Raise My Prices I'm the cheapest in town.
Posted: January 7th, 2019, 12:19 am
So I've been in business for about 6 months now and it's been a bit unsteady. I'm not making as much money as I anticipated and it's all due to my pricing.
The other companies in town charge anywhere from $30-$70 for a single chip. Including my previous employer.
The average in my area is $50.
Since I was barely starting out on my own I decided to charge $30. But it's been hard making a profit.
I average out $2,000/month in sales. I do about 2-3 cars per day.. That's only enough to pay my business and personal bills.
I do get insurances here and there but I mostly get cash customers.
I've already developed a bit of a reputation for being one of the cheapest in town, but I'm not happy being the cheapest.
Customers have admitted to me that they come to me because they thought the other companies in town charged too much.
How can I raise my prices without losing any current and new customers?
How much do you all charge in your area? I'm in Texas.
The other companies in town charge anywhere from $30-$70 for a single chip. Including my previous employer.
The average in my area is $50.
Since I was barely starting out on my own I decided to charge $30. But it's been hard making a profit.
I average out $2,000/month in sales. I do about 2-3 cars per day.. That's only enough to pay my business and personal bills.
I do get insurances here and there but I mostly get cash customers.
I've already developed a bit of a reputation for being one of the cheapest in town, but I'm not happy being the cheapest.
Customers have admitted to me that they come to me because they thought the other companies in town charged too much.
How can I raise my prices without losing any current and new customers?
How much do you all charge in your area? I'm in Texas.