Search Results for: blog can you justify a high price

Do You Steal From Hotels?

Do you prefer the towels, magazines or shower caps? What do you really pilfer from hotels? Town and Country magazine, recently asked its rich subscribers what, if anything, they swipe from luxury hotel rooms. The answer: The soap. Affluent hotel guest prefer to lift expensive soap to extra-fluffy towels and bathrobes. And by expensive I mean brands like Acqua di Parma, Bulgari, Hermes and L’Occitane. No paper-thin bars of discount soap that don’t lather up or smell like a fresh morning dew. Rather, high-end guests are filling their Louis Vuitton bags with luxury lathers. According to the magazine, most guests … Continue reading →

Rising Gas Prices Are Putting The Squeeze on Family Budgets

Yesterday, I saw a news story about the rising cost of gasoline. The reporter mentioned that it is entirely possible that we will see gas prices rise as high as six dollars a gallon by the end of this year. I’ve already been feeling the pinch at the pump for a while now, because the amount of money that I have budgeted for gas does not go as far as it used to, even with my rather fuel-efficient Toyota Echo. As the price of gas continues to rise, my family and many others may have to make some big changes … Continue reading →

Expanding Your Market? Is it a Good “Fit”?

Recently I was working with a client who wanted to expand their existing market and reach out to what they saw as “compatible” markets. Other fields and areas of interest that they thought would be in the same “general interest area” as their existing market base. One of the things we needed to examine and consider was whether or not those new individuals were really a good and compatible fit with the existing ones? It may seem like a no-brainer—you might be thinking if our customers all like X, and there are other people over there who like Y and … Continue reading →

Sliding-Scale Fees and Prices

There are different ways to organize and deal with pricing in your home business and one of those ways is to consider offering fees or prices on a “sliding-scale” basis. This means that you set the price range, and depending on the individual’s resources and ability to pay, they may pay the low-end price or, potentially, the high-end one. There seem to be some businesses and industries that are better-suited for sliding-scale fees than others. I have noticed that some therapists and counselors use this type of payment structure and I recently signed up for dance classes with a dance … Continue reading →

Can You Justify a High Price?

There are various ways of going about pricing—you can go with a bargain rate to try to attract buyers who are looking to save money, or you could consider offering a high quality product or service and charging accordingly. The general rule for charging a high price, however, is that you need to be able to justify the pricing. Pricing and the market can be interesting—people are willing to pay higher prices for all sorts of reasons. They will pay more for a popular brand, or for prestige, and they are also generally willing to pay more for a higher … Continue reading →

Should You Charge More for Last Minute or Past a Deadline?

Increasingly it seems, everything is done last minute. People tend to treat deadlines as though they were a “suggestion” and not the last date for making a payment, a purchase, or filling out an application. Some businesses choose to just let all this last minute business slide and make accommodations, while others are finding that it is necessary and reasonable to charge fee for things that come in late. You may notice that if you attend a conference or purchase tickets to something, there is often a “price break” if you order or apply early. Of course, this is to … Continue reading →

Can You Justify Your Prices?

I have written before about the process of figuring out what your pricing should be in your home business—including how tough it can be to sort out exactly whether to charge by the hour, the project, or some other way. One thing that will come up, especially if you have set your prices on the higher end of the scale, is whether or not you can justify the prices you are charging. When I write of “justifying” your pricing—I do not mean defending the prices you have set for the products or services you offer in your home business. I … Continue reading →

Are You Considering Cutting Health Insurance to Save Money?

When money is tight you may look at cutting down the amount withheld from your paycheck. This could include cutting your health insurance. You may be considering staying home with your children. This will change your benefits and how much you have to pay out of pocket. You may be wondering if you can afford not covering yourself and possibly your children. You may justify that you will remain healthy. Your feel great and have no reason to expect anything to happen. I know one person who ended up paying out of pocket for an emergency gall bladder surgery. It … Continue reading →

Travel Savings Strategies

Choosing to fly during the off-season is an easy way to save money; however, there are many other ways you can pad your wallet when your travel plans take you to the airport.  The key to saving big is a little pre-flight strategizing. For example, if you only fly on commercial airlines a few times a year, you may have a hard time justifying the costs associated with an airport lounge membership.  Still, it’s hard to resist the comforts and services provided at these luxurious airport hangouts. Some of the perks of lounge membership include: Peace and quiet:  Most airport … Continue reading →

Don’t Pay For Convenience

As chaotic as most parents’ lives are, it’s no wonder products such as bagged salad, pre-cut cantaloupe and rotisserie chicken are in high demand. Unfortunately, convenience often comes with a hefty price tag.  Think about how much you spend on items that make your life easier.  Even if you purchase four cheap bags of salad each week for an entire year, you’re looking at paying at least a few hundreds dollars.  You could save money by purchasing a head of lettuce, whole carrots and some celery, and then chopping them up yourself, but how do you put a price tag … Continue reading →