mrshowtime3
New Contributor
Im starting a pool service company that will also sell chemicals and all other supplies on a delivery basis. Dont have a store. Im curious which way of doing things would be more attractive to the consumer.
Ive got my prices set for chemicals. They are lower then the local competition and lower then even alot of online sites. Now im fine with my profit margins with the prices how they are. However I wouldnt be able to do any 10% off deals etc.... So which way sounds better to you.
1. Keep the prices just as they are and advertise them as such. Not enough room in margin to do 10-20% off specials.
2. Raise prices up to what local competion is at. This would be the "regular price" Then offer customers the option of becoming "members" where they get a card for a cheap price like $5. Members would get 12% off every purchase they ever make. And with the raised prices, taking that 12% off brings them down to what I originally planned on doing so the margin will be ok. Then maybe do something such as, if a member refers someone to me then they get $10 credit.
Just curious what you all think as consumers would be better. Ive been thinking option two would help with repeat business. Thank you for reading and im looking forward to seeing what you think.
Ive got my prices set for chemicals. They are lower then the local competition and lower then even alot of online sites. Now im fine with my profit margins with the prices how they are. However I wouldnt be able to do any 10% off deals etc.... So which way sounds better to you.
1. Keep the prices just as they are and advertise them as such. Not enough room in margin to do 10-20% off specials.
2. Raise prices up to what local competion is at. This would be the "regular price" Then offer customers the option of becoming "members" where they get a card for a cheap price like $5. Members would get 12% off every purchase they ever make. And with the raised prices, taking that 12% off brings them down to what I originally planned on doing so the margin will be ok. Then maybe do something such as, if a member refers someone to me then they get $10 credit.
Just curious what you all think as consumers would be better. Ive been thinking option two would help with repeat business. Thank you for reading and im looking forward to seeing what you think.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today