With the cost of fuel and everything associated with it, are you planning to raise prices this year? You need to remain profitable, but you need to remain competitive also. The fine line between profit and chasing people away is a tough line to cross. How are you handling the current economic conditions?
Well, I believe that everything should get raised annually, but keep your lost leaders (oil changes, etc) at the same price points, if you can. Adjust your pricing to reflect your cost of doing business. Labor and parts increases on larger jobs. Maintenance increases where needed, after doing a market survey in your area.
Has Gas Prices and Other Costs forced You to Raise Prices?
in Accounting, Profitability, & Payroll
Posted
Well, I believe that everything should get raised annually, but keep your lost leaders (oil changes, etc) at the same price points, if you can. Adjust your pricing to reflect your cost of doing business. Labor and parts increases on larger jobs. Maintenance increases where needed, after doing a market survey in your area.