SS Mod 4 Increase Your Prices
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Questions and Answers

Why might you need to raise your prices in your salon suite?

  • To keep up with demand (correct)
  • To attract more customers
  • To make more profit
  • To compete with other salons
  • What does the author compare the demand for sitting in your chair to?

  • The demand for a trendy fashion item
  • The demand for a hot new toy (correct)
  • The demand for a popular movie
  • The demand for a luxury car
  • When should you consider increasing your prices?

  • When you first open your salon suite
  • When you want to make more profit
  • When you want to attract more customers
  • When there is high demand for your services (correct)
  • Which tool should be used to measure success on the Big four?

    <p>Big four calculator</p> Signup and view all the answers

    What should be completed to name price increases by each service?

    <p>Level pricing worksheet</p> Signup and view all the answers

    What is the purpose of engaging a summit salon coach?

    <p>To customize the price list</p> Signup and view all the answers

    What is rebook?

    <p>When guests book their future reservation before leaving the salon suite</p> Signup and view all the answers

    Why is rebook important for salon owners?

    <p>It increases the number of visits from guests</p> Signup and view all the answers

    How can salon owners encourage guests to rebook?

    <p>Asking guests to rebook while they're still in service</p> Signup and view all the answers

    What is the potential additional revenue for salon owners by keeping guests on a regular schedule?

    <p>$15,000 a year</p> Signup and view all the answers

    When is a good time to rebook guests?

    <p>While their color is processing</p> Signup and view all the answers

    What is the importance of using a specific timetable when inviting guests back for their future reservation?

    <p>It prevents confusion about when the guest should return</p> Signup and view all the answers

    What is the benefit of building new guests and inviting new people to the salon suite?

    <p>It helps to build demand on the salon's time</p> Signup and view all the answers

    What is the purpose of having a referral program in the salon suite?

    <p>To reward current guests for sending in their friends</p> Signup and view all the answers

    Which strategy does the speaker recommend for attracting new customers through social media?

    <p>Posting photos of guests on social media</p> Signup and view all the answers

    What is the suggested approach for starting a conversation about inviting guests' friends to the salon?

    <p>Expressing gratitude for the guest's business</p> Signup and view all the answers

    What does the 'big four calculator' help with?

    <p>Analyzing the impact of the 'big four' on business revenue</p> Signup and view all the answers

    What are the 'daily indicators' mentioned in the text?

    <p>All of the above</p> Signup and view all the answers

    What is the purpose of offering styling lessons to guests?

    <p>To build trust and demand on your time</p> Signup and view all the answers

    What is the potential profit from selling $250 worth of products per week?

    <p>$12,000</p> Signup and view all the answers

    What does the brand promise in the text emphasize?

    <p>Using the safest professional products</p> Signup and view all the answers

    How does the salon suite approach guest rejections?

    <p>By providing a unique experience for all guests</p> Signup and view all the answers

    How do we measure success in service?

    <p>By measuring average ticket</p> Signup and view all the answers

    What is the Big Four?

    <p>Service, retail, rebooking guests, finding new guests through referrals</p> Signup and view all the answers

    How can increasing the average ticket benefit a salon suite owner?

    <p>It can result in increased service sales and tips</p> Signup and view all the answers

    What can salon professionals do to overcome the challenge of offering additional services to their guests?

    <p>Take a minute to plan out what to say and be prepared</p> Signup and view all the answers

    True or false: Increasing your prices can create anxiety for people.

    <p>True</p> Signup and view all the answers

    True or false: The more demand you have in your salon suite, the more you have to raise your prices.

    <p>True</p> Signup and view all the answers

    True or false: Pricing services and increasing prices can be a challenge for salon owners.

    <p>True</p> Signup and view all the answers

    True or false: Increasing the average ticket can result in increased revenue for a salon suite owner?

    <p>True</p> Signup and view all the answers

    True or false: Offering service enhancements can help increase the average ticket?

    <p>True</p> Signup and view all the answers

    True or false: Planning out your day and preparing for success can help in offering additional services to guests?

    <p>True</p> Signup and view all the answers

    True or false: Rebooking guests is one of the Big Four strategies for earning more money in a salon suite?

    <p>True</p> Signup and view all the answers

    Completing the level pricing worksheet is the first action step recommended

    <p>True</p> Signup and view all the answers

    The Big Four calculator helps measure the demand on your time

    <p>True</p> Signup and view all the answers

    Engaging a summit salon coach is necessary to customize the price list

    <p>False</p> Signup and view all the answers

    True or false: Rebooking guests while their color is processing can lead to more success?

    <p>True</p> Signup and view all the answers

    True or false: Using a specific timetable when inviting guests back for their future reservation is important?

    <p>True</p> Signup and view all the answers

    True or false: Increasing the average ticket can benefit a salon suite owner?

    <p>True</p> Signup and view all the answers

    True or false: Having a referral program in the salon suite can help attract new customers?

    <p>True</p> Signup and view all the answers

    True or false: Saying 'no, thank you' to a waiter will make him turn into a puddle on the floor.

    <p>False</p> Signup and view all the answers

    True or false: If a guest refuses dessert, the waiter will not offer it to the next table.

    <p>False</p> Signup and view all the answers

    True or false: If a guest doesn't want dessert, they will not be offered dessert again on their next visit.

    <p>True</p> Signup and view all the answers

    True or false: Increasing retail sales can build trust and demand on your time as a salon suite owner.

    <p>True</p> Signup and view all the answers

    True or false: Rebook is when guests book their future reservation before leaving the salon suite.

    <p>True</p> Signup and view all the answers

    True or false: Guests who rebook are likely to come in 2 to 3 times more per year.

    <p>True</p> Signup and view all the answers

    True or false: Rebooking can reduce the number of messages and calls salon owners have to deal with.

    <p>True</p> Signup and view all the answers

    True or false: Rebooking can generate an additional revenue of almost $15,000 per year.

    <p>True</p> Signup and view all the answers

    True or false: The social media guest influencer strategy involves giving guests photos to post on their own social media accounts.

    <p>True</p> Signup and view all the answers

    True or false: By using the referral program and digital referral cards, salon owners can invite friends of guests to come into their salon suite.

    <p>True</p> Signup and view all the answers

    True or false: Starting a conversation about inviting guests' friends to the salon with gratitude is recommended by the author.

    <p>True</p> Signup and view all the answers

    True or false: The Big Four Calculator helps salon owners understand the impact of increasing each of the big four factors on their bottom line.

    <p>True</p> Signup and view all the answers

    Study Notes

    Increasing Prices and Earning Raises in a Salon Suite

    • The focus is on increasing prices and earning raises in a salon suite.
    • Building demand on your time and in your toolkit is the starting point.
    • A price level worksheet is available to help set baselines and plan for future raises.
    • The concept of the Big Four is essential for earning more money in a salon suite: service, retail, rebooking, and referrals.
    • Success in service is measured by increasing the average ticket, which can lead to significant revenue increases.
    • Retail sales offer an opportunity for profit by teaching and empowering guests on how to maintain their look at home.
    • Rebooking is often misunderstood and involves securing future reservations before guests leave the salon suite.
    • Rebooking leads to more frequent visits, a consistent schedule, and less communication for the stylist.
    • Strategies for rebooking include using a social digital planner and drawing inspiration from other industries like dentistry.
    • Increasing prices and earning raises require offering additional services and making beautiful offers to guests.
    • Planning and preparation are crucial for success in increasing prices and earning raises.
    • The ultimate goal is to build trust and demand on your time as a stylist in a salon suite.

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    Master the Social Media Guest Influencer Strategy Quiz: Learn how to effectively leverage the power of social media influencers to promote your business. Test your knowledge on creating beautiful guest photos, gifting them to guests, and maximizing social media exposure. Discover the secrets to harnessing the influence of others and driving organic growth. Take the quiz now!

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