I am nearly qualified and am looking at pricing myself. If I look at prices near me and charge competitively then there's no point in even starting up. A home salon on the same road as me has recently started charging £4 for everything they do. This includes gel polish, extensions, eyelashes, pedicure and massage!!
How do you compete with that? Though when I think about it the extremely low price wouldn't inspire much confidence in me and I'd probably avoid them. Shame the rest of the people round here would go for price over quality.
You dont compete! You absolutely don't touch with a bargepole
Charge what you're worth, add value to your services if you think you need to. Sell your USP - are the clients in the other 'salon' herded in and out? Do you give a full and thorough consultation? Are your nails completely customised to each client? If so, could you make a little theatre of that, and mix their colour up (if appropriate, of course) in front of them? Well, Mrs X, you're slightly cooled toned so I'm using this on you, we've discussed shape and you've chosen an almond - this shape and colour will beautifully enhance your hands and making, making them appear sleeker and more elongated. If you're doing a pedicure, offer them a mint tea in a pretty china cup to relax with in a nice, comfortable chair. If you can, turn the lights down a little. It costs pennies, but adds a whole layer of relaxation to their treatment.
I've said it before and I'll say it again - cheap services (mostly) attract cheap clients. You cannot build a sustainable business from cheap, you don't WANT a business from cheap. And never, ever, engage in a race to the bottom - it never works, it just means that both techs end up slogging their guts out, unable to pay their bills.
In fact, was it carlsberg that said reassuringly expensive? Sell it
Hang up all your certificates for everyone to see, sing from the rooftops about top notch and qualified you are. Make sure everyone can see your pictures.
If you get a service for free, or for very little, you're less likely to look after it - which means more work for the tech at the rebalance as well as having to charge insulting prices.
To the OP: I'm more expensive than the salons local to me, but then I provide a totally bespoke, private service in the comfort of their own homes. I don't rush them in and out.
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