I believe that it is important to share the best of what I have learned with others. By doing so, I hope to provide you with an advantage over those who have to learn everything for themselves. This Best Practice Series focuses on points that I believe lead to success in the beauty industry. These are the fundamentals that I used to expand my company from 1 salon to 4. We use these methods every day to grow and prosper. – Eric Fisher
the red factor
How do you make more money in the beauty industry? One way is to raise your prices. Many salons and spas look at the RED Factor when considering level-ups and raises. What does RED stand for? Retention, Experience and Demand.
- Are you retaining your clients?
- Do you continue to gain experience with education and training?
- Are you in demand as a beauty professional?
If you answered yes to these questions, it might be time to consider a price increase.
For other Best Practice tips, click here.