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Articles > Charge Extra For Styling? See How It Adds Up💰
October 26, 2018

Charge Extra For Styling? See How It Adds Up💰

See How Charging For Styling Can Help Your Retirement Savings

Is styling included with every service you perform, or do you charge extra? Here’s what salon owner, businesswoman and BTC Team Member @the_hair_doctor, also known as Gina Bianca, has to say on this topic, and why charging for styling can pay for retirement:

 

“I get roasted by some people whenever I mention a curl add-on. I do charge for every service performed, even the curls. If you want to be a free curl stylist that’s completely OK, however I recommend adjusting your haircut price to including curling and make up for that 15 minutes of extra time.”

 

OK, makes sense…and then Gina breaks it down in cold hard cash:

 

  • 4 curls [styles] a day at $15 for each add-on = $60
  • 5 days a week = $300
  • 52 weeks a year = $15,600
  • Divide that by 12 months = $1,300/month extra

 

 

Still following? Now Gina brings up a great point: “My clients aren’t in charge of saving for my future. I am. I am in charge of being a true professional and taking care of myself and my family.” So here’s what Gina suggests…

 

  • Invest that into retirement: $15,600 (initial investment)
  • Monthly investment $1,300 (same number generated above for charging $15 for curl add-ons)
  • Over 42 years (from age 25-67) at 12% interest = $18,670,170

 

“Why do you think guac is extra? That’s a lot of guacamole! How many of you are calling a financial advisor right now?…Your clients will totally accept anything for free if you offer it. Stop offering. Instead, REWARD good behaviors like frequency of visit, referrals and high average tickets. Stop giving s*** away for free every single day.”

 

Well said, Gina! Read all the comments in the post below for more on this conversation:

 

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To charge for curls or not to charge for curls. I get roasted by some people whenever I mention a curl add on. I do charge for every service performed, even the curls – If you want to be a free curl stylist that’s completely ok, however I recommend adjusting your haircut price to including curling and make up for that 15 minutes of extra time. Some people give me a lot of hate about charging for these services. Stay with me and keep reading… First off, less than 5% of hairstylists save for retirement. Just saying. Here is why free curls can change everything – if you still don’t wanna charge for curls after reading this, consider your tips! 1. 4 curls a day at $15 each curl add on = $60 2. 5 days a week = $300 3. 52 weeks a year = $15,600 4. Divide that by 12 months = $1300 5. Invest that into retirement: $15,600 (initial investment) 6. Monthly investment $1300 (same number generated above for charging $15 for curl add-ons) 7. Over 42 years (from age 25-67) at 12% interest those free curls your giving away could be worth 8. $18,670,170 (read that again, 18.6 million) Why do you think guac is extra? That’s a lot of guacamole! How many of you are calling a financial advisor right now?? But seriously… Now, idk about you – but my clients aren’t in charge of saving for my future. I am. I am in charge of being a true professional and taking care of myself and my family. If you’re not comfortable charging for all services that a YOU problem. Your clients will totally accept anything for free if you offer it. Stop offering. Instead, REWARD good behaviors like frequency of visit, referrals and high average tickets. Stop giving shit away for free every single day. Thoughts? 💭

A post shared by AKA @THE_HAIR_DOCTOR (@iamginabianca) on

 

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