This episode is all about hourly pricing and the most common questions that I get from hairdressers before they make the switch into hourly pricing. It's a philosophy and mindset change with pricing. We are taking responsibility over what our time is worth and how we want the client interactions to look like. If you have more questions head over to www.destroythehairdresser.com/ethan to start coaching and to transform your business today.
If you're trying to figure out what you want your hourly pricing to be based on the amount of money that you want to make in a year. Here it is...!
Ideal Income (divided by) Amount of weeks you work (divided by) Amount of days you want to work (divided by) the amount of hours you want to work a day (times) 2
IE. $100,000 / 48 weeks = 2,083.33 / week
$2,083 Week / 4 Days a week = 520.83 / day
$520.83 Day / 7 Hours = $74.40 / hr
$74.40 x 2 (expenses, taxes, rent, etc) = $148.80
This is your formula play around with the amount of money, weeks, days, or hours and see what it is that you need to do for your business to have a more reliable income.