The Profit Trilogy - Part 3 - The REAL cost of discounts

Build Your Salon with Phil Jackson

Join me, Phil Jackson, as I guide you through another enlightening episode of our Build Your Salon podcast, where this time we're tackling the tricky topic of discounting within the salon industry. Have you ever considered the real impact of those seemingly harmless discounts on your profits? It's a common strategy, but one that could be silently eroding your earnings.

In this episode, I delve into how slashing prices, even by just 10%, can have a significant and sobering effect on a salon with a £100,000 turnover. But fret not, I'm not just here to highlight potential pitfalls; I've also prepared a practical cheat sheet for you. It's designed to help you critically examine your pricing strategies and to ensure the financial resilience and growth of your beloved salon.

As we journey through this episode, I provide you with a hands-on exercise to really get to grips with how discounting affects your bottom line. With a downloadable handout from our website, you can directly apply these insights to your salon's unique situation.

I'm always eager to hear your feedback and personal stories. They're the heartbeat of our podcast community. Plus, keep an ear out for upcoming content, which will include fresh tips and perhaps even special guests to add further value to our discussions.

So, whether you're on the beach, commuting, or between clients, tune in and let's dive into the world of profitable pricing and savvy salon financial strategies together. Your journey to salon success without reliance on discounts starts here!