Proud Texan
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I know some of you probably have either a business degree or have at least taken some business courses. Then again, there are some us that are operating our business by the seat of our pants and learning as we go.
I was just curious as to how YOU go about setting and adjusting your rates. There are so many variables, of course. But, in general besides just looking at the rates of your competitors in your local market, what other factors should be considered.
We seem to be about in the middle of the range for our area and guest don't even seem to balk at what we're asking. We are thinking of raising our rates to accommodate all of the unforeseen expenses that seem to keep cropping up like breakage and extra cleaning. Thoughts? Advise?
I was just curious as to how YOU go about setting and adjusting your rates. There are so many variables, of course. But, in general besides just looking at the rates of your competitors in your local market, what other factors should be considered.
We seem to be about in the middle of the range for our area and guest don't even seem to balk at what we're asking. We are thinking of raising our rates to accommodate all of the unforeseen expenses that seem to keep cropping up like breakage and extra cleaning. Thoughts? Advise?