How much should you pay for your professional products?

In a world of many many expenses, how do we know what amount is too much when we are purchasing our chemicals and backbar products?

• Is it 20%?  30%?  50%?
• How can one really "tell" how much is too much?
• Sometimes you just have to trust the advice of the higher ups in the business world!

I had a really good consultant/coach who helped me through all of this "number" stuff. I continue to seek counsel on issues such as budgeting, marketing, hiring, etc. 

It's imperative that you know your numbers! So what's the answer to the question?

• 5%  That's it! 5% is your budget for all of your backbar and chemicals for your services.

How is this calculated?....SIMPLE!

• Add all of your entire sales up from the point of your last product order, and multiply it by .05.
• Total service sales X .05= Your budget for all supplies to get your clients DONE!

What if you can't get everything you need in 5% or less?

• Well, are you REALLY watching what you order? Can you cut your buying at all?
• If not, you may need to RAISE YOUR PRICES to get your 5% budget in line!

NEED HELP RAISING YOUR PRICES? You need to watch my business course (Instant Salon Sucess) that will walk you through EXACTLY how to EASILY do that! -Watch it again if you have already seen it!!!!