Comments on: How to Calculate Salon Service Prices

By: Tina

Tina — Thu, 21 Feb 2019 18:20:36 +0000

In reply to Brooke Gooding. The Service Pricing Toolkit has been rendered virtually obsolete by the Salon Compensation and Pricing Megakit. It has far less features and functionality, so if you have employees, I highly recommend getting The Salon Compensation and Pricing Megakit and NOT the Service Pricing Toolkit. (I'm probably going to end up pulling that one off the store within the very near future.)

By: Brooke Gooding

Brooke Gooding — Thu, 21 Feb 2019 18:17:59 +0000

I am assuming when getting the The Salon Compensation and Pricing Megakit you are also getting the ‘service toolkit/ in that as well. Just wondering what the best option for me is. I need help with backbar/cost pricing and service pricing – on a commision pay!! Thanks a bunch

By: Beatriz Beckers

Beatriz Beckers — Thu, 27 Dec 2018 03:08:59 +0000

VERY INTERESTING

By: Tina

Tina — Tue, 17 Apr 2018 14:50:45 +0000

In reply to Heidi. Hi Heidi! I have a system that calculates it for you. Just put in your expenses and other preferences and it'll give you a number that will ensure profitability. There's also a few other tools in there to help protect your business. You can find it here.

By: Heidi

Heidi — Tue, 17 Apr 2018 02:50:05 +0000

I need to find out how much to charge my booth renter a month in nantucket ma.

By: Tina

Tina — Tue, 11 Apr 2017 13:02:46 +0000

In reply to Tori Lowry.

Hi Tori! I have tried for months to design a comprehensive, user-friendly version of my compensation spreadsheets, but there’s literally no way for me to simplify that information and I’m really terrified people will run those calculations wrong or interpret the data wrong and sink their businesses, lol. Instead, I recommend adjusting profit margins to offset the highest commission tier you plan on offering to ensure you’ll be charging enough to cover it. (Make it 35%–your compensation really shouldn’t exceed 35% of gross sales.) You can put those percentages for the state benefits in the state tax box–just add it to whatever the state employment tax is in Hawaii. 🙂

By: Tori Lowry

Tori Lowry — Mon, 10 Apr 2017 07:18:33 +0000

I’m looking to open a nail bar in Hawaii and this has been a great tool to help visualize all of the things I will need. I’ve read a bunch of your articles and I’m planning on going with the base hourly rate plus commission pay scale, however i’m not sure where that is entered in the tool kit. I have the hourly rate setup as $11/hr (its currently $9.25 but by 2018 they estimate $10.10 so i figured I would aim higher to account for future changes and not have to worry about increasing prices later). I was also thinking of a 20-35% commission based on experience, client base, etc. in the wage tab i entered the $11/hr rate but where does the commission percentage go? is it the labor profit margin in the overhead assessment tab? i understand this can get complicated with different tiers, but just to get an idea could i put the highest percentage rate?
Also I’m planning on paying full medical benefits, HR management, workers comp etc, and that comes to about 35% on top of the hourly wage. would I put that percentage in the federal or state tax box on the wage tab?

By: Tina

Tina — Sat, 28 Jan 2017 14:59:34 +0000

In reply to Cynthia Acosta. Thanks SO MUCH for mentioning this Cynthia! I'm fixing and updating the formulas now so the hours default to 0 when the date field is empty. In the meantime, set the holiday dates you're not closed during for a day you're normally closed and the holiday hours will read 0.

By: Cynthia Acosta

Cynthia Acosta — Sat, 28 Jan 2017 02:36:20 +0000

in the holiday section on the spreadsheet, I’m only closed three holidays….when i delete the dates, the hours section does not update to ‘0’…how do i update the holiday hours? thank you!!

By: Tina

Tina — Thu, 29 Dec 2016 14:42:26 +0000

In reply to jade. The denomination is dollar currency ($) but the denomination doesn't matter. It's just a symbol. The math is the same regardless of where you live.