Have you ever been pressured to lower your prices in order to book a job?
Today, a floralpreneur® in my Facebook group shared that a client slashed her prices in half and re-sent the new pricing back to the florist!…..needless to say, the comments on that one made for some good reading!
As a business owner and floral artist, it’s important to recognize that you don’t want every customer. You want the customers that want YOU…and are willing to pay your for your work!
Business guru and genius marketer, Seth Godin, talks about Competing On Price as a “race to the bottom”. As Mr. Godin puts it, what do you do when you win?…ie. when you’ve succeeded and you’re “at the bottom”!
The idea of “winning” based on undercutting, is a misconception. You cannot “win” if the only reason someone picked you is because you’re cheap-er.
The real reason you don’t want to compete on price….
A florist cannot lower prices and exceed expectations at the same time!….not unless you’re giving up your profit margin.
And if you’re going to sustain your business, you must respect your profit margin.
I don’t want to win at the game of “cheapness”.
I want to win at the game of quality work and amazing customer service.
Click to watch this quick video, “Why you cannot compete on price”:
What is your goal?…
Do you want to be the cheapest?
Or do you want to be better than the cheapest?
I hope you’ll choose option #2 above!
Don’t compete on price!…so you can keep doing beautiful work!
With love from me to you,
Alison
P.S. In today’s video I mention my Flower Math course, which is designed to help florists price with confidence and maximize profit margins! (click here for details on the course!)
More FREE Tips from the Blog:
You down with O.P.P? (Other People’s Proposals) Click HERE to read.
How much should florists charge for rentals? Click HERE to read.