My point in starting this thread is to make aware to all of us that these are indeed NOT good times in the economy of this nation.
The stock market is in a MAJOR bear market, and corporate America has been laying of millions of people in the last two years.
It may take another year or two before we start to see confidence in the stock market again.
Who knows how long it will take before the economy of THIS GREAT NATION gets back into the upswing.
The Federal Reserve, led by AG, really ruined the economy of this great nation. After 6 rate increases in a row, they (the Feds), finally destroyed the stock market that was red hot at that time.
Maybe they were justified in bringing down the market, but IMHO,
they went too far, and destroyed the economy of this geat nation..... the USA.
Just look at the facts.......corporations going chapter 11, the colapse of the stock market as we once knew it (1994-1997),
huge corporate layoffs......millions are affected, consumer confidence destroyed.....investor confidence, shipwrecked.
I hate to be the messenger of bad news.......but no one can deny the state of the economy that we are now in.
That being said......I would seriously suggest to ALL providers......this should be a time for you to consider reducing your rates. This reduction would be only a temporary action, and when things improve......you can re-adjust your rates accordingly.
As an example a girl who normally charges $300 for an hour of fun
could charge a temporary rate of $200 to $250 for the same service and time.
Providers, listen to what I have to say......most successful business people have always had the ability to play on the economy of the country at the time when they are in "business". When times are bad, they reduce their prices (to keep old and attract new customers). And when the economy improves, they adust their price structure accordingly.
So my sugesstion to all providers is this:
Reduce your rates......only on a temporary basis, unless you have noticed no decrease in your cliental (business). If you have business as usual, then you don't need to make any adjustment in your rate at this time.
But if you are seeing a decrease in your scheduling calender, and a reduction of appointments made.......then you should consider reducing your rates for the same service provided......even if it's only a temporay situation.
Always remember, we will not be in a bear markent forever!
OK there it is........comments anyone???
Let's have some feedback on this from both clients.....AND providers.
Capy
The stock market is in a MAJOR bear market, and corporate America has been laying of millions of people in the last two years.
It may take another year or two before we start to see confidence in the stock market again.
Who knows how long it will take before the economy of THIS GREAT NATION gets back into the upswing.
The Federal Reserve, led by AG, really ruined the economy of this great nation. After 6 rate increases in a row, they (the Feds), finally destroyed the stock market that was red hot at that time.
Maybe they were justified in bringing down the market, but IMHO,
they went too far, and destroyed the economy of this geat nation..... the USA.
Just look at the facts.......corporations going chapter 11, the colapse of the stock market as we once knew it (1994-1997),
huge corporate layoffs......millions are affected, consumer confidence destroyed.....investor confidence, shipwrecked.
I hate to be the messenger of bad news.......but no one can deny the state of the economy that we are now in.
That being said......I would seriously suggest to ALL providers......this should be a time for you to consider reducing your rates. This reduction would be only a temporary action, and when things improve......you can re-adjust your rates accordingly.
As an example a girl who normally charges $300 for an hour of fun
could charge a temporary rate of $200 to $250 for the same service and time.
Providers, listen to what I have to say......most successful business people have always had the ability to play on the economy of the country at the time when they are in "business". When times are bad, they reduce their prices (to keep old and attract new customers). And when the economy improves, they adust their price structure accordingly.
So my sugesstion to all providers is this:
Reduce your rates......only on a temporary basis, unless you have noticed no decrease in your cliental (business). If you have business as usual, then you don't need to make any adjustment in your rate at this time.
But if you are seeing a decrease in your scheduling calender, and a reduction of appointments made.......then you should consider reducing your rates for the same service provided......even if it's only a temporay situation.
Always remember, we will not be in a bear markent forever!
OK there it is........comments anyone???
Let's have some feedback on this from both clients.....AND providers.
Capy