Daycare.com Forum Kidacare by Minute Menu Force of Nature Disinfectant HiMama Childcare App

Go Back   Daycare.com Forum > Main Category > Daycare Center and Family Home Forum

Daycare Center and Family Home Forum Daycare Center and Family Home owners, Directors, Operators and Assistants should post and ask questions here.

Reply
 
Thread Tools Display Modes
  #1  
Old 11-04-2013, 12:41 PM
preschoolteacher's Avatar
preschoolteacher preschoolteacher is offline
Daycare.com Member
 
Join Date: Apr 2013
Location: Minnesota
Posts: 910
Default Kind Of Nervous... Raising My Prices After Only 1 Month Open

When I first opened, I offered parents a price break if they picked their kids up early. However, it's been a huge hassle to go through and figure out who gets credits for picking up early (since they pay in advance).

I also have one family who drops off earliest and picks up earliest. Their kid is here longer than any other kids, but since they get the price break for picking up early, they pay the least amount!!!?? Woops! Not great planning on my part. I saw it going differently in my head...

Anyhow, I now decided I'm going to do a flat rate regardless of pick-up and drop-off times. I'm also going to start charging for holidays starting in 2014. I am emailing the parents this afternoon. I'm a little nervous about raising rates so soon, but after my first month was over, I think I deserve more for what I'm doing. I have a huge waiting list (12 families) so I feel confident I could replace anyone who left, but I don't want to make anyone mad...
Reply With Quote
  #2  
Old 11-04-2013, 12:46 PM
Heidi's Avatar
Heidi Heidi is offline
Advanced Daycare.com Member
 
Join Date: Sep 2011
Location: Wisconsin
Posts: 6,857
Default

I am thinking about raising mine, too. I thought I was on the high end for our area (because I went by the surveys the CC&R does), and it turns out I'm low.
Reply With Quote
  #3  
Old 11-04-2013, 01:21 PM
preschoolteacher's Avatar
preschoolteacher preschoolteacher is offline
Daycare.com Member
 
Join Date: Apr 2013
Location: Minnesota
Posts: 910
Default

Same! I thought I had high prices. My licensor was actually the person to tell me otherwise.
Reply With Quote
  #4  
Old 11-04-2013, 01:22 PM
TwinKristi's Avatar
TwinKristi TwinKristi is offline
Family Childcare Provider
 
Join Date: Aug 2013
Location: California
Posts: 2,389
Default

When you have a waiting list and people willing and able to pay more than I think it's only reasonable that you adjust your structure. It's part of owning a business, not greed. There are situations you can't foresee when you offer certain things and someone paying less for more hours doesn't work for a profitable business.
If people are unhappy, at least you have plenty of people to fill the spots if needed!
Reply With Quote
  #5  
Old 11-04-2013, 01:39 PM
cheerfuldom's Avatar
cheerfuldom cheerfuldom is offline
Advanced Daycare.com Member
 
Join Date: Dec 2010
Posts: 7,415
Default

have you considered going to contracted hours?
Reply With Quote
  #6  
Old 11-04-2013, 01:46 PM
Tdhmom's Avatar
Tdhmom Tdhmom is offline
Daycare.com Member
 
Join Date: Jun 2013
Location: Missouri
Posts: 313
Default

I raised rates on a family after 2 weeks. I take 2 dck's to preschool everyday from 12:15-3:10...they drop off at 7:20 don't get picked up until 5. When I told dcm my rates, I didn't factor in her hours. I had her children 1 hour less everyday than my other family and she was paying almost half as much. It wasn't fair to anyone...especially me! These kids are hard! She found someone to take them on non school days to save some $. But school days I raised $4 each per child (twins).
Reply With Quote
  #7  
Old 11-04-2013, 03:09 PM
cara041083's Avatar
cara041083 cara041083 is offline
Daycare.com Member
 
Join Date: Aug 2013
Location: Kansas
Posts: 565
Default

GOOD FOR YOU! The same thing happened to me. When I first started, I tried part time, Only charging days in my care, and I only charged $80 a week! I had parents not pay me when there child was absent, I had parents changing days each week. It was a mess! not to mention I didn't make any money at all. Even to this day, I have 2 families that lost there jobs. They are expecting me to hold there spots but are refusing to pay me while I hold there spot. So like you. I sent out letters and told them I was raising prices, not doing day by day, told them I had a new contract with a handbook. The way I figure it, I can start fresh and actually make a living lol. I learned really quick that people will take as much as they can from you. I think we all make these mistakes when starting out.
Reply With Quote
  #8  
Old 11-04-2013, 07:40 PM
preschoolteacher's Avatar
preschoolteacher preschoolteacher is offline
Daycare.com Member
 
Join Date: Apr 2013
Location: Minnesota
Posts: 910
Default

Thanks... ugh, I got a "we'll have to talk about what we want to do" response from one family, and the other family I was actually worried about hasn't responded yet. The thing is, I'm not really raising prices... just no longer offering a discount. I also threw in some "free" vacation for families as well so I wasn't the only one getting it. I keep thinking about my wait list, and it's helping me feel less stressed and guilty...
Reply With Quote
  #9  
Old 11-05-2013, 07:03 AM
Heidi's Avatar
Heidi Heidi is offline
Advanced Daycare.com Member
 
Join Date: Sep 2011
Location: Wisconsin
Posts: 6,857
Default

Does anyone have a good letter about raising rates?

I only have 4-5 kids, since I have almost all under 2's. I am charging less than the centers in the area, and I think I should actually be in line or higher. I am also going to go fully to contracted hours vs. a weekly rate.
Reply With Quote
Reply

Tags
rate increase

Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Raising Prices? DCMomOf3 Daycare Center and Family Home Forum 4 07-30-2010 09:31 AM


All times are GMT -7. The time now is 11:22 AM.



Daycare.com         Find A Daycare         List Your Daycare         Toys & Products                 About Us

Daycare.com
Please read our Disclaimer before continuing.

Topics pertain mainly to the following States:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming