Daycare.com Forum Daycare Management Software

Go Back   Daycare.com Forum > Parents and Guardians Forum

Parents and Guardians Forum Parents and Guardians should post and answer questions here.

Reply
 
Thread Tools Display Modes
  #1  
Old 12-08-2012, 01:11 PM
vaughn40's Avatar
vaughn40 vaughn40 is offline
New Daycare.com Member
 
Join Date: Nov 2012
Posts: 33
Default Should I Lower My Rates??

Business is super slow right now. I was wondering your opinion on lowering rates to attract clients. Also, do anyone give discounts to family members (like your sister etc) and how much if so.

Thanks
Reply With Quote
  #2  
Old 12-08-2012, 02:26 PM
Holiday Park's Avatar
Holiday Park Holiday Park is offline
New Daycare.com Member
 
Join Date: Oct 2012
Location: United States
Posts: 281
Default

There are typical times of the ywar where business is always going to be slow/busy . If I'm correct, this is just one of the bad times of the year . I personally wouldn't lower my rates unless for some reason your still having trouble during a busier time.
Reply With Quote
  #3  
Old 12-20-2012, 11:08 AM
clep's Avatar
clep clep is offline
Daycare.com Member
 
Join Date: Jul 2012
Location: Alberta, Canada
Posts: 206
Default

I wouldn't lower my rates but if I felt there was too much competition in the area, I would up the caliber of my program and offer things the others aren't.
Reply With Quote
  #4  
Old 12-20-2012, 04:47 PM
ashleyh's Avatar
ashleyh ashleyh is offline
New Daycare.com Member
 
Join Date: Dec 2012
Location: Northwest Iowa
Posts: 101
Default

I wouldn't. Generally this time of year slows down for a lot of different businesses. This is a great time to re-evaluate your program, update any policies or handbooks, etc.... Plus once businesses lower their rates it can be hard to raise them again. I would stick with what you have and just ride out the season.
Reply With Quote
  #5  
Old 12-28-2012, 11:11 PM
CozyHome's Avatar
CozyHome CozyHome is offline
New Daycare.com Member
 
Join Date: Dec 2012
Location: Ontario Canada
Posts: 83
Default

No, I would definitely not lower my rates once I was established with great clients as references. However, I started out with really low rates when my daycare was new to get started. Once I had some good clients signed on I raised my rates and they were happy with me so didn't have any problems with it. But I started out charging too low a rate.
Reply With Quote
  #6  
Old 12-29-2012, 08:10 AM
KEG123's Avatar
KEG123 KEG123 is offline
Where Children Grow
 
Join Date: Nov 2010
Location: Illinois
Posts: 1,254
Default

What I've been trying to do is just offer a sign on bonus type thing. I know some ladies have thought not to do it, but I really really need income to start coming in. I only care for 2 kids right now and 1 has her last day on friday. I will be screwed if I don't get a child in here asap. I was licensed Jan of 10 and didn't get any families in until May of 10. I can NOT wait that long.
Reply With Quote
  #7  
Old 12-30-2012, 09:26 PM
CozyHome's Avatar
CozyHome CozyHome is offline
New Daycare.com Member
 
Join Date: Dec 2012
Location: Ontario Canada
Posts: 83
Default

You will get a lot of judgement on some daycare websites but do what you have to do! Once you get started with great clients and you learn how to run the daycare with a great outside/indoor program, crafting, learning, getting the routine under control, the parents will love you.

I started out with all babies so the parents were sending all the food and my expenses were low because of it. Then when I started feeding the children when they were a little older I raised my rates. The parents saw the great crafts coming home, heard about the quality food they were served daily and our trips to parks, libraries, firehalls, etc. and realized I'm good at this. I wasn't shy about bragging about my great ideas and all of the fun we had. Also, I put the pics on my website which I highly recommend. The parents could see for themselves all the fun we had.

So whenever I raised my rates at my annual contract re-signing nobody ever complained. Sometimes it's worth it to suck up the loss in the first year to get a great reputation going. Good luck!
Reply With Quote
  #8  
Old 12-31-2012, 11:56 AM
allsmiles's Avatar
allsmiles allsmiles is offline
Daycare.com Member
 
Join Date: Nov 2012
Location: texas
Posts: 328
Default

Quote:
Originally Posted by CozyHome View Post
You will get a lot of judgement on some daycare websites but do what you have to do! Once you get started with great clients and you learn how to run the daycare with a great outside/indoor program, crafting, learning, getting the routine under control, the parents will love you.

I started out with all babies so the parents were sending all the food and my expenses were low because of it. Then when I started feeding the children when they were a little older I raised my rates. The parents saw the great crafts coming home, heard about the quality food they were served daily and our trips to parks, libraries, firehalls, etc. and realized I'm good at this. I wasn't shy about bragging about my great ideas and all of the fun we had. Also, I put the pics on my website which I highly recommend. The parents could see for themselves all the fun we had.

So whenever I raised my rates at my annual contract re-signing nobody ever complained. Sometimes it's worth it to suck up the loss in the first year to get a great reputation going. Good luck!
thats exactly what im hoping will happen for me come this august.. right now we are gonna bite the bullet with the low rates and build up our program
glad it really worked out for you!!!
Reply With Quote
  #9  
Old 12-31-2012, 04:48 PM
CozyHome's Avatar
CozyHome CozyHome is offline
New Daycare.com Member
 
Join Date: Dec 2012
Location: Ontario Canada
Posts: 83
Default

It really did work out for me and I wish you as much success LadyQ. My rates are $12 higher/day now than they were 5 years ago when I started out. I just raised them $2/day this year so for the past 3 years they were $10/day higher than the first 2 years. If you put your rates up slowly like that as you go and as you add clients and gain a good reputation in works. Get a great website in place with lots of pictures, by the way, that's the best way to sell your daycare and yourself before clients even meet you.
Reply With Quote
Reply

Tags
rate decrease, rates

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
I'm raising most of my rates. You guys think fair pricing? E Daycare Daycare Center and Family Home Forum 13 12-05-2012 02:27 PM
Hate Sitting On The Stress Ledge! Do I Lower My Rates? Kimberli Daycare Center and Family Home Forum 3 11-07-2012 02:55 PM
Lowering Rates? Should I? mysonsmom1 Daycare Center and Family Home Forum 4 10-10-2012 05:13 PM
Raising Rates? Soccermom Daycare Center and Family Home Forum 5 10-07-2012 03:48 PM
Is Anyone Out There Raising Their Rates This Year? Unregistered Daycare Center and Family Home Forum 7 11-09-2009 10:27 AM


All times are GMT -7. The time now is 01:38 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