Daycare.com Forum Daycare Forum

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 09-25-2019, 10:18 AM
Msdunny's Avatar
Msdunny Msdunny is offline
Daycare.com Member
 
Join Date: Nov 2012
Posts: 446
Default Raising rates

I seem to have all the questions this week!

When you do a rate increase, by how much do you raise your rates at one time? I am considering $5 more per day, but i have 2 families who have increased their time with me over this past year, and I am considering $10 per day for them.

Normally I would just raise rates for new clients, but with my current group, I could have them for the next two years with no changes. The mom that has been asking for an extra hour here or there (i posted about her yesterday) told me that she is starting a new job and will need the extra hour more often. So I am thinking I would raise her rate more to accommodate for the extra time each week. Any thoughts? I am currently at $40/day, if that helps.
Reply With Quote
  #2  
Old 09-25-2019, 11:07 AM
Cat Herder's Avatar
Cat Herder Cat Herder is offline
Advanced Daycare.com Member
 
Join Date: Dec 2010
Posts: 13,750
Default

I would get a lot of push back and lose clients with a $25 per week increase.

My last increase was $10 per week. Everyone stayed. They all budget bills by a set amount per month, so saw it as a $40 increase.

Prior to that, I used to go up by $2 per week, annually, Jan. 1st. No one ever complained about that.
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them.
Reply With Quote
  #3  
Old 09-25-2019, 02:16 PM
Msdunny's Avatar
Msdunny Msdunny is offline
Daycare.com Member
 
Join Date: Nov 2012
Posts: 446
Default

Quote:
Originally Posted by Cat Herder View Post
I would get a lot of push back and lose clients with a $25 per week increase.

My last increase was $10 per week. Everyone stayed. They all budget bills by a set amount per month, so saw it as a $40 increase.

Prior to that, I used to go up by $2 per week, annually, Jan. 1st. No one ever complained about that.
Thanks! This was the kind of feedback I needed.
Reply With Quote
  #4  
Old 09-25-2019, 02:57 PM
rosieteddy's Avatar
rosieteddy rosieteddy is offline
Daycare.com Member
 
Join Date: Jan 2014
Location: Massachusetts
Posts: 1,273
Default

I would go up 20. a week.The cost of everything we buy has gone up.You need to remember a third of your pay goes to taxes. A coffee on the way to work costs close or more than that.Personally I wouldn't even bother with 2 dolllars a week.Twenty seems much more reasonable.Think about hours that's less than 50 cents an hour more right?I would give a notice with new rates home on Friday 27th.Take effect week of October 15th.I would spell out the point that it is less than 50 cents an hour raise.Good luck ,your worth it.
Reply With Quote
  #5  
Old 09-25-2019, 03:06 PM
Cat Herder's Avatar
Cat Herder Cat Herder is offline
Advanced Daycare.com Member
 
Join Date: Dec 2010
Posts: 13,750
Default

Quote:
Originally Posted by Msdunny View Post
Thanks! This was the kind of feedback I needed.
With new callers/clients, you can simply quote the new rate. It is only existing clients that I move slower with. Also, that was $2 per week, per child. Most of my clients are sibling groups.

When my rates were way too low when I moved, I ended up replacing all of my clients with new ones at the new rate over the summer. One by one. Sometimes that is all you can do.
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them.
Reply With Quote
Reply

Tags
raising rates, rate increase

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not 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
Email From FRAC Re: New Rates For Food Program :( Leigh Daycare Center and Family Home Forum 9 07-28-2017 03:37 AM
Raising Rates, Renewing Contracts Abigail Daycare Center and Family Home Forum 9 01-03-2014 01:18 PM
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
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 04:46 PM.



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