Self-Serve: What Price Is Right??

The Laundromat Millionaire Show with Dave Menz

Dave is famous for saying, "You need to raise your prices!", but do you? If so, by how much and how do you do it without chasing off too many customers?? Learn this & more as Dave & Carla Menz discuss the answers to these questions and help you determine the value proposition and pricing strategy that best fits your self-serve laundromat.Referenced Links: •Dave’s Coaching: www.laundromatmillionaire.com/coaching•H-M Company Drain Troughs: https://draintroughs.com•Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”oContact Mike directly: [e-mail] Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryOur Story: https://youtu.be/NpvRxaWmWaY and https://youtu.be/O-ctFcOIEcsOur Coaching, Courses & Workshops: https://laundromatmillionaire/home/coachingSeinfeld video clip: https://www.youtube.com/watch?v=E3xwFanvTjAOur Free Resources: https://laundromatmillionaire/resourcesAquawing/SanOWash: http://www.aquawingozone.com/products/sano3wash.html“Fancy Like” by Walker Hayes clip: https://www.youtube.com/watch?v=G_zuB-ogIBwCLA’s Wash Dry Fold Workshop: www.coinlaundry.org/wdf2022/Timestamps00:00 Laundromat Millionaire Intro01:50 Self-Serve Pricing – Why You Need to Raise Your Prices05:10 Your Value Proposition vs Competitors in Your Submarket08:04 Your Value Proposition vs the Industry09:48 What If Competitor Is Under-Priced?12:57 How to Determine Your Value Proposition16:14 The 2 Parts of Your Business18:30 What Is Your Business Model and Who Is Your Avatar?19:09 The 3 Basic Business Models28:46 Is Your Ideal Avatar In Your Submarket?30:48 Less Customers Might Be A Good Thing!32:15 Who We Serve Through Our Self-Serve Laundromat34:31 How We Price Our Washers and Dryers38:03 Vending Pricing38:35 How to Raise Prices Without Scaring Off CustomersLearn more about your ad choices. Visit megaphone.fm/adchoices