Business-ish question
09-21-2010, 01:08 PM
#51
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09-21-2010, 03:05 PM
#52
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The chase thing sounds promising. They'll give you 100 bucks for opening an account too.
Eating the 3% though it sucks is the right thing to do. Here's why, I'd rather get a detail from someone who accepts plastic than cash/check only as I rarely have cash/check on me.
Giving a cash discount of 3% is a good idea too, don't accept checks and do what mxt77 said about raising prices 3% if you can.
Eating the 3% though it sucks is the right thing to do. Here's why, I'd rather get a detail from someone who accepts plastic than cash/check only as I rarely have cash/check on me.
Giving a cash discount of 3% is a good idea too, don't accept checks and do what mxt77 said about raising prices 3% if you can.
09-21-2010, 04:03 PM
#53
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Originally Posted by The Gasman,Sep 21 2010, 04:05 PM
The chase thing sounds promising. They'll give you 100 bucks for opening an account too.
Eating the 3% though it sucks is the right thing to do. Here's why, I'd rather get a detail from someone who accepts plastic than cash/check only as I rarely have cash/check on me.
Giving a cash discount of 3% is a good idea too, don't accept checks and do what mxt77 said about raising prices 3% if you can.
Eating the 3% though it sucks is the right thing to do. Here's why, I'd rather get a detail from someone who accepts plastic than cash/check only as I rarely have cash/check on me.
Giving a cash discount of 3% is a good idea too, don't accept checks and do what mxt77 said about raising prices 3% if you can.
I'll just order the square, and eat the costs. I don't give cash discounts because I report it all the same. I'm legit
09-21-2010, 08:34 PM
#54
Originally Posted by espelirS2K,Sep 16 2010, 05:56 PM
For my business, I only accept checks and cash. I haven't done credit cards because I don't want to deal with the hassle of merchant accounts and fees and everything associated with it.
A lot of Asian restaurants around here only take cash to avoid CC fees, but most of all, to avoid taxes (but they still charge sales tax though).
09-21-2010, 10:01 PM
#55
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Originally Posted by espelirS2K,Sep 21 2010, 12:04 PM
Dave, thanks for the insight.
I was talking with a client who was VERY willing to pay my for my services, no questions asked about price. So I brought this discussion up to him, and he immediately got defensive when I said I didn't want to have to pay the 3%. He said "but the flip side is that, it's only 3%... so YOU should eat the cost, not he client" even with my argument that I'm giving them a convenience item.
Opened my eyes a bit. I wish I could charge clients for it, because for something as small, niche, and specialized as what I do, I don't feel I should have to pay for their convenience item. But there again, I wouldn't want to pay at a restaurant, or whatever, for that fee
I was talking with a client who was VERY willing to pay my for my services, no questions asked about price. So I brought this discussion up to him, and he immediately got defensive when I said I didn't want to have to pay the 3%. He said "but the flip side is that, it's only 3%... so YOU should eat the cost, not he client" even with my argument that I'm giving them a convenience item.
Opened my eyes a bit. I wish I could charge clients for it, because for something as small, niche, and specialized as what I do, I don't feel I should have to pay for their convenience item. But there again, I wouldn't want to pay at a restaurant, or whatever, for that fee
1)Would he still be your client if you didn't take CC?
If yes, great. If not, is it worth losing the client/deal for 3%? Hell, raise your prices 1.5% and split the cost.
09-21-2010, 10:02 PM
#56
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Originally Posted by Voodoo_S2K,Sep 21 2010, 12:13 PM
Maybe your client is of the opinion he is doing you the favor bring his business to you and not that it is a two way relationship?
When it comes to business/client IT IS ALWAYS A ONE WAY STREET. The client is DOING YOU A FAVOR by being your client. YOU are not doing THEM a favor in providing a service.
09-21-2010, 10:04 PM
#57
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Dude, honestly, if you really want to get it done right, do this....
Raise your prices across the board by 6 or even 10%. Then, when the client starts to negotiate (or even you can initiate) drop it back down to offset that 3%.....this way, the client feels like they got a deal, and you got your money.
Raise your prices across the board by 6 or even 10%. Then, when the client starts to negotiate (or even you can initiate) drop it back down to offset that 3%.....this way, the client feels like they got a deal, and you got your money.
09-22-2010, 06:12 AM
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Originally Posted by NFRs2000NYC,Sep 21 2010, 11:02 PM
Business fail 101.
When it comes to business/client IT IS ALWAYS A ONE WAY STREET. The client is DOING YOU A FAVOR by being your client. YOU are not doing THEM a favor in providing a service.
When it comes to business/client IT IS ALWAYS A ONE WAY STREET. The client is DOING YOU A FAVOR by being your client. YOU are not doing THEM a favor in providing a service.
09-22-2010, 06:14 AM
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Originally Posted by NFRs2000NYC,Sep 21 2010, 11:04 PM
Dude, honestly, if you really want to get it done right, do this....
Raise your prices across the board by 6 or even 10%. Then, when the client starts to negotiate (or even you can initiate) drop it back down to offset that 3%.....this way, the client feels like they got a deal, and you got your money.
Raise your prices across the board by 6 or even 10%. Then, when the client starts to negotiate (or even you can initiate) drop it back down to offset that 3%.....this way, the client feels like they got a deal, and you got your money.
09-22-2010, 07:08 AM
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Originally Posted by Voodoo_S2K,Sep 22 2010, 07:14 AM
Yes because he doesn't have a shit load of competitors that offer a similar product for a similar price.
The fact of the matter is, I can't raise prices right now. My prices are as high as they can go. Yes, I've done "market tests" and my pricing is about as high as it can get. If I raise my prices, I'm competing with one of the most well known... businesses... in my area. And at that point, most clients would just assume go to them because they're more established.
No, i would NOT lose clients over not accepting credit cards. But I don't want to accept checks because this is becoming BS. I want to offer credit cards because I want to be of more convenience... set myself apart from other people who may not be as legitimate as me.
So, in short, I will be getting the square, and might report back how it goes. As long as the childish bickering stays away.
This thread has run its course. Thanks to everyone for their help and insight.
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