geeg said:
Good morning Mui,
Well London is a tourist centre too, but thank goodness the nail salons there do not rely on tourist trade for their business. It is hard when that is the case and as I said, I admire that you do so may things and take advantage of every opportuity to better both your and your collegues lifestyles.
However, making 50,000.00 a year would not even pay your rent or rates in London and you would be starving. I think 40 x 8 x 6 x 52 sounds allot more realistic to me. In fact if I worked in London, I would be charging even more, and I woud get it too.
I hope you have a lovely day and a good season when it starts.
Oh how true the rent and business rates for us here in central London are huge........
Our Rent for our shop is £30 000 per year and the rates are £14 000 a year..........
So work it out, it doesn't leave much for electricity, phone, stock and income tax, insurance and Accountant fees....................
Never mind any money for food, rent for our homes and the like........
So on this expenditure figure , prices are worked out............
They are worked out so that we can live and I charge the prices I charge not because I am greedy but because I need to eat and have clothes and pay my bills..............
I don't drive an expensive car, I dont have one...........
I don't buy designer clothes, I can't afford them
My last holiday was 4 years ago............
What I do have is a good business with regular Clients, I do not have a low season ....I do not rely on tourism to make my money.............
I re-invest my profits back in to my business and education.
I do not rely on tourist trade..............
I do the odd nail repair for tourists......
My clients are in the financial and legal profession and have an avarage income of £50 000 to the highest being £120 000............
Tourist that visit London use the West End Nail Salons..............and they charge even more then I do as their rent is even higher.............
Where as go to a little town or borough outside London and you will find that, the Technicians there can charge a lot less money as their rent and business rates are much lower.........But also their wages and income is much lower....
Mui you can't compare Thailand prices with UK prices.... Or even USA prices with UK prices.......our economie, our cost of living and expenditure is totaly different to your country.............
Our economie is governend by interest rates, Stock markets, Inport and Export figures and financial exchange rates, the futures market and so on.......and the chancellor of the exchequer........and the cost of living.........
In order to understand the way our country fully works, that includes pricing Nail services , you would have to live here full time............
But why worry what happens here in the UK ???? Be happy doing fab Nails in your Salon and let us UK Techs woryy what happens to us here in the UK.......
Lets hope we all have a very successful year and then I might even be able to afford a holiday to your beautiful land....................
Lets have some happy posts..........I love reading happy posts xxxxxx