Your Pricing Sucks! 5 Pricing Methods That Work

The Rental Boyz | An Equipment & Party Rentals Business Podcast

Access to The Ultimate Checklist: 👉 ( https://therentalboyz.com/download ) Let us help you 3x Your Party Rental Business: 👉 ( https://therentalboyz.com/get-more-leads ) Let's Us Help You Grow or Start Your Rental Business: 👉 ( https://bit.ly/CalendarRBpod ) Get a copy of our contract here: 👉 (https://the-rental-boyz.ck.page/products/rental-contract) Where we get our tents? 👉 ( https://bit.ly/CelinaTentYT ) 🎧Join Xavier Kelly and Eduardo Sauceda as they dive into the intricate world of pricing items in the rental business. In this enlightening discussion, they share valuable insights, strategies, and best practices for setting competitive yet profitable prices for rental items. Gain a deeper understanding of pricing dynamics, market trends, and customer value perception to optimize your pricing strategy and drive business success. Whether you're a seasoned professional or new to the industry, this discussion provides crucial advice for optimizing earnings and preserving market share in the rental business.🎧 ————————————————————————- 👇🤩 Products And Services We Love 🤩👇: Create your free rental store: 👉 ( https://bit.ly/RentleRB ) Get A Free Business Insurance Quote: 👉 ( https://bit.ly/NextInsRB ) Get $40 for banking with Novo Business Banking: 👉 ( https://bit.ly/NovoRBpod ) Get $100 for running your payroll with Gusto: 👉 ( https://bit.ly/GustoRBpod ) Get a LLC for Free 👉 ( https://bit.ly/LLC-RB ) Join this channel to get access to perks: https://www.youtube.com/channel/UCZ3n8jcst_nsI_bw4n0Kd8w/join ————————————————————————— 👇🧐 About The Host 🧐👇: The hosts pull from their extensive experience of running an event rental business for over 3 years since 2019 and over 10 year of experience in the event industry. The rental business they run is called Kelly Rentals which grosses more then $2.75 millions (2022) in revenue a year. They Have 4 locations across two metroplex's in Texas (The Greater Austin and Dallas-Fort Worth Area). They also consult with over 10 other event rental company around the country. ————————————————————————— 👇🤩 Follow Us 🤩👇: Support The Podcast: 👉 ( https://bit.ly/RBP-SupportUS ) Instagram: 👉 ( https://bit.ly/RBZinsta ) TikTok: 👉 ( https://bit.ly/RBP-TikTok ) YouTube: 👉 ( https://bit.ly/RBP-YouTube ) Eddie Sauceda: 👉 ( https://www.linkedin.com/in/eduardo-sauceda-7255a5244 ) Xavier Kelly: 👉 ( https://xavierkelly.com/ ) ————————————————————————— Send us a message: 📧 [e-mail] Send us a voice message: 👉 ( https://bit.ly/RBVoiceMessage ) Please provide your name, phone number, email address, and website. Note that this information will not be publicly posted. We look forward to hearing from you. ————————————————————————— 00:00 Introduction - Why you should watch to the end00:32 Competitive pricing 01:02 Our process on checking prices02:34 How price affects other markets03:13 How The Ultimate Checklist can help your business04:05 Percentage payback4:30 How it works?06:51 What is life span pricing?07:33 How to compute for life span pricing08:33 Items that easily gets damage09:42 Importance of having a contract10:23 Let US help you run your Ads!10:53 Service based items12:23 Determine what your service cost is14:18 Value-based pricing15:05 Factors to consider when establishing pricing18:26 Go LLC with ZenBusiness – your business, simplified.18:47 Mixed pricing approach 20:24 Our personal preferences in pricing methods20:40 The Rental Rundown