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Economic impact on pricing?

Discussion in 'Business Fundamentals' started by Mick, Jun 15, 2003.

  1. Mick

    Mick PlowSite.com Veteran
    from Maine
    Messages: 5,546

    There is quite a bit of speculation that our economy will experience a period of "deflation" - generally falling prices. This is currently mostly in manufacturing (rebates on trucks is an example of this) which is affected by overseas competition but can spread to services such a snowplowing. My question is - Has anyone experienced lower prices in any areas (equipment, supplies etc) and would this play a part in setting prices for the upcoming season? Will anyone be pricing jobs lower this year than in the past?
  2. Lawn Lad

    Lawn Lad Senior Member
    Messages: 407

    I'm not looking to really raise prices that much, but then again, I'm trying to gain market share. I guess it would depend on what one was trying to do with their business.
  3. Pelican

    Pelican 2000 Club Member
    Messages: 2,075

    So far, what's up far outwieghs what's lower. Fuel prices, equipment, INSURANCE!, TAXES!! and wages are all up, I can't think of anything significant that's lower in my business.

    I'll review pricing a bit closer to the season, but I don't expect to lower prices.
  4. BRL

    BRL PlowSite.com - Veteran
    Messages: 1,277

    Ditto Pelican! I have seen some price decreases in landscape materials from that end of the biz. Haven't seen anything that pertains to my snowplowing side of the biz come down.
  5. wyldman

    wyldman Member
    Messages: 3,265

    Costs going up and up and up,no way are we dropping prices.That happened years ago around here with salting,and we have never been able to get prices back up to where they should be.
  6. JCurtis

    JCurtis Banned
    Messages: 862

    I've tried to maintain a stable pricing structure for the last few years

    But thats all changing now....

    Insurance is up,

    Gas is Up

    My property taxes just went up almost 10%


    and John Q. Public expects me to plow for nothing!!!!

    NO WAY JOSE!!! :nono: :nono: :nono:

    I am raising my prices to circumvent the recent upward spiral of my cost to do business.