Magazine for the professional nail industry.
Issue link: http://nailsmag.epubxp.com/i/753141
i n d u s t ry s tat i s t i c s DO YOU KNOW HOW MUCH IN PRODUCT COSTS IT ACTUALLY COSTS YOU TO DO A MANICURE? * 37% Yes 29% No 34% Kind of 2016-2017 THE BIG BOOK | NAILS MAGAZINE | 47 >>> WHAT KIND OF INCENTIVE DO YOU OFFER (IF YOU'RE THE SALON OWNER) OR RECEIVE (IF YOU'RE AN EMPLOYEE) FOR RETAILING? * I don't offer/receive incentive on retail sales 32% Commission on sales 25% This doesn't apply to me as I am a booth renter and sell products directly to my clients. 15% Discounts on salon services or retail products for myself 12% This doesn't apply to me as I am a booth renter and I do not retail products. 12% Points systems/awards 5% Bonus 5% (Respondents chose all that applied.) which best describes your compensation system? 55% of booth renters pay their rent weekly 40% of booth renters pay their rent monthly I own the salon, but I also do nails and keep what I make from services I personally do. 28% I am a booth renter; I pay rent to the salon and I keep all my service fees. 24% I own the salon and pay myself a salary. 17% I am an employee and I receive just a percentage of my service fees (no salary). 9% I am a booth renter, I pay a percentage of service fees to the salon as rent. 3% I am an employee and my compensation is based on the number of clients I serve or the amount of business I do (for example, I receive a higher commission if I bring in more clients). 2% I am an employee and I receive a salary plus a percentage of my service fees. 3% I am a student. 2% I am an employee and I receive a salary. 4% Other arrangement 8% Less than a year ago 25% 1 to 2 years ago 25% 2 to 3 years ago 9% 3 to 4 years ago 5% 4 to 5 years ago 5% Never 14% Have had a price decrease 2% I can't remember 7% Haven't been in business long enough to have a price increase 8% WHEN WAS THE LAST TIME YOU HAD A PRICE INCREASE (ON ANY SERVICES)? * average booth rental $371/month