Low-paying Customers vs. High-paying Customers
When running a painting and decoration business, it's important to weigh the pros and cons of working with low-paying and high-paying customers. While it may be tempting to take on a larger number of low-paying jobs, it's often more beneficial to focus on a smaller number of high-paying customers. It ultimately depends on your personal preferences, but it's always best to have a set of criteria for the types of customers you want to work with to attract the right clients for your business.
Low-paying jobs may be easy to come by, but the deal sizes are typically smaller, which means you'll need many customers to reach your earning goals. Additionally, these customers may not be as loyal and may switch to your competitors for a small discount or other incentive. Sometimes, you may even encounter difficult customers who make the job not worth the effort.
On the other hand, working with high-paying customers allows you to offer a more personalised and customised service. You can focus on individual customer needs and may even secure deals in the six figures. By understanding your high-paying customers, you can create solutions that are more appealing and harder for them to leave. They are also less likely to switch due to the high investment they've made and their desire for professional service.
In summary, while low-paying customers may be easy to come by, it's generally more beneficial to focus on a smaller number of high-paying customers for your painting and decoration business.
Working with Low-Paying Clients
The Advantages of Working with Low-Paying Clients
The Disadvantages of Working with Low-Paying Clients:
Things to Consider:
- Be realistic about the earning potential of low-paying customers and how many you will need to achieve your goals.
- Consider whether the added pressure and expectations of high-paying customers are worth the potential for larger earnings and long-term relationships.
- Be prepared to handle fussy and less forgiving customers.
Working with High-Paying Clients:
The Advantages of Working with High-Paying Clients:
The Disadvantages of Working with High-Paying Clients:
Things to Consider:
- Ensure you have the skills and experience to deliver high-quality work that meets the expectations of discerning clients.
- Establish clear communication and expectations with the customer upfront to avoid misunderstandings.
- Weigh the potential for higher earnings and long-term relationships against the added pressure and demands that come with working with high-paying customers.
