I own a leather cleaning business in S.W. British Columbia, which cleans & conditions tack, furniture, garments and auto upholstery. I am really good at this and have given my customers the “wow” factor.
I am satisfied with what I charge for all leather items except tack. As I horse owner, I fully appreciate how we struggle to support them. We will feed our horses first before we spend anything else horse-related. :yes:
However, neglected, weakened tack may result in unplanned dismounts should it fail. For the reason of horses being expensive and safety, I have kept my prices way down (to the point that I sometimes joke that it’s a public service to other horse owners.)
I work very hard on each piece of tack. With a western saddle, I like to spend 3 - 3 1/2 hours to clean & condition it. I want to keep that leather strong & stable. I condition in all its nooks & crannies. You know, places that aren’t seen at first glance but are no less important. Safety of it’s owner and her/his horse is too paramount to do a so-so job.
An example of my prices are:
Aussie & W. Saddles : $35 - add $10 if there’s a back cinch
Endurance & Eng. Saddles: $25 - add $5 if there’s leathers
Well, the other day I had an exceptionally moldy & dirty western saddle to clean. I usually charge an extra $5 to deal with mold but the customer was giving me about $260 dollars worth of cleaning to do. I waived the $5. Including the back cinch, it took close to 5 hours clean that saddle. I know that seems like a lot. I am thorough. I take care to apply extra conditioner at leather’s stress points. This means I made $9 per hour.
The pros of NOT raising my rates are
- I am doing my part to help with rider/horse safety.
I realize this somewhat compares to say, a boarding barn being reluctant to raise prices (overhead fluctuates) but they want to make it easy as possible to keep a horse. Sensible b.o.'s won’t operate at a loss. In the case of my business, my overhead is the same if the prices rise or not.
The CON of raising my rates are
- It may make a current or potential customer balk. Then if they don’t maintain their tack themselves, they compromise the stability of the leather. Of course, price increases eventually happen with businesses. Consequently, losing customers is a typical risk.
The pro of raising my rates are
- I could be paid what my services are worth.
I am not sure if the market would bear an increase.
So, COTH, some of you are small business owners; some in the horse industry. Should I leave my prices the same and call it a public service. Or is everyone doing a collective eye roll, “Ummm, HorseShine, it’s business. Raise your rates if you think you are underpaying yourself. As long as you give quality work, your integrity is half the battle.”
Should I raise my prices? If you think that is good business sense, how much would you raise each item. If it helps, no one has balked at what I charge.
TL;DR - Not sure if I should raise my prices for tack cleaning. If you think the price should go up, I would welcome suggestions on what should be charged for tack. What I currently charge is in about the 6th paragraph down in blue.