What are some of the pros and cons that people have noticed when offering a cheap car wash on a certain day of the week?
Discounting price should be evaluated within the context of the
marketing plan.
For example, in Florida, I offered seniors $3.00 off regular price on Tuesday’s. The reason was the trade area had a high percentage of low, fixed income retired and Tuesday was my slowest day of the week.
A $2.00 wash may have some value in generating attention if the goal and objective is to build up a customer base as in acquiring a distressed property.
However, I would give it away for a week or two, as some owners do when launching a new wash, rather than $2.00.
$2.00 is a commodity price. To get there, an owner gives up precious goodwill that took considerable time, effort and investment to establish and grow.
This doesn’t make much sense to me.
If sales volumes, lack thereof, are at issue, there are many other methods besides deep discounting that an owner can use to extend market range.