Thursday, May 7, 2009

Value Priced Massages

My theory is that the pricing structure for massages is incorrect.  In terms of supply and demand, I think that the place where supply meets demand is at a lower price.   

First let's talk about the demand.  Raise your hand if you don't want a back massage right now. Enough said.  Demand is really high.  Obviously you'd have to pay for it and that's a different question, but I'll get to that in a minute.

Supply is the tricky part of this equation, and the key to this business idea. We'd have to find a way to get cheaper labor.  Licensed massage therapists would want to make as much money as possible, and are getting no lower than $40-60 an hour currently.  If they lower prices, they'd have to work harder to make the same amount of money.  I think they are missing it big time, so we'd have to find other therapists.

With unemployment rising, a job at $12 -$15 an hour could attract some applications.  Think about the person between jobs, or a high school student or college student.  They would love to have a job that would pay that kind of wage for a few hours at a time.

Certification might be an issue with this cheaper labor, but if we could skip the official certification and train them in a 2-day training session, I think it could work.

Then we get back to the question, "Would you pay for it?"  Would you pay $20-25 and hour for an unlicensed massage?  What about $10 for 20 minutes?

No comments:

Post a Comment