Tag: pricing strategy

October 15, 2023 Off

Decoding Your Rate: A Gig Worker’s Guide to Pricing Success

By The Admiral Staff

This article provides a guide for gig workers on how to effectively set their rates. It emphasizes understanding industry standards, accurately calculating business costs (including taxes and overhead), and avoiding hourly rates in favor of project-based pricing. Key takeaways include regularly increasing rates as experience grows, not undervaluing work, aligning rates with personal needs and capacity, and staying motivated by seeking fulfilling and fairly compensated projects.

January 26, 2022 Off

Hot Dog High Stakes: The Warehouse War is On

By The Admiral Staff

Sam’s Club has initiated a “hot dog war” with Costco by lowering the price of its hot dog and soda combo from $1.50 to $1.38. This move is seen as a playful jab at Costco, which has maintained its $1.50 price since 1985 and fiercely defends it, famously with a memorable threat from its former CEO. Both warehouse clubs use the inexpensive combo as a “loss leader” to encourage shoppers to spend more time