Is charging $50 per day too much for a licensed home daycare in Manitoba?

[Rachael]

I'd like to charge $150 a day, based on my degree, my proven track record as a day care provider, my experience, my references. However, unless I charge something in line with my competition, I won't have any income. LOL

Not being rude and I do understand the person who created this thread might have a wealth of education in child care and lots of experience but this is something I'm noticing around here too.

New Moms with no more than one or two children, who understandably are wanting to find a means to stay home. Seen three recently, who have their own child aged around 10 months who open a day care and charge WAY over the market rate. They think their babysitting of 10 years ago and their parenting experience of 10 months, is equal to an ECE because they also happen to have a decree in engineering. They set rates to reflect their own income needs and don't understand why the have no clients because the are operating out of a new build and all their child's toys which are being used for day care are new because the baby is.