From Chaotic Hard Work to Calm Confidence and Increased Profits Emily Anderson owner of Plazmart…
Knowing how to correctly price your products is a key part of your business success.
The trick is to price them at a point that is profitable for you both now, and at a later stage in your business. If you have got a small/micro business without staff, the price point you have now might not be sustainable once you grow.
So you need to know how to correctly price your products, taking into account business expenses, potential wholesale or distributor margins, factoring in true costs, and of course your time and energy.
This video shows you how to correctly price your products.
The video is shot but helps you work through how to correctly price your products (or services) so that you are profitable.
One of the key issues in growing a business is ensuring the price is set correctly. New or young businesses often struggle to place the correct amount of info on what they are selling as they are often using their own bias in what they’d pay for instead of what their target market would pay.
Watch my video to learn what the other parts are, and use it to help work out your pricing structure. Just remember to add on a profit margin to whatever number you come up with at the end!
If you know you need some help from us to work this out, please get in touch. We’d love to help you get it right for your market.