Pricing is one of the most important decisions you make in your business and shouldn’t be taken lightly. Setting a price that’s too high or too low could affect sales, profitability and cash flow. We’ll share a winning formula with you that you can use to ensure your products and services are priced profitably.
·How to conduct industry and competitor research.
·How to calculate your true costs.
·What’s a fair profit margin?
·Pricing your products or services for profit.
·How to increase your profit margins without increasing your selling prices.
·Calculate your monthly and annual break-even sales.
Pricing your products and services effectively will help increase your bottom-line results.