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.