10 Tips For Pricing Your Products
In this 5-minute small business class online, you will learn 10 tips for pricing the products in your small business.
Recommended Pre-Requisite Classes: How To Price Your Products
Instructor: Jennifer Croft
Please note: You may have to raise the volume on your computer or phone to be able to clearly hear the video.
In this 5-minute online class, you’ll learn 10 tips for pricing the products in your small business. You’ll find out how cost of goods (COG) impacts pricing and what to do if your cost of goods rises. You’ll get tips for how to bundle and unbundle products, in order to give you the best chance of making a sale. You’ll discover how to use “just under a threshold” pricing to your advantage, and how to price products in unique ways that appeal to customers and clients. You’ll get tips for comparing your pricing to your competitors’ pricing and how to differentiate yourself from the competition. You’ll learn how to increase your sales volume through the strategic use of special offers and discounts, and how to create “pricing profit centers” within your business.
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Related ClassesHere are other small business classes online that relate to 10 Tips For Pricing Your Products:
•Intro To Pricing
•How To Price Your Products
•How To Calculate Cost Of Goods (COG)
WorksheetsThe following small business worksheets will be helpful for you to use:
•Cost of Goods (COG) Forecast – 1 year
•Price vs Quality/Service
•Pricing For Your Top 5 Products
Next StepsAfter taking this class, here are some good next steps you can take:
•Make a list of the current prices for your top-selling products.
•Calculate the cost of goods for your top-selling products.
•Look at bundling or unbundling your products.
•Check out your competitors’ pricing.
•Explore discounts you could offer to boost your sales volume
•Explore profit centers you could add to increase your profitability
•Consider implementing a price increase (or decrease) on some or all of your services.