How To Price Your Products
In this 5-minute small business class online, you will learn how to price the products in your small business.
Recommended Pre-Requisite Classes: None
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 how to price the products in your small business. You’ll hear about the importance of correctly pricing your products and how pricing impacts your bottom line. You’ll discover the lowest amount you can charge for a product…and the highest amount. You’ll learn how to accurately calculate your cost of goods (COG) for the products you sell and how to implement different pricing options and formulas. You’ll get tips for how you can compare your pricing to competitors’ pricing and how to differentiate yourself from the competition.
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Related ClassesHere are other small business classes that relate to How To Price Your Products:
•Intro To Pricing
•How To Choose Your Pricing Position
•How To Calculate Cost Of Goods (COG)
•10 Tips For Pricing Your Products
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.
•Find out what your competitors are charging for similar or identical products.
•Consider implementing a price increase (or decrease) on some or all of your products.