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.

Cost: Free
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.

Description
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 Classes

Here 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

Next Steps

After 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.