How to Determine Pricing for your Products and Coaching

Posted by kellymccausey under Products and Services
From http://www.nicoleonthenet.com 4072 days ago
Made Hot by: PMVirtual on March 3, 2013 5:25 am

How do successful solopreneurs determine their pricing model and what sort of struggles do they push through to charge what their worth? That's the question being answered here.

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Comments

Written by AngelBiz
4070 days ago

The first rule of Economics says that you should charge each customer as much as he is willing to pay for it. Obviously, this is easier said than done. There are certain rules you can use to determine the pricing.

- Do not set the price based on what competitors are charging.

- Do not start with low price. If you have to want to attract value customers, keep the price the same and distribute coupon.

- Do not compete on price, focus on value instead.

- The price of a product is in the eye of beholder (customer). Try to understand how much does the customer value your product and charge accordingly.

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Written by tiroberts
4072 days ago

Oooo, I can tell this going to be a great post, Kelly! :)

I can't wait until I have time to really dig into it. This is right on time for me because I've been going back in forth about pricing in regards to some products I'm in the process of creating.

Truly appreciate you sharing this with the community; thanks!

Ti

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Written by kellymccausey
4072 days ago

You WILL love it Ti :) I'm so glad that I'm getting head wrapped around my pricing issues, advice like this really helps.

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