What You Absolutely Cannot Afford to Forget When Pricing Your Products

Posted by PASjonathan under Products and Services
From http://articles.bplans.com 3800 days ago
Made Hot by: LimeWood on July 8, 2014 12:40 pm

Because there is no definitive guide to pricing, rather than create my own list, I believe you will get more out of considering what the price you choose will mean for you and your business, and how it will play a key role in terms of attracting your target audience.

Who Voted for this Story

Top BizSugar Users

This week's most active BizSugar users. Join Them!

Comments

Written by lyceum
3793 days ago

I agree with Tim Berry's idea of backing up your "high" price with value. That's why I am basing my pricing on the spot price for silver. My standard price is following the silver trend, i.e., the fluctuation of real money. This is a philosophical statement. You have to relate your price of dollars to some kind of standard. I am telling my potential customers a story in my post, SPONSOR AND SUPPORT EGO BLOG::

"As a "trader in matter & spirit," I am open to discuss different terms of exchange of values, i.e., delivery of service and payment. As a supporter of objective money, i.e., precious metals, my standard price is 1 kg / ~35.27 oz of silver (Ag) according to the buy rates at GoldMoney for a 1/2 working day (circa 4 hours, effective time). (EGO, February 1, 2009.)"

I now have my own online coin shop, so you could purchase silver and gold products, directly from a trusted source (International Silver Network)!

- 0 +