Do not Undersell – How to Set Prices for Maximum Profit | Small business news; tips; networking

Posted by AngelBiz under Sales
From http://www.smallbizviewpoints.com 4254 days ago
Made Hot by: jamiesteinberg on April 5, 2013 2:54 am

How do you price your products and services? Here is an Infographic showing pricing techniques small businesses can deploy to maximize sales and profit.

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Comments

Written by AngelBiz
4253 days ago

Heather – I agree. The price is ultimately determined by the value of your product or service as perceived by your customer. Although it is not easy to find out how much the customer is willing to pay, as a business owner your goal is to price as much as he is willing to pay.

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Written by HeatherStone
4254 days ago

Hi Harry,

So true about the art and science of pricing and thanks for providing the infographic on the science part. I would add from experience that pricing takes a bit of tweaking over time and has much to do with the value a customer perceives in your product of service. That said, it's nice to have another way to look at the process.

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