Are Your Prices Too Low?

Posted by Nellie Akalp under Startups
From http://smallbusiness.foxbusiness.com 3862 days ago
Made Hot by: SimplySmallBiz on May 4, 2014 11:44 pm

Are the prices at your business too low? Nellie Akalp, CEO of CorpNet.com, shares how raising your prices may actually bring in more customers in this post on Fox Small Business!

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Comments

Written by lyceum
3858 days ago

Nellie:

It is interesting that you bring up the price of gold and silver and consultation fees. I have combined the silver price with my current consultation fee. I say that my standard price is 1 kilo (1000 gr.) of silver for a half day (4 hours effective time) workshop. If the price of silver will go down, my fee will go down. I want to make a philosophical point about true meaning of value and how to set an objective price.

"A jewelry designer’s business is tied to the price of gold and silver. Costs for a consultant also rise, such as gas/travel, health insurance, contractors’ compensation, etc. All these rising costs need to be factored into your current pricing."

I like your suggestion of tiered packages. I think we will provide different packages and add-on services in our new company that I told you about on Twitter.

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