Your pricing system defines how profitable your business will be; it’s a major component of any business. Price is the value you put to a product or service and is the result of a complex set of calculations. Your price system takes into account your area or demographics, market, and profit margins — there a few strategies to consider when developing your pricing systems. You can set premium prices, have economy pricing, psychology pricing or bundle pricing.
In this course we will cover:
- Establishing base prices
- Creating an a la carte pricing system
- Bundling service for an increased cost per client
- Increasing prices – Why, When and How