Setting the right price for your product or service can be challenging. If you set the right price, then you have a better chance of winning sales and making a reasonable profit. If you set the wrong price, you may not sell enough to make a profit or you may end up selling your products or services at a loss. This lesson will help you calculate a successful price for your products or services. Templates, tools and tips to download -
An Excel template to work out your fixed costs
- An Excel template to calculate your product prices
- An Excel template to calculate your service prices
-
A comparison of cost-plus pricing and value-based pricing
- An Excel template to calculate final price of a product distributed through resellers
What you will learn - How to calculate your costs and the break-even price for each product or service
- What pricing method is best for your business
- How to set and test a price
- Why regular price reviews are important
|