10 Questions to Ask When Pricing Your Product

 
 
 
 
 
 
 
 
I came across an interesting article on Entrepreneur.com regarding questions you should be asking yourself when pricing your offering. It has a really useful set of questions to consider, which are not necessarily thought of by most business owners.
It’s very easy to work ‘from the ground up’ to arrive at a cost plus margin based price for your products / services, but you could find you are missing out on the opportunity to generate a greater margin by adopting a more ‘value based’ approach.  The questions posed in the article will give you some food for thought and could help you adjust your pricing in some instances to reflect the real value you are providing to your clients.  You can read the article by clicking here.  Hope you find it useful.
If you would like to know more about this topic and how to adopt some of the value based techniques to your pricing, call me on 01664 840763 or 07712 305111.  You can also email me at phil.partington@psalesp.co.uk or fill out the Enquiry form on this website by clicking here.
And remember, if you’re in Lincolnshire, Derbyshire, Nottinghamshire, Leicestershire, Northamptonshire or Rutland and want some expert help to grow your sales faster, call me.  As an approved and registered GrowthAccelerator Growth Advisor, I can help – and the Government will fund the majority of the cost, assuming you qualify!
All the best.