Good Pricing Strategy. - Deepstash
Good Pricing Strategy.

Good Pricing Strategy.

Pricing strategy helps you determine the price point at which you can maximize profits on sales of your products or services. Factors to be considered includes:

Costs: Overheads, production and distribution.

Competitors: Offerings and positioning strategies.

Customer: Target customer profile.

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paulgoosen

I am on a personal journey to discover myself and to better understand my role in the universe. To live a good life and to be a good husband, parent and provider. Where possible share the knowledge that I collected.

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6 common pricing strategies for small businesses (part 1)

  • Cost-plus pricing: You make the product, add a fixed percentage on top of the costs, and sell it for the total.
  • Competitive pricing: It refers to using competitors’ pricing data as a benchmark and consciously pricing your products below theirs.

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