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How To Price Successfully

Business : Starting Up In Business

One recurring issue for any business is setting the right price.

This has always been, and no doubt always will be, an issue. The price needs to be high enough to take a profit and to make the product credible and valued, without being too over-inflated and deterring sales.

There are three key factors that you need to take into account when deciding on a price:

- what value will the customer put on the product

- what price do you need to charge to make a profit

- what do competitors charge for an equivalent product

By weighing all these up and honing over time, you should be able to come up with your optimum price

By: Job Expert

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