Pricing Strategy - How To Price Your Product - Don Crowther

How to price your product is one of the most important questions in business. This video is all about pricing strategy, helping you deal with the psychology of pricing, competitive pricing strategy, and how to price your product to make a profit.

Because the price you choose will be a huge indicator of the success of your entire business.

Ultimately, high profit margins give you safety. They enable you to put away reserves that protect you in business downturns. They enable you to be able to afford to advertise and promote, even when everyone around you is pulling back (the best time to advertise, by the way.)

But if you buy into the “let’s price it low so we’ll sell lots more” balderdash, you not only won’t sell more, but the sales you make will be at a low profit margin, so you’ll struggle with this issue forever, or at least until you increase your prices.

This video talks about pricing strategy, how to price your products and services, so you can have a solid profit margin, and be able to succeed in business.

This is Don Crowther, saying just go do this stuff!

Copyright 2022 Breakthrough Consulting, Inc. All rights reserved.

Key concepts: #PricingStrategy #HowToPriceYourProduct #PsychologyOfPricing #CompetitivePricing #ProfitMargin #WhatShouldYouCharge #PricingStrategies #DonCrowther

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#don_crowther #pricing_strategy #how_to_price_your_product #psychology_of_pricing #competitive_pricing #pricing_strategies #pricing_your_work #how_to_price_your_work #pricing #how_to_price #how_much_to_charge #how_to_price_your_services #price_your_work #what_to_charge #how_to_figure_out_pricing #how_much_should_you_charge #pricing_psychology #pricing_math #price_your_services #how_to_charge_clients #how_to_set_your_prices #how_to_set_price #pricing_methods #price_strategy

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