Questions

Pricing is an important part of any business and may be challenging particularly for services. It is always important to set competitive prices for goods and services. One way to price is to set a mark up on cost. That is to account for all your costs up to delivery of product / service and add a profit percentage. Average mark up will range from 10% - 30%. A second way to price is to compare with your competitors with similar product or services. With this method you need to be careful not to price below your costs. Also if your costs are higher than your competitor price, it's worth looking into your efficiencies and other areas of cost. In order to answer this question adequately and give you more value, it would be ideal to understand what you are selling and the structure of your business. I am available to assist if you require further details on pricing.


Answered 3 years ago

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