How to set up the price for product or services?
Higher paying customer resembles. Why? Simple, they have money, and they are not afraid to spend it on the thing they want to. They know that time is valuable, they don`t waste it.
When you create a price for your product or services, then:
1. Offer the value!
2. Saves precious time for your client!
3. Focuses on high-level activities that yield the lasting result for them.!
In another hand have on mind this before setting a price for product or services:
You must know the costs of running your business. If the price for your product or service doesn’t cover costs, your cash flow will be cumulatively negative, you’ll exhaust your financial resources, and your business will ultimately fail.
The little calculation of cost is one of the main reason why startups fail.
You must determine how much it costs to run your business, in that cost add to profit in your calculation of costs. Treat profit as a fixed cost, why?
Simple, none of us is in business to break even.
Put three scenarios of your financial:
– the worst,
– the real and
– the best.
Your start-up based of as much as possible real costs.