There’s a very simple pricing strategy I like. Wether you’re selling a physical product, a digital product or a service — it’s price is related to three different factors. There’s the cost which basically is how much it’ll cost to produce or what your lowest hourly rate would be. If you price your product below the cost, you’re eventually run out of business (unless you have other super products to balance it up).
Cost, pricing and perceived value
Cost, pricing and perceived value
Cost, pricing and perceived value
There’s a very simple pricing strategy I like. Wether you’re selling a physical product, a digital product or a service — it’s price is related to three different factors. There’s the cost which basically is how much it’ll cost to produce or what your lowest hourly rate would be. If you price your product below the cost, you’re eventually run out of business (unless you have other super products to balance it up).
Comments on this post are for paid subscribers