How do I set my product price?
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moise
Apprentice
Joined: 25 Jan 2007
Posts: 3
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 Posted: 04/21/08 - 09:05 Post subject: |
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| I am very much a baby in a business sense and I would like to get some help from people who are grown in this sense. How do I set my product price? My question is a simple as this one and I don’t know the answer to. I am afraid that I will set up my price too high. This will ruin me I am sure. |
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melvin
Apprentice
Joined: 09 May 2005
Posts: 4
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| Posted: 05/21/08 - 01:09 Post subject: |
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| This is not something that is being wrong and in some cases high prices can bring you profit that you didn’t imagine at all. You just need to make sure that you have the product that can be sold by the price that you put it out for. This is something that needs a lot of analysis and market share discussion as well. This may be too much for you at this pint, but believe me once you start doing the business you will feel at home in no time. This is exactly how I felt in my first months of being here. If there is something else you need to know, just ask. |
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