Once you start a business, how do you know how much to price your products for? If your product is priced too high, it won’t sell. If it’s priced too low, you’ll be swamped with orders, and have such a small profit margin, it wont even be worth the effort. Finding the balance is the trick.
What Goes Into Cost
Your price should:
Cover your costs Highlight the value you provide your customers Earn you a reasonable profit Be competitive
There is no such thing as the perfect price....