Hello and Welcome

This website is not like all of the others. Since 2001, we've posted 15420 different business opportunities and ideas, so you're sure to find something here to inspire you!

To subscribe, enter your email address below:

How to Make Money on Twitter with Ad.ly

Ad.ly, is a brand new Twitter advertising network that can make you money, even if you don’t have thousands of followers.

Read more...

Business Opportunities Weblog’s 8th Birthday

Dane Carlson and the Business Opportunities Weblog celebrates eight years of blogging about quality opportunities and business ideas.

Read more...

Determining a Plan for Setting Prices

Entrepreneur:

I know of at least three common methods for setting prices for a new business, or for a new product or service within an existing business:
  • Cost-based pricing: Set your price as a multiple of cost, or cost plus a determined amount. An example would be a book store selling each book for 150 percent of whatever amount the store paid for it. Another example is a clothing boutique selling items for twice what it paid to buy them.
  • Value-based pricing: Base your price on what your product and service is worth to the buyer. Computer software, for example, is often priced according to the time-savings and productivity gains, rather than the direct cost. Some would say airlines use a value basis to price the same flight differently for different travelers; they’re cheaper for budget-minded consumers who buy with a lot of advance notice, and more expensive for the business traveler who has to go somewhere today.
  • Market-based pricing: Let the market determine the price. This is the most common and most realistic pricing method for small and medium businesses. If everybody else charges $15 for a haircut, you charge $15 for a haircut, or some price related to $15 depending on your strategy. Maybe you want to be a low-cost provider, for example, so you charge less (which leads us to that very common pricing error).

via Bplans Blog.

Related Posts

Comments

Leave a Reply

Additional comments powered by BackType

« Previous Post

Next Post »