How To Price Your Product or Services for Maximum Profit? REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Close Slide – 1 How to price your product or services for maximum profit? Slide – 2 Did you know? Small variations in pricing can raise or lower revenue by 20-50%. Slide – 3 Your business will fail if it sells for less than cost, or if its gross profit margin is too low to cover the costs of the business. So, if you are planning to introduce a new product, or considering price change, here are the 5 key factors to consider for correctly pricing your product, & increasing profit your margins Slide – 4 Know Your Customers What role does pricing plays in your customers’ purchase decision such as are they driven by the cheapest price or by the value they receive? Slide – 5 Market Positioning – What is the market in which you want to sell you product or service – high or low end market or someway in the middle. Slide – 6 Competitors’ Pricing – What are the price your competitors are charging for their products? Or what customers are they attracting with their pricing? Slide – 7 Costs – Have you considered everything about the costs – fixed costs & variable costs involved with running your business? Slide – 8 So, how do you determine your pricing? Comment Below. CAPTION It is rightly said that “Pricing is the core aspect of your business.” After all, it has the power to determine:- Product acceptability by the customers Revenue/profitability from the product Future prospect of the product Nevertheless, it is one of the hardest things to figure out. If your price is too high, you will miss out on valuable sales. Whereas if your price is too low, you may miss out on profits and even hurt your brand reputation. Hence, it is essential to find the right pricing for your product or service The following are the key factors that goes into deciding the right pricing for your products and services.