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One of the first lessons I learned when I started my business is that setting prices, especially for a service business, is quite difficult, especially when you’re essentially charging for your ideas, backed mostly by your reputation.
When it comes to pricing, there are many important factors to consider, such as sales channels, cost of goods, and competitor pricing. But, just as important is how well you know your target audience and how much they value what you offer.
Here are five pricing strategies to keep in mind as you grow your business.
1. Understand Your …
By: contactedorgTitle: Pricing Strategies to Help Grow Your Small Business
Sourced From: contacted.org/pricing-strategies-to-help-grow-your-small-business/
Published Date: Wed, 17 Mar 2021 19:00:35 +0000
source https://contacted.org/pricing-strategies-to-help-grow-your-small-business/
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