As a small business owner, coming up with a pricing strategy can be a very difficult process.
This section covers many of the issues involved in price setting including how to work out your hourly rate, how to calculate a mark up and how to price your services. If your small business provides a service and hourly rates aren’t for you, we also look at alternative pricing strategies.
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Pricing strategies
There are a variety of methods for determining the price of your goods and services. To ensure you price right for maximum profit, let’s...
Pricing strategies
Whilst in the market for a new Thingy, I struggled to get a straight answer about cost. I mean, how hard can it be...
Pricing strategies
Price setting is tricky for new soloists to master. Do you charge on a project, daily or hourly basis? Do you base your pricing...
Pricing strategies
If you intend to charge using an hourly rate, it helps to know how much you are worth. Only then can you quote accurately...
Pricing strategies
Open-ended service contracts can leave clients feeling somewhat uneasy. How can they judge if they are getting value for money or that the price...
Pricing strategies
Those of us trying to move away from charging an hourly rate can suffer when clients expect more than initially agreed. So how can...
Pricing strategies
Understanding mark ups is one of the pricing strategies you will need to understand as a soloist. The points below may provide a useful...
Pricing strategies
Most independent professionals use hourly rates as a pricing strategy. Yet charging for your services this way can lead to mediocre business success.