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Pricing Predicament

Rates Circumstance
})();How can I figure out how much to charge for my product or service?What do you need to think about when you set the price for your service?}Name:Emailricing Predicament-->How can I figure out how much to charge for my product or service?Everyone has opinions about it but those underlying concerns areid I set the price so high that no one will buy?(Is the salary I asked for so outrageous that they will hire someone else)Did I give them such a low price that they question my value or did I leave money on the table?(Is the salary I asked for so low that they wonder if I know what is going on in my field?)This month I had three differentexperiencesthat involved pricing.First my mother showed me a pair of shoes that she got through Medicare.(She is a diabetic and evidently Medicare will pay for one pair of shoes a year.Because the doctor charged Medicare $500 for the shoes and she thought that was far too much money.)Next a friend told me most of hercolleagueswere telling her to charge more for her services.She was adamant in her stance that no one was worth what they were telling her to charge.In fact her colleagues were in the same business and commanding the fee they were recommending to her.Finally in the news once again one of the presidents of a large company here in the US (Exxon) was reported to have negotiated a huge retirement package.There is a lot of psychology inpricingalong with some mathematical computation.Sometimes people forget to think about the mathematical piece.Thecostof delivering theproduct or serviceincluding the time of the deliverer is important.If you do compute your actual costs you can then add a percentage on top (margin) to give you your profitems simple but now you�ll need to see what others are providing.If you are negotiating salary for a job,louboutin homme, you�ll want to know what others who do similar work get for that job.Price something way above what the competitors charge and you could price yourself out of business � maybe or maybe not.In my mother�s case maybe there is only one manufacturer of shoes for diabetics and each pair must be made individually to that person�s specifications?Price something way below what the competitor�s charge and it is possible you will be very busy.If you haven�t done the cost analysis,christian louboutin outlet,http://service.myeduol.com/forum.php?mod=viewthread&tid=137891, you may find yourself losing money though.Another possibility is that potential customers may question your value.In your sales pitch you will need to tell the potential buyer what makes your product so special.) If my friend doesn�t really believe that she is worth more than she�ll have a hard time convincing others that she is.Clearly Presidents of large corporations have no problem with their sales pitch and are really good at convincing boards of directors to pay them huge sums.�Whatever the market will bear� is often the philosophy you hear.It certainly must be the justification of the presidents and CEOs who get big salaries,Chaussures Louboutin,http://www.whsm.net.cn/bbs/thread-1089570-1-1.html, bonuses and pensions.In my opinion the answer lies somewhere between my friend who doesn�t think she is worth that much and the big company pay outs.That is a place where thebusiness ownergets what he/she is worth and the consumer gets the value he/she expects.For me there is also integrity involved in pricing not just what the market will bear.Write down a list of the benefits you offer to your customer (employer).Why would your customers choose you instead of your competitors?If your uniqueness is price alone,http://bbs.ejintuan.com/home/space.php?uid=15533&do=blog&id=684380,cheap red bottoms, you are on a slippery slope because there are always others ready to price below you.Related Articles Packaging Web Design: Pros and Cons Some Pros & Cons of Posting Your Pricing Pricing Your Products and Services for Ultimate Growth Free As In Shipping Business Coach or Executive Coach: These are the Top 7 Reasons Why You Need A Pricing Schedule Price The Direct Link to Your Bottom Line SEO Pricing � 3 Pricing Models to Choose for Web Promotion The Appropriate Site Would Make It Quick To Uncover Used Jetskis Sale I met a pricing genius It's All About Value On pricing power Putting Savvy Before Necessity by Jay Kubassek Are You Struggling With Your Pricing?Small Business Coach - Do Your Pricing Strategies Maximize Your Profits?How to Price Your Service to Sell Why Discounting is Hazardous to Your Business Learn How To Price Your Products & Services Value need not be the Transaction point The Price Is Right Hunter-Gatherers Weren't Acquisitive?
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