Selling Cost vs. Price: Find the Price Point That Covers Your Costs and Provides a Profit Margin

+8
I recently finished a keynote presentation for an industry that's getting hit hard by competitive pricing. Customers want the best price they can get, especially in a difficult economy. So what can you do to keep your price at a number that covers your cost and maintains your profit margin, without discounting? I have two options for you: Walk away from ... Full Story

Recently Popular Articles

  • +9

    10 Business Mistakes for Start-Ups to Avoid

    10 Business Mistakes for Start-Ups to Avoid
    Too many people jump into a business without thinking it through. Success involves analyzing, planning, and implementing strategies for the venture. In this article, you'll find ten mistakes often made by start-ups and tips to prevent the pitfalls. 1.Not enough research on the business. The idea is not feasible or the owner lacks important information. For businesses with a physical location: ...
    Rated: +9
  • +9

    Coming Up With A Killer Business Idea

    Coming Up With A Killer Business Idea
    Do What You Love Starting a business is a blood, sweat and tears endeavor that will consume the majority of your time. If you do not pursue what you love you will not be happy and your business will most likely fail. The key questions to ask when coming up with an idea are: What am I passionate about? - Love ...
    Rated: +9
  • +9

    12 Ways To Expand Your Marketplace

    12 Ways To Expand Your Marketplace
    When expanding your business, you should explore all the strategic alternatives available to you. Select the one that makes the most sense and then prepare a plan on how to implement that strategy. There are at least a dozen common strategies and a variety of strategic combinations or special situations to choose from. We present some of those alternatives below. Expansion ...
    Rated: +9
  • +8

    Selling Cost vs. Price: Find the Price Point That Covers Your Costs and Provides a Profit Margin

    Selling Cost vs. Price: Find the Price Point That Covers Your Costs and Provides a Profit Margin
    I recently finished a keynote presentation for an industry that's getting hit hard by competitive pricing. Customers want the best price they can get, especially in a difficult economy. So what can you do to keep your price at a number that covers your cost and maintains your profit margin, without discounting? I have two options for you: Walk away from ...
    Rated: +8
  • +8

    Successfully Transitioning from Corporate to Entrepreneur: Things I've learned along the way

    Successfully Transitioning from Corporate to Entrepreneur: Things I've learned along the way
    After 40 years of working for other people, in industry and in education, I decided it was time to go it myself. As an engineer, technical leader and executive, I had mentored and advised men and women throughout my career. I found this extremely rewarding but I wasn't sure whether I could truly develop my own consulting business. Now almost two ...
    Rated: +8

Submit Your Own Advice & Tips

Post a link to something interesting from another site, or submit your own original writing for the SmallBizLink community to read.

Write an Article