Pricing Strategy in your business

• The Primary goal of business is to make a profit. Pricing is the critical element in achieving profits and is a factor that all the firms can control
• Examine your competitors in your market about their pricing strategy and regularly keep track on their pricing.
• Offers personalized services, Customize options and better support/service will enhance the quality of customers experience and they will return to the shop to buy the product and will even recommend to others
• Make a note of labor costs, transport expense, marketing, maintenance when planning the pricing of the product
• Compare your pricing strategy with your level of competitors
• Careful reflection on your costs, customers, services and competition will help you to develop the pricing strategy which ensures the success in business

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