Establishing a pricing strategy reflective of your value that clients agree is fair, is difficult. Here are three different pricing strategies to consider when establishing one for yourself or you company. First Things First: Pricing Strategy Considerations
Before establishing price points for either your goods or services, there are multiple factors that need to be considered:
Who is the target audience your product appeals to?
What are your production and distribution costs?
Who are your competitors and what are their pricing models?
What is the true value of your services? How much time or money can it save your clients or customers?
What is the True Value of Your Product or Service?
It’s helpful to evaluate what your product or services are truly worth. Begin by asking yourself a few questions:
Do you offer a more valuable experience than competitors?
Is there something you offer that others don’t?
What is unique about your business?
How many years have you been in the business?
Examine the value of your business and keep it in mind while exploring different pricing strategies. Check out this great webinar from Chris Lema with 7 tips for value-based pricing.
Most importantly,
Source: https://managewp.org/articles/14293/different-pricing-strategies-discover-what-works-for-you
source https://williechiu40.wordpress.com/2017/01/28/different-pricing-strategies-discover-what-works-for-you/
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