6 Ways to Price Your Business Goods !!!
Pricing plays one of the most important roll in your business. Because if your product is not correctly priced than customers will not buy your product, which leads to decrease in business sales and to an extent the business may fail.

Than, what is the right way of pricing your product ??
Well,
Well,
"There are six ways that you can charge price on your product."

1.Cost Plus Pricing.
These pricing strategy is a common way of pricing your product , where you need to calculate the cost of producing per product and than charging a price above the cost to generate income for your business.

These pricing strategy is a common way of pricing your product , where you need to calculate the cost of producing per product and than charging a price above the cost to generate income for your business.

2. Price Skimming.
These is where a business launches a unique product and charge a very high price for a limited period of time . There aim is to generate high levels of income with a new product before the competitors arrive.
These is where a business launches a unique product and charge a very high price for a limited period of time . There aim is to generate high levels of income with a new product before the competitors arrive.

3. Penetration Pricing.
These occurs when a business will charge a low price for limited period of time to attract as much as customers and on a believe that customers will still buy it when the price rises once the customers have tested the product.

These occurs when a business will charge a low price for limited period of time to attract as much as customers and on a believe that customers will still buy it when the price rises once the customers have tested the product.

4. Predatory Pricing.
Predatory or also known as destroyer pricing destroyer pricing involves lowering the price of goods below the cost price . The main intention for these is to drive competitors away from the market. And once the competitors are out of the market the price will be increased to cover the loss.
Predatory or also known as destroyer pricing destroyer pricing involves lowering the price of goods below the cost price . The main intention for these is to drive competitors away from the market. And once the competitors are out of the market the price will be increased to cover the loss.

5. Competitive Pricing.
These is one of the most common method of pricing which involves charging the same price as competitors.The main reason for charging these price is to avoid any kind of competition related to price.
These is one of the most common method of pricing which involves charging the same price as competitors.The main reason for charging these price is to avoid any kind of competition related to price.

6. Phychological Pricing.
These pricing strategy takes place when the price of a product is slightly below a round figure . For example: a business charging 99tk instead of charging 100tk, to attract customers and make them believe that they are paying a double digit price instead of a triple digit.
These pricing strategy takes place when the price of a product is slightly below a round figure . For example: a business charging 99tk instead of charging 100tk, to attract customers and make them believe that they are paying a double digit price instead of a triple digit.
CBI
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