IconicFashionFigure | Effective Strategies for How To Price Your Products | Small Business Pricing Strategy @IconicFashionFigure | Uploaded May 2023 | Updated October 2024, 1 hour ago.
In this comprehensive video, we dive deep into the world of pricing strategies to help you maximize your profits while maintaining a competitive edge.
Pricing your products can be a challenging task, but with the right knowledge and approach, you can strike the perfect balance between profitability and customer satisfaction. Join as we explore tried-and-tested techniques to determine optimal pricing for your small business.
Key Points Covered:
1. Understanding your costs: Learn how to calculate the costs associated with producing your products, including materials, labor, overheads, and other relevant expenses. We'll discuss different costing methods and their impact on pricing decisions.
2. Market research and analysis: Discover the importance of market research in determining your product's value in the eyes of your target audience.
3. Value-based pricing: Uncover the concept of value-based pricing, where the price is determined by the perceived value your product offers to customers. We'll delve into strategies to communicate and enhance the value proposition of your offerings, allowing you to justify higher prices.
Pricing your products is a critical aspect of your small business's success. Join me in this illuminating video to acquire the knowledge and skills needed to make informed pricing decisions. Increase your profitability while ensuring customer satisfaction, and take your small business to new heights!
Don't forget to like, comment, and subscribe for more valuable content on growing your small business!
-Iconic Fashion Figure
Margin Calculator: omnicalculator.com/finance/margin
Markup Calculator: omnicalculator.com/finance/markup
Shopify Calculator: shopify.com/tools/profit-margin-calculator
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Time Stamps:
00:00 - Effective Strategies for How To Price Your Products | Small Business Pricing Strategy
00:31 - Pricing Tips and Tricks: What to include in your pricing
03:08 - Pricing Strategy Example
08:11 - How To Price Your Products
08:25 - Market Research For Pricing
09:56 - Profit Margin Vs Markup
10:41 - Pricing For Profitability Example
15:56 - Value-Based Pricing
20:08 - Fixed Expenses in Pricing
––––––––––––––––––––––––––––––
Check Out These Other Videos:
How To Source Your Products - youtu.be/JWSXc6GnRfo
How To Find A Profitable Niche - youtu.be/kZfSex9nUZ4
Use ChatGPT To Run Your Business - youtu.be/fKOTjicEZMM
––––––––––––––––––––––––––––––
Iconic Fashion Figure:
Website - iconicfashionfigure.com (coming soon)
Icons - icon@iconicfashionfigure.com
Business Opportunities - collab@iconicfashionfigure.com
Instagram - instagram.com/iconicfashionfigure
TikTok - tiktok.com/@iconicfashionfigure?
ClubHouse - @fashionicon
––––––––––––––––––––––––––––––
Nouveau Riche Apparel Wholesale Clothing:
Website - shopnouveauriche.com
Email - sales@shopnouveauriche.com
Instagram - instagram.com/shopnouveauriche
FaceBook - facebook.com/shopnouveauricheapparel
No License Wholesale Clothing - https://posh.mk/q2d2LAsQm4
––––––––––––––––––––––––––––––
Fashion Formula 101:
Website - fashionformula101.com
Email - help@fashionformula101.com
Instagram - instagram.com/fashionformula101
FaceBook - facebook.com/fashionformula101
Twitter - twitter.com/fashionformula_
Pinterest - pinterest.com/fashionformula101
LinkedIn - linkedin.com/in/fashion-formula-801ba0223
––––––––––––––––––––––––––––––
Amazon Store:
Website - amazon.com/shop/iconicfashionfigure
––––––––––––––––––––––––––––––
Promo Codes:
Sign up for Canva Pro here: partner.canva.com/c/2946648/647168/10068
DearLover Wholesale: bit.ly/3DI3Rfn
DearLover Dropshipping: bit.ly/3NdfSMI
Promo Code - IFF10 (10% off wholesale and drop shipping)
Tidio 20% Off: tidio.com/get/iff
Promo Code - IFF20
Nail Addict: bit.ly/2Yq0lRM
Promo Code - SHANNON55 (55% off)
#EffectiveStrategiesForPricingYourProducts #Pricingforprofitability #Pricingstrategyexamples #thepricingstrategyhowtopriceyourproductsforyourbusiness #pricingformula #effectivepricingstrategies #Productpricingstrategies #Valuebasedpricing #Marketresearchforpricing #Pricingtipsandtricks
In this comprehensive video, we dive deep into the world of pricing strategies to help you maximize your profits while maintaining a competitive edge.
Pricing your products can be a challenging task, but with the right knowledge and approach, you can strike the perfect balance between profitability and customer satisfaction. Join as we explore tried-and-tested techniques to determine optimal pricing for your small business.
Key Points Covered:
1. Understanding your costs: Learn how to calculate the costs associated with producing your products, including materials, labor, overheads, and other relevant expenses. We'll discuss different costing methods and their impact on pricing decisions.
2. Market research and analysis: Discover the importance of market research in determining your product's value in the eyes of your target audience.
3. Value-based pricing: Uncover the concept of value-based pricing, where the price is determined by the perceived value your product offers to customers. We'll delve into strategies to communicate and enhance the value proposition of your offerings, allowing you to justify higher prices.
Pricing your products is a critical aspect of your small business's success. Join me in this illuminating video to acquire the knowledge and skills needed to make informed pricing decisions. Increase your profitability while ensuring customer satisfaction, and take your small business to new heights!
Don't forget to like, comment, and subscribe for more valuable content on growing your small business!
-Iconic Fashion Figure
Margin Calculator: omnicalculator.com/finance/margin
Markup Calculator: omnicalculator.com/finance/markup
Shopify Calculator: shopify.com/tools/profit-margin-calculator
––––––––––––––––––––––––––––––
Time Stamps:
00:00 - Effective Strategies for How To Price Your Products | Small Business Pricing Strategy
00:31 - Pricing Tips and Tricks: What to include in your pricing
03:08 - Pricing Strategy Example
08:11 - How To Price Your Products
08:25 - Market Research For Pricing
09:56 - Profit Margin Vs Markup
10:41 - Pricing For Profitability Example
15:56 - Value-Based Pricing
20:08 - Fixed Expenses in Pricing
––––––––––––––––––––––––––––––
Check Out These Other Videos:
How To Source Your Products - youtu.be/JWSXc6GnRfo
How To Find A Profitable Niche - youtu.be/kZfSex9nUZ4
Use ChatGPT To Run Your Business - youtu.be/fKOTjicEZMM
––––––––––––––––––––––––––––––
Iconic Fashion Figure:
Website - iconicfashionfigure.com (coming soon)
Icons - icon@iconicfashionfigure.com
Business Opportunities - collab@iconicfashionfigure.com
Instagram - instagram.com/iconicfashionfigure
TikTok - tiktok.com/@iconicfashionfigure?
ClubHouse - @fashionicon
––––––––––––––––––––––––––––––
Nouveau Riche Apparel Wholesale Clothing:
Website - shopnouveauriche.com
Email - sales@shopnouveauriche.com
Instagram - instagram.com/shopnouveauriche
FaceBook - facebook.com/shopnouveauricheapparel
No License Wholesale Clothing - https://posh.mk/q2d2LAsQm4
––––––––––––––––––––––––––––––
Fashion Formula 101:
Website - fashionformula101.com
Email - help@fashionformula101.com
Instagram - instagram.com/fashionformula101
FaceBook - facebook.com/fashionformula101
Twitter - twitter.com/fashionformula_
Pinterest - pinterest.com/fashionformula101
LinkedIn - linkedin.com/in/fashion-formula-801ba0223
––––––––––––––––––––––––––––––
Amazon Store:
Website - amazon.com/shop/iconicfashionfigure
––––––––––––––––––––––––––––––
Promo Codes:
Sign up for Canva Pro here: partner.canva.com/c/2946648/647168/10068
DearLover Wholesale: bit.ly/3DI3Rfn
DearLover Dropshipping: bit.ly/3NdfSMI
Promo Code - IFF10 (10% off wholesale and drop shipping)
Tidio 20% Off: tidio.com/get/iff
Promo Code - IFF20
Nail Addict: bit.ly/2Yq0lRM
Promo Code - SHANNON55 (55% off)
#EffectiveStrategiesForPricingYourProducts #Pricingforprofitability #Pricingstrategyexamples #thepricingstrategyhowtopriceyourproductsforyourbusiness #pricingformula #effectivepricingstrategies #Productpricingstrategies #Valuebasedpricing #Marketresearchforpricing #Pricingtipsandtricks
