How do determine the price of your service?

  • Posted In: Business/Investment

  • Keymaster

    Looking at what your competitors are charging is definitely one of the factors when it comes to determining the price of your service. The key is figuring out what’s going to get you the best penetration in the market as fast as possible, and broadening your client base according to what your competitors are not doing with their pricing models.

    At the same time, you don’t have to commit yourself to a single price. Tiering your pricing structure allows you to sell your services to people early on the notion of a price, and then add options that ultimately will help you increase your bottom line.

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