Many manufacturers who can make a quality product on a small scale or a large scale. However, not a few of the producers who have not been able to dominate the market well so that they do not understand in determining the selling price of the product and how it’s marketing. Whereas an entrepreneur must want to get big profits from sales of its products.
A good selling price is the price that applies generally or often called the market price and the price that is considered appropriate by the consumer. The selling price of the products as well be something that is very sensitive to the business continuity as well as your business, because there are quite a lot of things that will be affected by the selling price of the products you specify.
1. Customers
we can’t denied that the customer is a priority for you in selling business, so make sure that you specify the sale price can be accepted by the customer. This means that the selling price to determine the quality you offer to your target customers. If you do not consider this important factor, it could be a product that you offer will not be sold.
2. Competitors
It is also important for you as a business person to look at the price offered by a competitor who has a product similar to yours. Therefore, make sure the selling price of your products can compete with the price of competitor products. That means you have to really pay attention to the rate of profit, if the level of profit that you have set the selling price is too expensive, you may want to lower the rate of profit.
3. Cost
Cost is a major factor in determining the selling price of products, therefore do not get the price that you set sodium absorption ratio can cover the costs that have already happened. That means you have to be cautious and careful in calculating the costs incurred. Make sure also that no fees are missing or do not want to include in the calculation. If there is no fee to count, then it will cause the price is not right, so it will affect the level of profits even cause harm.
4. Benefit to Businesses
The meaning of this important point, namely, whether the sale price you set is worthy or not. The value can be appropriate if the selling price could give profit as you expect. If profits are expected to be achieved then it will be easier for you to expand the development of business you have.
