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How to Price Your Product or Service

Wed 12:00 PM to 1:15 PM

Attendees identify internal and external factors to consider in setting prices for products and services and learn to estimate potential market share. Business examples demonstrate how to evaluate pricing methods, develop sales forecasts, and measure market potential for products and services. The seminar introduces breakeven analysis as a tool to assist the entrepreneur in measuring financial feasibility. Activities identify the kinds of data needed to project the revenue, start-up, and operating costs of a business. Attendees will: • Identify strategies used to price products and services • Evaluate different pricing methods for sample businesses • Identify connections between pricing and sales forecasting • Identify financial concepts (overhead costs, cost of goods sold, profit contributed per sale, and breakeven point) • Identify factors involved in developing good financial assumptions • Learn how to calculate the break-even point for a sample business

Fee: No Cost

Phone: 8283394211
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