2056 The Value vs the Price of your Product or Service

How to quickly determine a price point for your product or service. You have to do some research and you need to be able to look at your competitors to help you and your pricing of your project. So have a look at your competitors and see what kind of price they have for something similar. It’ll give you an understanding about your customer of your competitors. Then there’s a few questions to ask about so ask yourself how does your competitor market it to its customers. If you know how they marketing it that will help you determine what the price point might be that you can compete with . For example are they on the Internet or are they doing it through wholesale or are they doing it through membership or they are doing it through advertising.

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