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Today Dr. Michael Troyer and Anna Steinfest will talk about the challenge of pricing. You will learn the following:
- What your price should reflect
- Cost to create and deliver the product or service
- The necessary reserves listed above
- The risk you are taking on: debt, time, payroll, governmental regulations,
- The expertise that you are providing (its depth, breadth and the investment of resources in acquiring it)
- The degree to which you can customize your product or service to the specific customer’s needs
- The adjustability of the product or service to changing customer needs and your capacity to meet those needs
- The value your product or service delivers relative to the customer’s other choices
- The sacrifices and compromises (compensating behaviors) the customer will or won’t except in solving their problem, relative to the performance of your product or service.
If you would like to ask a question please e-mail us at info@affresearch.com.
