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Startup Tips

Don't be the cheapest, be the best!

Having competitive prices is good, but improving the quality of your products and services is better.

Often, founders are worried about how they price their product compared to their competitors. They will find out what everyone else is charging and price their product towards the bottom end of the price range. Their reasons for doing this is they want to be competitive and ...

by Mike Templeman  | April 18, 2015 06:10:00
Startup Tips

How much should I pay retailers for selling my product?

How much of your profits should go to your distributor?

Q: How much should I pay retailers for selling my product? I want to start selling my handmade jewelry in boutiques, but I do not know how much of the profits should go to the owner of the shop. A:Before distributing your ...

by Henry C. Ong  | January 17, 2013 02:00:00
Business Ideas

The price is right

But what should reps do if the customer disagrees?

Your sales reps may run up against price objections – and it\\\'s especially difficult to compete against larger companies selling similar products or services at a discount. For advice on winning the price wars, we asked John Costigan, founder of John Costigan ...

July 20, 2012 06:00:00
Business Ideas

How do I find the right price my product?

Learn the secrets to finding the profitable price for your product.

When selling a product, food and otherwise, you have to ensure sufficient earnings to cover your costs. Any income made beyond the production cost is considered profit. Before pricing your product, however, you must know certain basic terms:Fixed costs (FC). Expenses that ...

by Rocel Ann G. Junio  | March 05, 2012 01:00:00
Startup Tips

Are you pricing your products right?

Factors you should consider

Pricing is one of the most important factors you must consider in whatever business you plan to put up.  The idea is not to price your product or service too high or too low. If your price is too high, not too ...

by Entrepreneur Staff  | October 26, 2011 02:00:00
Business Ideas

Investment product protects your money from inflation

The rising prices of goods and services is something that every entrepreneur tries to deal with

The rising prices of goods and services is something that every entrepreneur tries to deal with. As inflation rate increases so does the real value of your money decrease. To cope with this, Insular Life recently launched its newest product that helps ...

August 26, 2011 01:00:00
Business Ideas

4 surefire ways to determine the price for your services

How much should you charge for your services?

What goes up must come down—at least for physical objects that are subject to gravity. But when talking about the prices of goods and services, then what’s more probable is that what goes up might come down. There are four factors that ...

July 27, 2011 02:00:00
Startup Tips

Guide to setting the right price

Learn how to price with these 4 tips

After finally pursuing the business idea you’ve always dreamed of and finding the right suppliers, the next important step for any entrepreneur is deciding on the pricing. This is a tricky step that could mean the difference between business boon or bust. ...

by Joyce Roque  | June 23, 2011 12:00:00