The most common goal of any business is to make a profit, and it’s only through effective pricing that you can accomplish this objective. A pricing strategy marred with faults and inaccuracies will only cause losses and hinder your business’ success. The optimum price, however, will maximise your margins while keeping you attractive to your customers, enticing them to continue doing business with you.

Before you put a price on your products or services, you’ll have to determine first how to build the perfect pricing strategy that will ensure that your business can profit from your sales. This infographic will show you the most common factors that affect pricing, which method you use, and everything else you need to keep in mind before finalising that price tag.

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Garret Norris

Garret is the founder and CEO of Business Coaches Sydney and through his company, remains dedicated as ever to use his training and real life business experience to meet his passion to see business succeed through disciplined management, creative marketing and committed client service.