If you’re wondering how high can you price your products or services, the first thing to understand, is what factors really set the limit to what you can charge. And that’s what we’re going to go over today. We’ll see how your industry, your business strategy, and external macroeconomic and socioeconomic factors affect and potentially limit how much you can charge for your products (or how much you can charge for your services, since this applies to both).
But, what’s the point of knowing what limits your prices if there’s nothing you can do about several of these factors, since they are external? Well, we’ll also see what you can do not to modify them (obviously that’s not possible), but to try to stay as far away from trouble as possible, so that you don’t find yourself having to fight an unforeseen pricing ceiling.
Suggested videos:
💎 Why charge premium prices:
💰How to sell high priced products or services:
💡The revenue maximisation triangle (or value triangle):
__________________________
DISCLAIMER AND LIABILITY WAIVER
While I do my best when preparing the content I share, I can’t provide any warranties regarding its accuracy or completeness, including of both content shared through the videos, as well as content shared through any links provided (both to my own content or third parties’).
Note that the information and strategies I share may not be suitable for your particular situation. I’m not providing any business advice. If you do need business advice regarding any of the topics covered, please consult with a professional that can take your own particular situation into account. Any statements related to income are examples of what may be possible, but I can’t make guarantees regarding results. I’m not responsible for your sales, income or any other performance as a result of the actions you take based upon the information I provide on these videos or on my websites. I won’t accept any responsibility or liability for any damages arising from your use of the content I share.
Any legal suit, action, or proceeding, commenced by you and related to the content I share shall be instituted exclusively in Portuguese Courts in Lisbon.
0 Comments