Want to learn the The Three Secrets to Making a Living Selling Your Handmade Products Online Without Sacrificing Time Away from Your Family or Craft? Sign up for my free workshop here: https://www.creativehiveco.com/workshop
Views: 14090 Creative Hive
http://www.evancarmichael.com/support/ - SUPPORT ME :) Like this video? Please give it a thumbs up below and/or leave a comment - Thank you!!! Help me caption & translate this video! http://www.amara.org/en/profiles/videos/Evan%20Carmichael/ Eduardo Orellana: "Hi +Evan Carmichael I have a question for you, what happens if you've found a product or service that people need and it is extremelly valuable but are having a hard time deciding how much to charge people for it? "
Views: 95082 Evan Carmichael
See how to calculate Sales Price given Cost and Markup On Sales Price. Sells Price = Cost/(1-Markup On Sales Price) Base = Part1/Rate1 Base = Part2/Rate2 Base = Part1/(1-Rate2) Base = Part2/(1-Rate1)
Views: 203007 ExcelIsFun
What should you be charging for your product or service? ►Subscribe: https://goo.gl/ScRTwc to learn more secret SEO tips. Find me on Facebook: https://www.facebook.com/neilkpatel/ Read more on my blog: https://neilpatel.com/blog Today I'm going to share with you how to determine the optimal price for your product or service. 0:29 Optimal Price Tip #1 The first thing you need to do is look at your competition. Is your product comparable to theirs? Is it better? Is it worse? Do you have the same feature sets? Do you have fewer features? If your product is easier to use, it has all the same features, and it's higher quality, you can price your product at the same price as your competition or higher. Now, if your product has fewer features than the competition or your service has fewer features, it's not as good, you don't want to be in the same price point. Ideally, you want to be lower. It's just common sense, right? 1:41 Optimal Price Tip #2 Now, the second tip I have for you and this is if you wanna maximize how much income you're making and profit versus capturing the majority of the market because the first tip I gave you, if you wanna put your price lower than the competition when your product's better, it's a great way to gobble up their market share but on the flip side, if you're trying to optimize for profitability, what you wanna do is split test your pricing. You can use Crazy Egg, and you can use Optimizely, VWO. Pick A/B testing tool. Create two pages of your product or service at different price points and keep playing with the price. You can increase it, and you can decrease it. Usually, you want to start off increasing it, and you want to see, alright, can I generate the same amount of sales with the higher price point? If you can, then you want to go with the higher price point then you don't want to stop there just because you got more sales on the front end. If you're unsure of how to price your product or service, leave a comment below with your product or service, tell me what you're thinking, and I'll give you some feedback. If you like this video, tell people about it, share it, subscribe. Thank you for watching, and I can hope to help you come up with the ideal price for your product or service.
Views: 18565 Neil Patel
How to price your products to maximize demand and profit and create a strong business strategy using the Predictive Innovation Method with Flying Cars as an example. http://www.PredictiveInnovation.com/ Addresses the common economic error of the zero sum game. This is holistic approach to deal with subjective and conditional nature of price. By focusing on the value of using the product you can calculate the price customers are willing to pay, both in money and other factors.
Views: 45597 Mark Proffitt
This is the dumb pricing mistake entrepreneurs make. Now I'll show you how to fix it. SUBSCRIBE FOR MORE ► http://bit.ly/WqPFyy There's a dumb pricing mistake people make when they price their products and services... ...and it leaves a TREMENDOUS amount of money on the table. (The weird part? This applies to all types of products. Maybe you're selling a piece of furniture... or you'er selling multiple crafts at a craft show... or maybe you're a freelance photographer or web designer...) What is the mistake? Watch this video and I'll explain everything. The best part? Once you know the mistake, it's easy to fix it. Don't take my word on it. Watch the video. See for yourself. This takes advantage of proven psychological pricing strategies. It works for physical products - like crafts, handmade furniture - and for freelance services - like photography, web design, consulting. Oh, and if you liked this video, HIT SUBSCRIBE! http://bit.ly/WqPFyy
Views: 173219 Derek Halpern
The “best” price for a product or service is one that maximizes profits, not necessarily the price that sells the most units. This presentation uses real-world examples to explore how Excel’s Solver functionality can be used to calculate the optimal price for any product or service. Downloadable slides are available from SlideShare at http://goo.gl/yGmGfq
Views: 52993 Michael Lamont
It is very important to know how to price your product properly. In this video we're talking about 3 common mistakes that you need to avoid when pricing your product: - Mistake #1 is trying to compete on price - It occurs when you don't know how much your product is worth... So you just take a look at your competitors and think "I'm going to price my products lower than they do, so their customers will choose me instead". - Mistake #2 is setting the price based on your type of product. So, you're thinking "Hmm, I guess this should cost THIS much...?". - And finally, mistake #3 is not giving people to oportunity to give you more money (even when they want to). Watch the video to find detailed answers for these questions, along with simple examples why you shouldn't price your product based on these factors. Also, check out the full blog post + 2 bonus tips here: https://thrivethemes.com/pricing-mistakes/
Views: 5111 Thrive Themes
You will learn how to markup prices using AliDropship plugin and how to make profit dropshipping with AliExpress. More info about the dropshipping find in step-by-step guide: alidropship.com/guide All products imported from AliExpress appear with the original prices offered by a supplier. To get profit from your business you need to determine your pricing rules and set your markups and margins. AliDropship plugin features a profound system for pricing markup - the amount added to the cost of goods to cover overhead and profit. To add a new pricing markup rule click “Add new formula”. First step - select supplier price range and assign an arithmetic operation (addition, multiplication or equality) and enter the value of this operation. If you need additional rules for your formula, you can use additional options. Formulas can be applied not only to all categories but for selected ones as well. Click “Save changes” to add your formula. According to the formula shown on your screen, all products with prices on AliExpress between one and five dollars will be multiplied by two and additional 2 dollars will be added to the final price. So if we import the product that costs 3 dollars on AliExpress, the price on our site will be 8 dollars. Once you get an order, you’ll need to pay your supplier 3 dollars and leave 5 dollars for yourself as a profit. After your formula is added all new products imported from AliExpress to your store will get prices, according to your pricing rules. If you need to apply these rules to already existing products on your site click “Update prices” button. To change all prices back to AliExpress original ones click “Reset prices”. Please note: you can create as many formulas as you need. With the help of pricing rounding feature, you can round your prices. You can also set a specific cent value for your retail price. This value will be used when forming final price for your items. More information about AliDropship features you can find in our Knowledge Base: https://alidropship.com/codex/ #alidropship #aliexpressdropshipping #dropshipplugin #dropshipping #alidropshipplugin #wordpressdropshipplugin #moneyonline
Views: 11268 AliDropship
The following video breaks down how a manufacturer should come up with a price for industrial finished goods. First, the company must account for its material costs and apply a 5 percent indirect cost to that portion of the manufacturer's price sheet. This 5 percent is meant to offset overruns in production and or additional costs of financing inventory and material purchases. Second, the company must account for its labor relative to each operation performed to turn a raw material into a finished good. The calculation involves defining the operation and applying the labor cost to both the setup time in manufacturing and the actual run time. Third, all labor costs are added in order to come up with a complete total for all the costs of manufacturing a given product. Those costs are then followed up by the company's overhead, which is calculated by taking its indirect expenses divided by its direct expenses. Indirect expenses are those expenses that are in addition to the the costs needed to produce a part. Direct expenses are exactly that. These include the costs involved or expenses involved in manufacturing the part. Finally, the company adds its mark-up in order to secure a profit on the sale. Profit is critical because it helps to fund the company's pursuit of new product introductions and secure its long-term future. Here is a sample of the Manufacturer Price Sheet in Excel Format http://www.driveyoursuccess.com Video explains how to price a product with direct material, labor, overhead and profit
Views: 31698 Ian Johnson
Finding linear price-supply and price-demand equations and determining the equilibrium point. This video is provided by the Learning Assistance Center of Howard Community College. For more math videos and exercises, go to HCCMathHelp.com.
Views: 57456 HCCMathHelp
In this video we cover everything you need to know about pricing your product for sale. We dive into eCommerce pricing, what kind of margins you should aim to reach and what it takes to sale through retail stores. To take advantage of the free trial of Shopify and setup your online store: http://bit.ly/Get-Shopify Margin Calculator Mentioned in video: http://bit.ly/Margin-Calculator Printful Print To Order: http://bit.ly/Try-Printful Back The Cause: http://bit.ly/Support-The-Channel Have you ever wondered how some products sell for hundreds of dollars while others are more affordable? If you’ve had this in mind while pricing your products for sale, I go into detail with the different pricing models you can follow to help you make a decision. Ultimately it depends on what tier your brand sits in, but the terms and content in this video will help you figure all of that out in a strategic way. It’s important to price your product at a sweet spot, a price that your market is willing to pay and you are able to make margins on to keep the lights on. It can be tricky to figure out, but it’s important to know what to strive for early on and then make adjustments as needed. Start A Brand ASAP- Connecting entrepreneurs with the resources and content they need to start their business ASAP. Download the free manufacturer and supplier guide and also receive the E-Series straight to your inbox. http://bit.ly/Apparel-Download John Santos on Social: https://www.instagram.com/johnxsantos/ https://twitter.com/johnxsantos SC: @revivejohnny LINKS TO BUSINESS RESOURCES AND INFO. **** RESOURCE LINKS******** ***Shopify- Website Platform, 14 Day Risk Free Trial http://bit.ly/Get-Shopify ***Bluehost- Web hosting package, 30 Day Money Back Guarantee http://www.bluehost.com/track/bluejay90 *** Design Package- Photoshop, Illustrator & More http://bit.ly/Creative-Cloud1 ***Fiverr- Logo Design and Graphics http://tracking.fiverr.com/SH1rz *AFFILIATE DISCLAIMER: The description may contain affiliate links, which means that if you click on one of the links, I may receive a small commission (at no added cost to you). This helps me create new videos to support your journey. If you could reference back to this description when you are ready to use a service, I’d greatly appreciate it.
Views: 19519 John Santos
A simple formula / guideline to help you price your handmade products. Get the free printable here: http://hollycasto.com/free-resources // WHAT'S NEXT ▸ subscribe to my youtube channel | http://bit.ly/21HvTw7 ▸ check out my blog | http://hollycasto.com ▸ sign up for my emails (& get free stuff!) | http://eepurl.com/cj-F_b // FOLLOW ▸ facebook | http://facebook.com/hollycastoblog ▸ twitter | http://twitter.com/hollycastoblog ▸ instagram | http://instagram.com/hollycastoblog ▸ pinterest | http://pinterest.com/hollycastoblog ▸ snapchat | holly_casto // WORK WITH ME ▸ design services | http://bit.ly/1VQyT5H // MY FAVES ▸ etsy - open a shop + get 40 free listings | http://etsy.me/1QIHcRk ▸ shopify - try for free for 14 days | http://bit.ly/1R5hebt ▸ printful - for order fulfillment + shipping | http://bit.ly/1N6nTvQ ▸ quickbooks - for simple bookkeeping | http://bit.ly/22KBbIG ▸ squarespace - for starting a blog or website | http://bit.ly/1i0Rbjp ▸ canva - free graphic design website | http://bit.ly/1fqI5sq // DISCLAIMER ▸ This is NOT a sponsored video. ▸ Some affiliate links are used, which means that I earn a small commission if you click the link and make a purchase.
Views: 22452 Holly Homebody
Please Subscribe here https://goo.gl/6mVLxs to have more videos on business, entrepreneurship, motivation, personal development and success strategy. Setting the right price for a product or a service can be very challenging especially for new entrepreneurs. This is because it can be quite confusing to understand how pricing really works in the market. For example, which of these two products would you buy, the first one is priced at $800 and the second product with the same functions and usage is priced only at $4? Obviously, most of us would choose the $4 product, right? Yes and no. It all depends on 2 important factors which I am going to explain more in this video. If you say yes then why is it that a 256GB iPhone 7 which is priced at $849 is more in demand than a Freedom 251 smartphone which is priced only at $4 a piece? If you say no then why is it that most of us would choose to get a $1 mineral water than the one that is priced at $200 a bottle? So how much should you price your product then? Well, there’s no one right answer to this question because there are so many things that you need to consider such as your overall business goals, how you plan to position your product in the market, your market niche, the costs to produce your products, your product category, and your overall operational costs, just to name a few. Is there a simpler way to do this? Of course, there is, just make sure you know your product category and your positioning strategy. Let me explain. Basically, your product will fall into either one of these two big categories. One is a generic product which can be divided into convenience and shopping products. Convenience products refer to our day to day products such as food, drinks, household products, and so forth whereas shopping products refer to products like clothing, shoes, furniture, and electrical appliances. The second product category is specialty products such as exclusive clothing lines, luxury cars, branded items such as branded bags, watches, shoes, and perfumes. If it is categorised as a generic product just use cost plus profit pricing strategy. Which means, you set your price by adding up the total costs to produce one unit plus the profit you want to make for every product sold. This usually works just fine because almost all generic products are priced this way. But if your product is a specialty product, you need to decide on how you want to position it in the market, more specifically how do you want to position it in the mind of your customers and you can set whatever price you want. The most important thing that you must remember here is this, the moment you enter the market with your product positioning and pricing strategy, it will stay in there forever and, to reposition it later on in the future is almost impossible. For example, Freedom 251 smartphone is positioned as the cheapest and most affordable smartphone in the world and to reposition it just like an iPhone is near to impossible task. Therefore, how should you price your products and services? Decide on your product category and on how do you want to position it in your market. pricing strategies | pricing strategies in marketing | competitive pricing strategy | marketing pricing strategies | pricing methods | business pricing strategies | pricing strategy examples | Follow me on twitter https://twitter.com/moslemanoar Connect with me on linkedin https://my.linkedin.com/in/moslem Follow me on my blog http://moslemanoar.com/ Connect with me on facebook https://www.facebook.com/moslemanoarpage Connect with me on skype moslemanoar
Views: 31385 Success Matters
Tara shares the formula for pricing products for profit at wholesale. http://cr8.lv/priceyourcraftyt In this clip from the CreativeLive class, Price Your Craft, Tara details the variables that go into setting a price so you make money on your wholesale craft sales. Get more tips on making money by making crafts on CreativeLive. http://cr8.lv/priceyourcraftyt CreativeLive unleashes your creative potential by connecting you directly with the world's most inspiring visionaries. Access courses on Photo & Video, Art & Design, Business & Life, Music & Audio, and Craft & Maker at http://www.creativelive.com
Views: 63434 CreativeLive
I often get asked, "How do I price my products for wholesale and retail sales?". This is a tricky subject, but it doesn't have to be complicated. I walk you through the steps I follow every time I launch a new product line. I also give visual examples for how I format my excel document when I'm tracking costs. ▼▼▼MORE INFO BELOW▼▼▼ ------------------------------------------------------------------------------ ▼▼▼ MENTIONED IN THIS VIDEO ▼▼▼ Please let me know if you have any questions about pricing in the comments below. This is a lovely community and seeing you talk to each other is extremely helpful and rewarding! Videos Related to Selling Wholesale: https://www.youtube.com/playlist?list=PLvIZjXRogQyn5EIxBSPkomX0xK3nZYm8- More Small Business Tips: https://www.youtube.com/playlist?list=PLvIZjXRogQynhhnuI9qCcsFO0Rt4KDiOK ------------------------------------------------------------------------------ Please comment and subscribe. I have a bunch of Etsy/Small Business related videos on the way. ▼▼▼ SUBSCRIBE ▼▼▼ https://www.youtube.com/channel/UC8sHrp-M7ufOjqh5ORk3bHA?sub_confirmation=1 ------------------------------------------------------------------------------ ▼▼▼ MY BUSINESS - Mane Message ▼▼▼ MANE MESSAGE: http://www.manemessage.com ETSY SHOP: https://www.etsy.com/shop/ManeMessage ------------------------------------------------------------------------------ ▼▼▼ SOCIAL MEDIA ▼▼▼ TWITTER: http://www.twitter.com/manemessage FACEBOOK: http://www.facebook.com/manemessage INSTAGRAM: http://www.instagram.com/manemessage ------------------------------------------------------------------------------ ▼▼▼ SUBSCRIBE TO MANE MESSAGE'S NEWSLETTER ▼▼▼ EMAIL NEWSLETTER: http://eepurl.com/biNlZT ------------------------------------------------------------------------------ ▼▼▼ JOIN ETSY ▼▼▼ http://etsy.me/2bNbLrp ^ This is an affiliate link. I will earn free Etsy listings if you join using my link.
Views: 43320 Olivia Hayward
85% of contractors incorrectly calculate profit on their estimates. Most contractors use the markup method - but this method will leave your bottom line coming up short every time! In this brief video, we explain the difference between a markup and a margin, and how to use a profit margin formula on your estimates that will give you an accurate profit every time.
Views: 313807 LMN - Landscape Management Network
You've just opened a business. What should you charge for your products or services? The four tips you'll learn in this video will help you get started. Watch the follow-up movies at http://www.lynda.com/Business-Business-Skills-tutorials/Small-Business-Secrets/156584-2.html?utm_campaign=jY_0vZ1kv48&utm_medium=social&utm_source=youtube-earned. This specific tutorial is from the Small Business Secrets series presented by lynda.com author Dave Crenshaw. This series covers small business topics such as getting started, writing a business plan, determining your most valuable product or service, hiring people, managing processes, documenting systems, bootstrapping, seeking funding, accounting, controlling costs and profit margins, marketing, creating culture, and more.
Views: 20745 LinkedIn Learning
How to price a product for your online shop. Here are 9 tweaks you can make to nail those prices on your products. Get the list here: https://m.me/becauseicanclan?ref=Pricing Subscribe: https://alisonprince.com/tv Find out how my 10 and 13-year-old girls sold over 21,000 scarves in 9 months over on the https://0-100k.com/special-webinar-registration Learn how you can start your online store to sell products. Make sure to follow me so you can learn how to run an online store and make money online. Blog: https://www.alisonjprince.com/home Facebook: https://www.facebook.com/becauseicanclan Instagram: https://www.instagram.com/alisonjprince/ Join the Because I Can Clan FB page and find out how other 'clanners' are changing their lives!
Views: 2205 Alison J Prince
• Setup your own dropshipping store with Shopify HERE: https://goo.gl/1CuQmC (2-week free trial) I'll be explaining 7 AliExpress dropshipping mistakes that I made in my first attempt at drop shipping, across 7 daily videos. I chose a AliExpress dropshipping product with a retail price that was too low. I had previously explained that a dropshipping product should be selling on your store at between $50-$200. I chose a product that I would sell at $14.99. This price was far too low and significantly reduced my potential total profit amount. The low profit amount also meant that any marketing costs that I spent to drive potential customers to my AliExpress dropshipping store had a significant impact on my final overall profits, and almost made the costs of marketing not worthwhile. All 7 Mistakes I Made With AliExpress Dropshipping: https://www.youtube.com/playlist?list=PLXE2mk0omPu5W6hzKBilrkBFcQwB54LeZ How To Choose A Profitable Dropshipping Product: https://www.youtube.com/watch?v=OBHf0aq7X_A How To Increase Dropshipping Sales: https://www.youtube.com/watch?v=aPqxvWPgACg My First Week Of Dropshipping: https://www.youtube.com/watch?v=ZEBfrQiHNi8 Remember to SUBSCRIBE to the channel for updates on my online business projects, so that you can to learn from my attempts at success :)
Views: 16452 Start Starting Up - Greg Preece
What is the food cost formula and how can you use it to calculate your restaurants food cost percentage. I will explain everything you need to know about food costing in this video. As a restaurant owner, manager, operator or chef, you have to know how to calculate your food cost so you can lower expenses and increase your profits. If you enjoyed this video and want more just like them including a free training series called the foundation to a lifetime of restaurant success. Click Here: http://TheRestaurantBoss.com LEARN MORE ABOUT BACON: http://ClickBacon.com DOWNLOAD THE RESTAURANT PROFIT GUIDE: http://restaurantprofitandperformance.com MORE FREE RESTAURANT TRAINING TIPS: http://RestaurantProfitandPerformance.com SUBSCRIBE: http://www.youtube.com/subscription_center?add_user=gromfinboss At The Restaurant Boss, I post weekly training tips for restaurants and bar’s. Tips range from food and labor cost, to restaurant specific marketing and management. I welcome you to check it out and sign up for my FREE video training series. LET’S CONNECT! Facebook - http://facebook.com/TheRestaurantBoss Twitter - https://twitter.com/RyanGromfin Instagram - http://instagram.com/ryangromfin MORE GREAT VIDEOS https://www.youtube.com/user/gromfinboss Please be sure to like this video and leave your comments or questions below as well as share this video with your friends, co-workers and other restaurant owners, managers and operators. I promise to respond to every comment or question! Thank you, Ryan Gromfin The Restaurant Boss http://TheRestaurantBoss.com
Views: 562971 The Restaurant Boss
Many of you probably think that product pricing is purely science, because it involves a lot of math, data, and pieces of information consolidated and analyzed to get optimal results. We are seasoned product designers and entrepreneurs here, yet pricing products is an ongoing struggle because it does not wholly rely on scientific data and mathematical formulas-- identifying the perfect product price also relies heavily on human psychology, on ever-changing cultural, sociological, economic and political climates, and ultimately rides on how much you understand your target market's behavior and what drives them. It requires making a thought-out plan with clear revenue goals based on your specific business model, on your product, and on proper timing, among other things to create a realistic profitable pricing strategy that will up your revenue. You can always schedule a call with us, or with one of our experts like Tim Bush so we can have a deep dive into feasible product pricing tailored to suit your specific needs. Join Product Launch Hazzards http://productlaunchhazzards.com - Explore the retail and ecommerce product launch formula to out-design, out-source, and out-profit your competition. New Consumer product launches are inherently risky, and the odds of success are not in your favor. 7 out of 10 consumer product launches fail; 14 out of 15 products on the home shopping channels fail; less than 2% of inventions ever make any money. Within the Product Launch Hazzards community, Inc. Columnist and product launch expert Tracy Hazzard, industrial designer and product development expert Tom Hazzard, and their team of proven product launch experts share the product launch formula, strategy, and resources that flip the odds and will make your product launch successful. The best products rarely win at retail, but the best product launch strategy does. Join us today! http://productlaunchhazzards.com
Views: 10 Product Launch Hazzards
How much should your pay yourself an hour? http://cr8.lv/aumanbootcampyt When you make your living by selling what you make, pricing will make or break your business. In this clip from the CreativeLive bootcamp with Megan Auman, she shares her formula for pricing wholesale and retail products. Get a complete education on running a profitable and thriving handmade business: http://cr8.lv/aumanbootcampyt CreativeLive unleashes your creative potential by connecting you directly with the world's most inspiring visionaries. Access courses on Photo & Video, Art & Design, Business & Life, Music & Audio, and Craft & Maker at http://www.creativelive.com
Views: 4697 CreativeLive
► Get the Free winning product research PDF: https://goo.gl/Ku84da ► Get the FACEBOOK AD COMMANDMENTS (cheat sheet): https://goo.gl/rp6Mu5 In this video I breakdown how to price products properly on your Aliexpress Shopify drop shipping store, for profit. ►►► Subscribe To My Channel Here: https://www.youtube.com/channel/UCGgsPMatst0hSt3FPwWYBxQ?sub_confirmation=1 _ Recommended playlist: https://www.youtube.com/playlist?list=PL-baMqf8RwT2mIKYmmODLlL1yu2w-hR2r Connect with me here: Connect with me on Facebook: https://www.facebook.com/henryfd10 Follow me on Quora: https://www.quora.com/profile/Henry-Hien _
Views: 3450 Henry Hien
People don't buy products, they buy the result that the product will give them. In today's video, I'll teach you what I've taught to more than 2 million salespeople in over 75 countries: how to sell the VALUE and BENEFIT of your product, rather than the price. Learn how to close more deals by applying the right closing technique with my FREE 23 Closing Techniques Battle card, download it here: http://bit.ly/1TWrOxE "The more you focus on the value of your product or service, the less important price becomes." @BrianTracy (Tweet this: http://bit.ly/1TGEqt6) ___________________ Learn more: Subscribe to my channel for free offers, tips and more! YouTube: http://ow.ly/ScHSb Facebook: http://www.facebook.com/BrianTracyPage Twitter: http://www.twitter.com/BrianTracy Google+: +BrianTracyOfficialPage Pinterest: http://www.pinterest.com/BrianTracy Instagram: @TheBrianTracy Blog: http://ow.ly/TXzAT
Views: 136260 Brian Tracy
This video goes over the equation and some examples of solving price elasticity of demand problems in economics. More information is available at http://www.freeeconhelp.com/2011/05/how-to-solve-elasticities-problems-in.html or http://www.freeeconhelp.com/2011/08/using-midpoint-formula-to-solve.html Essentially an elasticity measure looks at the responsiveness of one variable to changes in the other. In this case we are focused on the two economic variables of quantity and price. The easiest way to think about elasticity is to imagine a rubber band. The force on the rubber band causes it to stretch in a similar manner that a price change causes people to buy more or less of a product. The measurement of the relationship between this cause and effect in practice is called elasticity. More information is available at http://www.freeeconhelp.com/2011/05/how-to-solve-elasticities-problems-in.html or http://www.freeeconhelp.com/2011/08/using-midpoint-formula-to-solve.html
Views: 359573 Free Econ Help
The_AR Ecommerer Ecom Start Product Pricing Formula (The_AR Formula) Quick Overview what We gonna Discuss later on, In the Path ----------------------------------------------------------------- Important Links: ----------------------------------------------------------------- Sign up for the Private Training: http://eepurl.com/cEKwvf Get Site-Ground: https://www.siteground.com/go/the_ar-ecommerer Hosting Comparision: https://youtu.be/WG2Ks32I8Z4 ---------------------------------------------------- Have Question Email at [email protected] Previous Training: https://youtu.be/ThmqzmvCXPU ---------------------------------------------------- ----------------------------------------------------------------- Today We Discuss the Following Things; ----------------------------------------------------------------- • Overview The_AR Formula. • Explain its 5 Essential Steps. • Explain Profit Percentage %. • Importants Notes. • Much Much More. ----------------------------------------------------------------- Get Connected :) ----------------------------------------------------------------- • Twitter: @The_AR_Ammar • Facebook: @The.AR.Ammar • Email: [email protected] . -~-~~-~~~-~~-~- Explore: " Free Traffic Sources for Online Marketing 2018" https://www.youtube.com/watch?v=p5NZGkcjhJE -~-~~-~~~-~~-~-
Views: 16 Ammar Alam
If you don’t charge enough for your handmade products you won’t make any money! You won’t be able to buy new materials, you won’t be able to cover your costs and then you won’t be able to make anymore. Sound scary? It should. Getting your pricing right is crucial to your success! You can’t pluck a number out of thin air and use that to set a price. You can’t ask a stranger how much they would pay. And you simply can’t take the amount a product has cost you and multiply it by two and then times by 4 (honestly I have seen that!). To run a successful business you need to know your numbers and I'll happily show you how. If you are making products which won’t sell because they are too expensive (I’ve rarely known this to actually be true!) then you need to rethink your products/suppliers/marketplace not lower your prices!!! Find out more about A Handcrafted Business Handmade Product Pricing Formula here: https://www.ahandcraftedbusiness.com/pricing Discover everything you need for marketing your handmade products at: www.ahandcraftedbusiness.com https://www.facebook.com/AHandcraftedBusiness/ https://www.instagram.com/nicolasmithonline https://twitter.com/AHandcraftedBiz https://uk.pinterest.com/aHandcraftedBiz
Views: 8339 Nicola Smith
In this video I show you how to add variable pricing for your projects in WooCommerce using the Gravity Forms Add-on. This useful for store owners that have products that have multiple options such as size, color, etc and the price adjust accordingly to the option. You will need to purchase both Gravity Forms and The Add-on. http://www.gravityforms.com - Gravity Forms http://www.woothemes.com/products/gravity-forms-add-ons/ Thanks to store owner for letting us use this in this tutorial: http://www.handmadetackle - Big Game Fishing Lures
Views: 47498 Michael Grimm
Learn more about making money - http://www.apexmomentum.com/?t=pricingformula If you want to make money then you need to be able to tell people how much your product/service will cost. If you don't do it the right way however then you will lose out on potential sales. Hence the pricing formula... which shows you the proper way to do so. More training at my blog - http://dukeromkey.com Watch it again - http://www.youtube.com/watch?v=SRFCTcpUjUg
Views: 836 Duke Romkey
This video is intended to give visual tutorial on how to use formula in Microsoft Excel 2007. It is not the intention of the video creator to damage or acquire any monetary value. This is solely intended as tutorial to enrich students technical know-how in using Microsoft Excel.
Views: 78 Victor Repatacodo
On Facebook: https://www.facebook.com/365careers/ On the web: http://www.365careers.com/ On Twitter: https://twitter.com/365careers Subscribe to our channel: https://www.youtube.com/365careers This lesson on Marketing strategy introduces the concept of Pricing. Watch more at https://www.udemy.com/mba-in-a-box-business-lessons-from-a-ceo . This video is part of a series of short lessons about Business Strategy. The complete module can be found on Udemy, as a core part of the MBA in a Box course by CEO Valentina Bogdanova and 365 Careers. The course provides a complete Business Education: Business Strategy, Management, Marketing, Accounting, Decision Making & Negotiation in just under 10 hours. -------------------------------------------------- Marketing module table of contents: Marketing: An Introduction Introduction to Marketing What is Marketing's role? Who works in Marketing? Marketing's key processes Marketing: Building a Marketing Strategy What is a marketing plan? The psychology of customers - needs, wants, and demands Conducting marketing research The different stages of marketing research Collecting Primary Data for Marketing Research Performing client segmentation Choosing a target customer group Marketing: How to set up an effective Marketing Mix The four Ps of Marketing and their importance Marketing: How to set up an effective Marketing Mix - Product decisions The product concept Classifying a firm's products The typical product lifecycle Product branding Product packaging Marketing: How to set up an effective Marketing Mix - Pricing decisions The variables influencing product pricing The demand curve Performing break-even calculations Marketing: How to set up an effective Marketing Mix - Place decisions Setting up product distribution Types of distribution channels The advent of e-commerce Marketing: How to set up an effective Marketing Mix - Promotion decisions The essence of marketing promotion Creating a marketing campaign The importance of social media Marketing: How to set up an effective Marketing Mix - A dynamic concept The four Ps of Marketing - A dynamic concept Marketing: Marketing strategy in the long run Allocating the funds available for Marketing - The budgeting exercise Using KPIs to improve decision-making Short-term vs. Long-term marketing goals Interpreting and calculating the Customer-Lifetime-Value formula -------------------------------- Pricing is the one variable a company can change overnight and see an immediate effect on revenues and profits. However, pricing decisions inconsistent with a firm’s competitive strategy can be dangerous, which is why companies should address the topic with much caution and attention. There are three important components we need to distinguish in this process. The amount a product costs to be produced, the price customers pay to buy the product, and the value they acquire from the product. If a company aims at cost leadership, then the focus will be costs (trying to keep them as low as possible). The company must offer a price slightly lower than the one offered by competitors. Conversely, if a firm’s strategy is differentiation, then the critical factor will be the value delivered to customers. Costs are not that important, as companies offering a differentiated product can charge more. So, pricing must be coherent with competitive strategy, although sometimes it is tempting to adjust prices to stimulate short-term gains of market share and increases of sales. Top-level managers have to stay focused on the big picture and make coherent decisions in line with the firm’s long-term strategy.
Views: 24914 365 Careers
This video provides a relatively simple, qualitative explanation of how expenses are categorized as either product (manufacturing) costs versus period (non-manufacturing) costs within a production firm and is intended for students just beginning a course in managerial accounting.
Views: 42618 The Accounting Tutor
Pricing is the centerpiece of your handmade business. The reason is simple: to be successful and make a living off your online shop, you need to be profitable. And to be profitable, well… You have to price for profit. Truth is, it can feel very uncomfortable, and if you’re like me and numbers aren’t your favorite thing to play with… well it just sounds like the least possible fun thing to do! The temptation is real to get it over and done with as quickly as possible, but you also risk falling into one the most common pitfalls of costing and pricing your products. If you know deep in your heart that you haven’t spent much time on your pricing strategy, you might want to keep reading and make sure you’re not making one of these 5 costly mistakes. SUBSCRIBE TO MY CHANNEL to get more tips to help you start, grow and profit form you handmade shop: https://www.youtube.com/channel/UCIjZGb-JlfZuUzggOcIx_Mg FREE RESOURCES FOR MAKERS AND HANDMADE SHOP OWNERS: http://tizzit.co/free FREE FACEBOOK COMMUNITY FOR MAKERS AND HANDMADE SHOP OWNERS: https://www.facebook.com/groups/tizzit/ JOIN TIZZIT HQ FOR TRAINING + SUPPORT TO GROW YOUR HANDMADE SHOP https://www.hq.tizzit.co/ THE MAKER'S ROADMAP PLANNER: https://www.tizzit.co/roadmap/ FREE CALCULATOR: https://www.tizzit.co/free
Views: 13411 Deborah Engelmajer
In this Video Dr. Vivek Bindra explains in very simple terms, the 4 quadrants of Business practice. This video beautifully explains the following quadrants for start ups, small entrepreneurs, small business etc as follows 1. Value for Money | 2. Opportunistic | 3. Premium | 4. Chinese Market. Through these quadrants Dr. Bindra asks young entrepreneurs to identify their business propositions and determining on which proposition would they like to position their business. This is a very enabling video that seeks to empower the business class society of India today and handhold them to success. If you want to avail the full benefits of this business concept, then do not forget to attend the 6 months long term Leadership Funnel Program To Attend a 4 hour Power Packed “Extreme Motivation & Peak Performance” Seminar of BOUNCE BACK SERIES, Call at +919310144443 or Visit https://bouncebackseries.com/ To attend upcoming LEADERSHIP FUNNEL PROGRAM, Call at +919810544443 or Visit https://vivekbindra.com/upcoming-programs/leadership-funnel-by-vivek-bindra.php Watch the Leadership funnel Program Testimonial Video, here at https://youtu.be/xNUysc5b0uI Follow our Official Facebook Page at https://facebook.com/DailyMotivationByVivekBindra/ and get updates of recent happenings, events, seminars, blog articles and daily motivation.
Views: 843362 Dr. Vivek Bindra: Motivational Speaker
This is STEP 13 in my series of 23 steps to starting your own organic and natural skincare business. In this video we look at pricing your skincare products and the three different prices you'll need to set. I am the Director of Formula Botanica, the award-winning and accredited international online Organic Cosmetic Science School and I work with thousands of organic skincare entrepreneurs all over the world every day. Learn more about Formula Botanica's online courses: Website: https://formulabotanica.com Sign up for a free sample class: https://formulabotanica.com/sample-class Follow us on social media: Instagram: https://www.instagram.com/formulabotanica Facebook: https://www.facebook.com/formulabotanica Twitter: https://www.twitter.com/formulabotanica Free Networking Group: https://www.facebook.com/groups/SkincareEntrepreneurs
Views: 15750 Formula Botanica
In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculate the per unit costs: AVC, AFC, and ATC. Let me know what you think and please subscribe. Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Next video-drawing the cost curves https://www.youtube.com/watch?v=qYKJdooEnwU Watch Episodes of Econmovies- https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH More videos about the costs of production- https://www.youtube.com/playlist?list=PLE70CA726102FB294
Views: 925620 Jacob Clifford
This tutorial will help you understand the woocommerce dynamic pricing plugin and extension for wordpress. The plugin can be a little confusing so make sure to watch the entire tutorial to help clarify any questions you might have about the woocommerce plugin. This is a plugin for wordpress ecommerce to help you create discounts and sales that you normally couldnt do with woocommerce you can read more about the documenation for the woocommerce dynamic pricing plugin here at woocommerce: https://docs.woocommerce.com/document/woocommerce-dynamic-pricing/ for more tutorials like this or to learn how to create your own ecommerce wordpress website, feel free to visit my website at http://www.darrelwilson.com
Views: 44003 Darrel Wilson
#1 Tool To Build and Grow a 6 Figure On-Line Business: https://mardox.media/clickfunnels Learn How To Make Money Being an Expert: http://mardox.media/expert-secrets Secrets Of Building ad Growing an Online Business: http://mardox.media/dot-com-secrets Tools I Use To Make These Videos: iPad 2018: https://amzn.to/2ubz0Dx Apple Pencil: https://amzn.to/2JcC6Ms Luma Fusion App: http://mardox.media/luma-fusion Adobe Draw App: http://mardox.media/adobe-draw
Views: 95501 Easy Tech Tips