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How To Price Your Handmade Products - The Pricing Formula
 
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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: 17434 Creative Hive
Pricing Strategies - How to price a product
 
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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: 105618 Evan Carmichael
How to Price for Profit: The Trick to Making Money on Wholesale Sales
 
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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: 70591 CreativeLive
How Do I PRICE My Products?! | Pricing for Both Retail and Wholesale Business
 
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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: 47364 Olivia Hayward
Food Product Cost & Pricing Tutorial
 
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Step-by-step directions on how to use the Small Food Business Food Product Cost & Pricing Spreadsheet tool to determine accurate product costs and create a profitable multi-channel pricing strategy.
Views: 222577 Small Food Business
Excel Magic Trick 285: Markup On Sell Price Formula
 
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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: 216236 ExcelIsFun
You Are Pricing Your Product WRONG! How to Determine Optimal Price for Profit
 
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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: 22331 Neil Patel
Pricing Strategy An Introduction
 
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An introduction to the subject of Pricing Strategy and an overview of some of the tools and theories available in connection with the determining of price of a product or a service. This video is aimed at marketing management students.
Views: 137344 Tine Wade
How to Sell Value vs. Price
 
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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: 142718 Brian Tracy
How to price a product | Pricing Strategy
 
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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: 3611 Alison Prince
Pricing Strategies - How to Price Your Product or Services For Maximum Profit
 
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Pricing Strategies - How to Price Your Product or Services For Maximum Profit // There's one simple thing that you can do to make more money. Can you guess what it is? Today I'm going to teach you how to price your product, or service for maximum profit. RESOURCES & LINKS: ____________________________________________ CrazyEgg: https://www.crazyegg.com/ How To Undercut Your Competitors Price (And Still Make Money) [video]: https://youtu.be/TLTL8mzkVLE You Are Pricing Your Product WRONG! How to Determine Optimal Price for Profit [video]: https://youtu.be/Tgnt7VUcvqw ____________________________________________ The first tip I have for you is looking at your costs. If you know your costs are X for your product or service, you got to charge more than that. You don't want to be losing money per sale. Everyone's like, oh my god I'm going to beat my competitors. I'm going to take the Jeff Bezos route and not worry about margins. Well, the reality is, unless you have a big pool of money to blow, you can't do that. You need to make sure it's profitable, including shipping, services, returns, other things like customer service, you need to take everything into account into your price, not just how much it costs for your product or service, but also all the other things like your office space. Once you include all of those things to run your business you'll figure out what you need to sell your product or service for, so you can make a profit. You're not in business just for charity. You need to make a profit and there's nothing wrong with that. The second thing you need to do is understand your target customers. What are your target customers looking for? How do they perceive value when they look at the price? A good example of this is a company called Diamond Foundry. They have figured out how to make diamonds above land. They match all the characteristics of a diamond that you find in the earth and there's really no difference from it. But they found they can do it much cheaper, by making it above land and created these machines to create the exact same composition as it does in the earth, to make a diamond. And when they had really cheap, affordable prices, they found that their sales weren't doing well. Can you guess why? It's because, everyone's like, oh this isn't the same thing, it's too cheap. So the moment they increased their prices, people like, oh wow, the quality of this must be amazing. Sure we'll buy it. There's no difference in the product, but people had the perceived value in their space, that higher price means better diamond. You need to look at your space. It could be that a cheaper price means more sales. Or it could be, cheaper price means fewer sales, because the perceived value isn't there. The third pricing strategy I have for you is anchoring. There's a lot of companies that'll show the initial price of let's say $37 and you may get X, Y and Z, but for $47 you'll get X, Y and Z and also 1, 2 and 3 and also A, B and C, just for $10 more. By using anchoring you'll find that very few people will choose a lower option, which you don't want them to choose, but the majority of the people use the higher option because you're getting so much more value for just a little bit more money. And that'll increase your profitability, especially if those other things that you're adding in don't cost you much at all. The fourth thing I want you to do is A/B test. Using tools like Crazyegg, you can A/B test your pricing, not only to maximize your sales, but also to maximize your profitability. Sometimes getting fewer sales means more profit. Sometimes getting more sales means more profit. Using Crazyegg you can A/B test to figure out what's the right price that you should end up rolling out to generate the maximum amount of revenue and profit. ► If you need help growing your business check out my ad agency Neil Patel Digital @ https://neilpateldigital.com/ ►Subscribe: https://goo.gl/ScRTwc to learn more secret SEO tips. ►Find me on Facebook: https://www.facebook.com/neilkpatel/ #Sales #NeilPatel #DigitalMarketing
Views: 11467 Neil Patel
Don't Make This Pricing Mistake: How to Price Your Products & Services
 
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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: 177503 Derek Halpern
Pricing Strategies: Cost-Based Pricing
 
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This revision video explains how businesses use costs as the basis for setting their prices. An example of mark-up cost percentages is used to illustrate cost-plus pricing.
Views: 14199 tutor2u
How to use Pricing Markup Formula with AliDropship plugin
 
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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: https://alidrop.sh/aldguide 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://help.alidropship.com/ #alidropship #aliexpressdropshipping #dropshipplugin #dropshipping #alidropshipplugin #wordpressdropshipplugin #moneyonline
Views: 13156 AliDropship
Pricing formula worksheet
 
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How to price your handmade goods for Etsy with a pricing formula worksheet
Views: 2135 Janet LeBlanc
WooCommerce Dynamic Pricing Plugin Tutorial
 
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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: 49007 Darrel Wilson
How to Price Your Handmade Products on Etsy | A Simple Formula
 
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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: 23388 Holly Homebody
How To Perfect Your SaaS Pricing Using The 10-5-20 Rule | Dan Martell
 
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Have you mastered the black arts of pricing your SaaS product? In this video, I’m going to share with you how to perfect your SaaS pricing in the early days using a simple 3 step framework. DOWNLOAD: Rocket Demo Builder™ - http://bit.ly/2szs5Dk Are you an entrepreneur? Get free weekly video training, invites to exclusive events and community contests: http://bit.ly/2xKcohX + Instagram (behind the scenes): http://instagram.com/danmartell + Facebook (live trainings + Q&A): http://FB.com/DanMartell + Twitter (what I'm reading): http://twitter.com/danmartell If nobody’s pushing back on your pricing… That’s a problem. You might be thinking: “But Dan.. isn’t it a good thing that everyone’s saying YES to my price without resistance? Why would I want to rock that boat?” Simply put: Without pushback, you’re leaving profits on the table and making your team complacent. Two things that you literally can’t afford to be doing in the early days of growing your SaaS company. If hearing this adds even more anxiety to your pricing decisions, let’s take a deep breath. I’ve got you covered. In this week’s video, I break down the 3-Step formula for nailing down the PERFECT pricing level that maximizes your profits, keeps customers happy, and creates a forcing function for you and your team to focus on creating massive value. At a high level, here are the 3 steps: 1. 10x value 2. 5% more 3. 20% pushback The 3 steps all build on top of each other to produce the coveted 10-5-20 rule. But if there’s ONE thing you pull from this week’s video to start adding immediate profits, it’s this: For the next 10 customers you talk to, raise the price of your software by 5%. And then please… whatever you do... play it cool when they say “yes”. Don’t kill the vibe by acting surprised ;-) The key here is to test the upper limit that your market’s willing to pay for your solution. And then keep testing until you find that line of resistance. Might make you sweaty palmed at first. But do what you can to stick it out. You owe it to your team, your product, and your bottom line. Give the full video a watch and then let me know how your next prospect responds to that 5% increase. Dan “profiting through pushback” Martell Don't forget to share this entrepreneurial advice with your friends, so they can learn too: https://youtu.be/LKh9VY_XooQ ===================== ABOUT DAN MARTELL ===================== “You can only keep what you give away.” That’s the mantra that’s shaped Dan Martell from a struggling 20-something business owner in the Canadian Maritimes (which is waaay out east) to a successful startup founder who’s raised more than $3 million in venture funding and exited not one... not two... but three tech businesses: Clarity.fm, Spheric and Flowtown. You can only keep what you give away. That philosophy has led Dan to invest in 33+ early stage startups such as Udemy, Intercom, Unbounce and Foodspotting. It’s also helped him shape the future of Hootsuite as an advisor to the social media tour de force. An activator, a tech geek, an adrenaline junkie and, yes, a romantic (ask his wife Renee), Dan has recently turned his attention to teaching startups a fundamental, little-discussed lesson that directly impacts their growth: how to scale. You’ll find not only incredible insights in every moment of every talk Dan gives - but also highly actionable takeaways that will propel your business forward. Because Dan gives freely of all that he knows. After all, you can only keep what you give away. Get free training videos, invites to private events, and cutting edge business strategies: http://bit.ly/2xKcohX
Views: 11773 Dan Martell
Pricing for Profit: A Simple Formula for Crafters
 
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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: 4928 CreativeLive
Is Your Product Too Expensive?  How to calculate price and cost.
 
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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: 46079 Mark Proffitt
How To Price Your Product | Pricing Strategies For eCommerce and Retail Sales
 
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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: 21807 John Santos
Pricing Your Product
 
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http://www.dotcomsecrets.com/blog/ || Tom Rich, VP of Marketing for DotCom Secrets and Russell Brunson shares priceless strategies on pricing your product for maximum profitability.
Views: 98872 brentcoppieters
Business Training Video on Price and Product Strategy (Hindi) by DR. Vivek Bindra
 
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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.
The 3 Most Common Mistakes When Pricing Your Product
 
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It is very important to know how to price your product properly. Too many entrepreneurs set themselves up for failure, the moment they add a price tag to their product or service. Knowing just a few key things will help you avoid this fate. 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: 5658 Thrive Themes
Full cost-plus pricing -  How to calculate price using full cost-plus method
 
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Learn to determine price of the selling product using full cost-plus method. Subscribe to learn more!
Views: 8654 Accounting Notes
How To Add Variable Pricing Product Options In WooCommerce
 
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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: 48600 Michael Grimm
Handmade Business - Pricing craft products made easy!
 
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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: 9297 Nicola Smith
Top 5 mistakes to avoid when pricing your handmade products
 
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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: 16230 Deborah Engelmajer
Drop Shipping Mistake #1 - Pricing Your Dropshipping Product
 
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• 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 :)
Food Costs Formula: How to Calculate Restaurant Food Cost Percentage
 
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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: 602883 The Restaurant Boss
How to Price Aliexpress Products for Profit | Aliexpress Drop shipping Pricing Rules
 
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► 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: 3809 Henry Hien
MS Excel (1/3) Product Info and Pricing using Formula
 
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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
Recipe Costing Made Easy (Food Service Mathematics)
 
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http://bit.ly/DrProfessorChef - In this video, Chef Colin Roche explains and shares a "Wicked Easy" method for costing and pricing a recipe. He specifically shows you the basic steps of recipe costing and demonstrates how to use a standardized recipe cost sheet, including how to get the plate cost, preliminary selling price and menu selling price. If you enjoy this video, please be sure to hit the like button and subscribe to this channel if you haven't already! Here is a link to the "Book of Yields" that is mentioned in the video - https://amzn.to/2FcvKwH Check out the "DrProfessorChef" logo merchandise line - https://teespring.com/stores/drprofessorchef-merchandise Check out the "Wicked Easy Cooking" logo merchandise line - https://teespring.com/stores/wicked-easy-merchandise-2 Website: chefroche.com
How to price your handmade products.
 
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Please watch: "Are essential oils and fragrance oils toxic? " https://www.youtube.com/watch?v=JuGOY8nGkvg --~-- How to price your handmade products to sell online, in a brick and mortar store or at a show. Pricing doesn't have to be difficult, but you do need to make sure you're getting paid for the full value of your product. www.unclejonssoap.com
Views: 26712 Uncle Jon's
The Pricing Formula
 
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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
The Marketing Mix - Pricing
 
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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: 28777 365 Careers
Markup Vs. Margin Explained For Beginners - Difference Between Margin and Markup
 
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#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: 105784 Easy Tech Tips
Manufacturer Price Sheet: Material, Labor, Overhead & Profit
 
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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: 34792 Ian Johnson
Worst case scenario planning when working on your product pricing
 
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If this video helped you to get some clarity about your product pricing and all the things you need to consider when working it out, you might also enjoy the online course at this link... http://melanie-brummers-academy.thinkific.com/courses/costing-pricing-your-products As soon as you implement what you have learned in this course, you will begin to make more money. #online #learning #learn #how #to #price #pricing #product #cost #estimate #quote #challenges #mistakes #estimates #course #worst #case #scenario #plan #planning #dyeandprints #melanie #brummer #formula #work #out
Views: 48 Melanie Brummer
Profit Markup vs. Margin - Simple Formula, Common Mistake
 
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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.
Cost Calculations Using an Excel Spreadsheet.mp4
 
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This video shows the cost calculations that are a part of the normal Econ 101 class. This is a normal part of the section that is often called the theory of the firm. It describes the process by which a price taker firm (a firm in pure competition) decides what quantity to produce given its costs and given some possible market prices that it will receive for the good it sells. This video uses tables to tell this story. Unfortunately this video is not an accounting video and will not be of much help in formulating a business plan. It is intended to explain one of the core sections of a principles of microeconomics class.
Views: 209541 mcneilecon
How to Price Your Cakes | Free Professional Cake Tips | Paul Bradford Sugarcraft School
 
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Struggling with pricing your cakes? Not making enough profit from cake decorating? Here are some helpful tips from David, who has over 10 years experience in the cake decorating industry. To learn more professional cake decorating advice, then follow this link to find out about our Pro Courses that are available:- http://www.designer-cakes.com/learn-to-run-your-own-cake-decorating-business Make sure you do not miss out on our latest videos, simply subscribe to our channel now - it's free after all! Want to see more? Why not check out our free selection of videos available exclusively on our site and join as a member for free. http://www.designer-cakes.com/free-online-cake-decorating-courses For more advanced cake decorating courses, join our site as a member for access to 100's of professional cake decorating courses. We have various different membership options available for as little as £9.95/ $16 per month. http://www.designer-cakes.com/membership-options
Views: 101249 Cakeflix
Pricing Strategies Series - How to Price Your Product or Service - Sales Training Course (1/10)
 
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Pricing Strategies Series - Introduction on How Much to Charge for Your Product or Service by sales trainer and motivation speaker Victor Antonio. In this video, get an overview of the different types of pricing strategies to use and why pricing is important to your profitability. -- More information at: http://www.VictorAntonio.com or http://www.SellingerGroup.com -- About Victor Antonio Author,sales trainer and motivational speaker Victor Antonio is proof that the American dream of success is alive and well.  A poor upbringing from one of the roughest areas of Chicago didn't stop Victor from earning a B.S. Electrical Engineering, an MBA and building a 20 year career as a top sales executive and becoming CEO of a high-tech company.  Prior to being CEO he was President of Global Sales and Marketing for a $420M company and Vice President of International Sales in a Fortune 500 $3B corporation at the time. He has shared his story of success in Europe, Asia, Australia, Latin America, The Caribbean, Saudi Arabia, South Africa, United Emirates and The Middle East. Victor has shared the big stage with some of the top business speakers in the nation including: Rudy Giuliani, Zig Ziglar, Dr. Robert Schuller, Paul Otellini (CEO of Intel), John May (CEO of FedEx Kinkos) and many other top business speakers. Victor is a proven communicator and motivator! http://www.youtube.com/watch?v=5IVpbmorLfE He has shared the stage with: Business Leaders: Paul Otellini, CEO of Intel Rudi Giuliani, Mayor, NYC John May, CEO of FedEx-Kinkos Great Speakers: Dr. Robert Schuller Martin luther King Jr III Zig Ziglar, Sales Motivational Speaker Celebrities Hill Harper, Author and Actor Keegan Michael Key, Show "Key and Peele" Haaz Sleiman, Actor, Star of Show: The Victim Russell Simmons, Author, Entrepreneur
Views: 35674 Victor Antonio
Flipkart Seller Commission Charges & Fees | Explained complete details in Hindi
 
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In this video you will know how to Sell on Flipkart with profit. explained in details on flipkart commission charges, Selling Fees, Flipkart Shipping Rate & Flipkart seller account status on performance. It is much important to know all the selling fees applicable on Flipkart before calculating your Product Selling Price.There are lots of different charges applicable on seller orders delivered to buyers. Before finalizing selling price must cross check for safeguard from any type of loss in business. We have give some tips to sell on flipkart and build profitable business. Earn from Home Zero Investment Business App: https://youtu.be/yepsv4omaME 👉Download Meesho App: https://meesho.com/invite/ZAAYEGA992 You can Check this link for Flipkart Rate Card https://seller.flipkart.com/ratecard Free Product Research Tool - http://bit.ly/JungleScout-SaleEstimator CHECK NECESSARY ITEMS TO START ECOMMERCE BUSINESS affiliate links given below. 👉Amazon Product Research Tool - http://bit.ly/AMZScout-Pro-Chrome-extension Inkjet multifunction Color Epson Inktank refill printer - http://amzn.to/2t1UUa1 HP InkJet All-in-One Printer- http://amzn.to/2tYCub6 Laser Black only HP Printer - http://amzn.to/2uq5dI9 HP G5 Notebook for startup- http://amzn.to/2vqrK59 Printing paper- http://amzn.to/2ttKQWJ MRP Labeller Gun http://amzn.to/2tfNDrb Amazon Branded packing material- http://amzn.to/2tXZAPo Non branded White packing bags - http://amzn.to/2nn7D49 Non branded packing Corrugated Box - http://amzn.to/2nz0K0q Bubble wrap - http://amzn.to/2ol3Wwz Tape dispenser - http://amzn.to/2nmWG2B Cutter Blade - http://amzn.to/2nncjH4 If you have any query, doubt or question about ecommerce selling write us in comment box. If you found this video informative Please like and share it. If we have added value to you by this video, Please do not forget to subscribe our channel Get More Update & E commerce guidance: https://goo.gl/THfEAc We provide Ecommerce suggestion, guidance, Tips & Tricks, Tutorials, Ecommerce News updates and all about ecommerce selling.
Views: 121095 ZaaYega Seller Gyan
Pricing Design Work & Creativity
 
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Confused about how to price creative services? Are you charging hourly versus value based pricing? Is there a better way to determine what is fair to you and fair to the client? Watch this video and see how much money you are potentially leaving on the table by not pricing the client. Price the client and not the job. 👉Subscribe: https://goo.gl/F2AEbk 🔥Watch the 2019 Update: https://youtu.be/ivKnj9ffcmE How much do you charge for designing a logo? Are you undercharging your creative work? Learn how to charge 10 times more for a logo. Pricing design services. Part 3 of Money Talk workshop. 3:40 Why logos are worth more to some companies than others? 5:40 Price the client not the job 7:45 What does Blind charge to design a logo? 8:25 How do you quantify/justify the hours to a client? 9:45 Paula Scher's approach 11:40 Pricing role play 13:20 Most entrepreneurs value time. Symmetry of logic. 21:20 Clients don't choose the best option. They choose the least risky option. _ Listen to our podcast on iTunes: The Futur https://itunes.apple.com/us/podcast/the-futur/id1152604340?mt=2 HOW TO SUPPORT THE FUTUR: Purchase a Kit: http://theskool.co/collections/all or subscribe to the secret and private Master mind group on Facebook with exclusive videos not released anywhere else. Use our Amazon Affiliate Link: http://astore.amazon.com/chrisdo-20 Buy useful design tools from Creative Market: https://creativemarket.com/?u=ChrisDo Get your business cards printed at Moo: http://www.moo.com/share/qn6x98 _ Connect with us online: http://thefuturishere.com https://www.facebook.com/theFuturisHere/ https://twitter.com/thefuturishere Need brand strategy help? Visit Blind LA’s WEBSITE: http://blind.com Connect with Chris Do: https://twitter.com/theChrisDo Twitter https://www.facebook.com/BizOfDesign https://www.instagram.com/thechrisdo The PROCESS Credits: Executive Producer– Chris Do Hosts– Chris Do Director– Aaron Szekely Cameraman– Aaron Szekely, Andrew Truong Producer– Aaron Szekely Editor– Aaron Szekely, Mark Contreras Show Open– designed by William VanSkaik, animated by Bara Kwon Translations: Mandarin Traditional— Angie Hu Mandarin Simplified—Siyu Lee Spanish— Pablo Del Mares === *By making a purchase through any of our affiliate links, we receive a very small commission at no extra cost to you. This helps us on our mission to provide quality education to you. Thank you.
Views: 1774666 The Futur
EEVblog #887 - The Economics Of Selling Hardware
 
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In this Fundamental Friday Dave discusses the economics of selling your own hardware. Both directly and through a distributor/reseller. Everything you need to know about pricing your product for your hardware startup. Cost Multiplier, Gross Margin Percentage, Markup, and Cost Of Goods Sold are all explained. Forum: http://www.eevblog.com/forum/blog/eevblog-887-the-economics-of-selling-hardware/ EEVblog Main Web Site: http://www.eevblog.com The 2nd EEVblog Channel: http://www.youtube.com/EEVblog2 Support the EEVblog through Patreon! http://www.patreon.com/eevblog EEVblog Amazon Store (Dave gets a cut): http://astore.amazon.com/eevblogstore-20 T-Shirts: http://teespring.com/stores/eevblog 💗 Likecoin – Coins for Likes: https://likecoin.pro/@eevblog/dil9/hcq3
Views: 96100 EEVblog
Crafting Boss Product Pricing Calculator
 
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https://www.craftingboss.com/pricing-calculator/ How should you price your crafts to sell? Are you charging too much, or too little for your crafts? HOW would you know?? With my FREE craft pricing calculator you can easily price your crafts to sell in-person, on Etsy, in your Shopify store, and more! In this quick video I'll walk you through using my pricing calculator, and give you some simple tips on how to price your crafts so that you can actually cover your costs and make some profits! For more great tools, workshops, and advice make sure you VISIT our website, JOIN our private Facebook group "Become a Crafting Boss" and LIKE our Facebook Page.
Views: 3683 Crafting Boss