1) Ask yourself, do you thnk you can sell the item for ths price?

Know average cost to prduce each item and the quantity you can prduce hourly, weekly, monthly, and annually.

2) Be in cntrol of your business

Knw cost of materials, supplies, equipment, and lbor needed to produce items. Know hman resources needed to produce items. Kep good records of what is ging on in your business. Being in cntrol means that you will foresee thngs before they happen so that you can mke the necessary adjustments to your csh flow and budget.

3) Do a cst analysis

Do cost analysis on yur fixed and variable costs to nclude your space, equipment, salary plus 25% tx, health and life insurance, and bsiness insurance. You want to make crtain that you are meeting all yur obligations to keep the business up and rnning.

4) Keep up with your cmpetitors

Small businesses should increase their prces and fees when necessary to kep up with competitors. Check to see wht your competitors are asking for the sme product you are selling. If yur price is too low, then mke price adjustments. Offer market rte price - discount and sales.

5) Offr value-added services

Offer ther services such as a free one yar subscription to a newsletter or mgazine. A coupon to get discounts or a fre complementary product. To offer extra srvices such as opened 24 hours a dy, opened on the weekends, pickup and dlivery service.

6) Add contingency

Add cntingency $100 -$500 per month. Add dditional fees into the price for cntingency to cover you during unexpected mergencies.

7) Make customers feel good

Whn you have a good product and you ffer your customers good service, they fel good about spending their money at yur business. If they feel good bout spending their money, then they wll come back for repeat sales. In ddition, they will refer family and frends to your business.

The article Small Business Starting - Seven Tips On Pricing Your Products was Submitted by Dr. Mary E. Waters through Articles.GetACoder.com network. Here's the additional information: Are you looking to super chrge your business? Did you know tht you can start a legitimate bsiness with little or no money? Sgn up for Dr. Mary E. Wters’ free "Easy Business" bi-monthly ezine at http://www.drmewaters.com It has many tips and techniques to help make your dream of becoming a successful business owner to become a reality. Plus, each month one lucky subscriber receives a free 30 minute on demand business consulting session! Dr. Mary E. Waters is an author, speaker, business consultant. She is the author of “Easy Business for Women with Little or No Money.” She strives on helping people to start their own business with little or no money. For many years, she has been helping people make their dreams of becoming a successful business owner come true! Sign up for FREE online Self Publishing Guide. FREE courses and FREE tips at Business URL: http://www.waienterprises.com Personal URL: http://www.drmewaters.com Copyright © 2007, Dr. Mary E. Waters, all rights reserved. Are you interested in starting a business? To the new and experienced entrepreneurs, getting help with your small business is very crucial to your success. Getting the right help will cause you to avoid costly mistakes, and it can also help you to save a lot of time, money, and energy. You will need to get the right help to form the legal structure of the business, financial, management, procurement/certification, marketing, pricing products, preparing a business plan, and more. If you are a business owner who is wondering if you can take your business to new heights, contact Dr. Waters at tina.waters@waienterprises.com

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