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How to Price a Service or Product Correctly Pricing a service or product can be one of the most challenging yet essential aspects of running a business. Set the price too high, and you risk scaring away potential customers. Set it too low, and you may not make enough profit to sustain your business. The key is to find the right balance that meets your business goals, covers your costs, and attracts customers. In this post, we’ll walk you through the steps to price a service or product correctly, with a focus on understanding market dynamics, analyzing competition, and ensuring profitability.

3 months ago

Work and Entrepreneurship 4

How to Price a Service or Product Correctly 2025

Pricing a service or product can be one of the most challenging yet essential aspects…