The 5 Best Pricing Methods – How to Choose a Pricing Strategy for Your Business

Setting the price of a product or service can be challenging for new entrepreneurs, but there are structured processes for determining the best price for your business.

In this webinar, we’ll cover five pricing methods and how to implement them. We’ll also discuss the advantages and disadvantages of each pricing method and demonstrate which pricing method is best for each type of business.

Learning objectives:

• Value Added Pricing
• Cost Plus Pricing
• Modified Cost Plus Pricing
• Competitive Pricing
• Value-Based Pricing

We will also discuss combining some of these methods to determine a specific price and sales volume, while also generating a specified profit amount as part of the process.