Tuesday, June 20, 2017

Figuring Out Pricing and Business Model


It can be overwhelming to think about needing to come up with a correct business and pricing model for everything up front.  So, chunk it up and chunk it down.

  1. Who are your customers? People who you will be selling to.
  2. Find out what they value, budget and ask them how they think about it so you can understand how to price in their terms
  3. Start from somewhere/ start with one, you can change your pricing along the way as you figure more things out
  4. Find out the time and resource cost versus price to figure out how to most efficiently spent your time and where you concentrate your time when building your business
  5. Consider income now and income potential, and also of course, consider impact and if the day to day is how you want to be spending your time for the route you choose