Business, Money, and Trading Blog

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Purchase Price Part 1

561 Purchase Price Part 1The first consideration for anybody who is thinking about owning a car is money. Most people can be reasonably certain about the cost of transportation without a car. People commute to and from work on the same predictable routes. Read the rest of this entry »

Well Sometimes Price Alternatives are Good Too

too expensive button1 Well Sometimes Price Alternatives are Good TooLet’s say that your business involves you selling home-made soaps. Because your product is unique and all of your scented, bubbly delights are lovingly created, they’re considerably more expensive than traditional off-the-shelf soaps.

Limiting yourself to one price range can lead to problems and you could find, as many gift shops do, that your shop is full of `Sunday browsers’ oohing and cooing over everything, but buying nothing. The problem here is often that the prices are just out of reach of the average impulse purchaser. Read the rest of this entry »

Your Findings

problem solving Your Findings This exercise is to show you that although you made an initial choice where to buy your item, there are other places you could buy it.

In business, these other outlets are called competitors, and to survive and compete  with our competitors we must be able to offer would-be customers a reason to buy  from us.

Why did you make that initial choice? Cost? Location? Or something else? Marketers  often refer to these reasons as a business’s Unique Selling Points (USPs). Read the rest of this entry »

Reason to Raise Your Products Price

As I told you before, I am going to write about reason to raise your products price soon after I made similar articles about raising the service fee. This confusion usually comes then the world oil price increases suddenly. It causes raising the distribution cost of raw materials that impact with higher price. Read the rest of this entry »

Reason to Raise Your Service Fee

Actually, I will also write about the reason why to raise your product price, but I think I will write the reason to raise your service fee first since the inspiration I got when I was looking at my friends that sell their service. Their biggest fear is to loss their customers while they are raising the service fee. Read the rest of this entry »