Business Pricing Strategies
Course
Online
*Indicative price
Original amount in GBP:
£ 17 £ 99
Description
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Type
Course
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Methodology
Online
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Class hours
30h
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Duration
60 Days
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Start date
Different dates available
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Online campus
Yes
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Delivery of study materials
Yes
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Support service
Yes
Have you ever wanted to start a business selling a product or service? Ever stopped because you didn’t know how much to charge?
This course is designed to lead the student through the best practices for pricing products and services for the purposes of establishing an initial market value. In addition, students will learn how to monitor the market for trends, determine when a price adjustment is necessary, and maintain ongoing market research for application to products and services. If you’re thinking about starting a business, this course will start you on the path to planning and executing a smart, future-focused price point that will set your business on the path to a workable profit margin.
Facilities
Location
Start date
Start date
About this course
Some of the topics covered in the course include:
Considerations to Make When Pricing a Product
Pricing your Product
Pricing your Service
Making Pricing Adjustments
Continuing Practices for Price
No requirements.
Fully accredited by ICOES (International Council for Online Educational Standards).
Reviews
Subjects
- Market
- Market Research
- Planning
- Pricing Strategy
- Promotions
- Value-Based Pricing
- Profit Margin
- Price Adjustments
- Sales Trends
- Markup Pricing
Teachers and trainers (1)
Teaching Staff
Tutor
Course programme
1.1 Costs, Profits, and Pricing: How are they Connected?
1.2 When to Should Set the Price Point
1.3 When to Review the Price Point
1.4 Value-Based Pricing
1.5 The Relationship between Product and Price
Module 2 : Pricing your Product
2.1 Market Research for Products
2.2 Cost-Plus Pricing
2.3 Demand Pricing
2.4 Markup Pricing
2.5 Profit Margin and Future Planning
Module 3 : Pricing your Service
3.1 Market Research for Services
3.2 Determining Hourly Rates
3.3 Determining Contract Rates
3.4 Perceived Value vs. Profit Margin
Module 4 : Making Pricing Adjustments
4.1 How to Analyze Sales Trends
4.2 When to Make Adjustments to Price Points (and when not to)
4.3 Promotions vs. Price Adjustments
4.4 Increasing Price Graciously
Module 5 : Continuing Practices for Price
5.1 Ongoing Market Research
5.2 Maintaining a Profit Analysis System
5.3 Monitoring your Market’s Future
Business Pricing Strategies
*Indicative price
Original amount in GBP:
£ 17 £ 99