Ask Clay Anything: What Are Your Rules for Raising or Lowering Prices?
In business you will have to know when to raise or lower your prices in order to stay competitive. This can be a stressful aspect of business so if you find yourself in this scenario you need to listen in to this segment of the Thrivetime Show as business coach Clay Clark teaches you what you need to know.
- NOTABLE QUOTABLE – “Pigs get fat and hogs get slaughtered.” – Doctor Robert Zoellner
- RULE #1 – Create a bankable profit margin (20%-25%).
- RULE #2 – Attempt to sell 100 somethings at that price.
- RULE #3 – Don’t ask family and friends for their help when pricing your items.