Made for Profit

MFP 012: Pricing – Pricing Methods

Listen Later

Today we’re onto our 2nd part of our Pricing series.  We’re going to talk about the nuts and bolts, the down and dirty, how to come up with a price for your products.  We’ll walk you through several methods and give you some of the pro’s and cons of each to help you price your products better.

Support us on Patreon! www.patreon.com/madeforprofit

Key Takeaways
  • Priceing strategy is not based on a “one and done” cookie cutter method. You need to understand multiple aspects of how the market works in order to win.
    • Market Price
    • Cost price
    • Labor rate (day rate)
      • Homework
      • Make a pricing spreadsheet in some form for your products using your known labor and costs
      • Know what “levers” you can pull to change the price

        • Sign up for our e-mail list to get the one page downloadable MFP Instagram Playbook.

        Show links may contain affiliate links which help support the show

         

        The post MFP 012: Pricing – Pricing Methods appeared first on MADE FOR PROFIT.

        ...more
        View all episodesView all episodes
        Download on the App Store
        Made for ProfitBy Brad Rodriguez & John Malecki
        • 4.9
        • 4.9
        • 4.9
        • 4.9
        • 4.9

        4.9

        598 ratings

        More shows like Made for Profit

        View all
        The Joe Rogan Experience by Joe Rogan

        The Joe Rogan Experience

        229,363 Listeners

        The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

        The Smart Passive Income Online Business and Blogging Podcast

        3,444 Listeners

        The Orvis Fly-Fishing Podcast by Tom Rosenbauer, The Orvis Company

        The Orvis Fly-Fishing Podcast

        1,926 Listeners

        The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

        The Side Hustle Show

        1,589 Listeners

        Making It With Jimmy Diresta, Bob Clagett and David Picciuto by I Like To Make Stuff

        Making It With Jimmy Diresta, Bob Clagett and David Picciuto

        1,682 Listeners

        Pioneering Today Podcast - Homesteading in a Modern World by Melissa K Norris

        Pioneering Today Podcast - Homesteading in a Modern World

        967 Listeners

        Wood Talk | Woodworking by The Wood Whisperer

        Wood Talk | Woodworking

        1,532 Listeners

        The MeatEater Podcast by MeatEater

        The MeatEater Podcast

        38,077 Listeners

        Modern Craftsman by Modern Craftsman

        Modern Craftsman

        1,138 Listeners

        Wet Fly Swing Fly Fishing Podcast by Dave Stewart

        Wet Fly Swing Fly Fishing Podcast

        513 Listeners

        Shop Talk Live - Fine Woodworking by FineWoodworking.com

        Shop Talk Live - Fine Woodworking

        1,314 Listeners

        Growers Daily by Farmer Jesse

        Growers Daily

        404 Listeners

        Backcountry Hunting Podcast by Joseph von Benedikt

        Backcountry Hunting Podcast

        1,181 Listeners

        Troutbitten by Domenick Swentosky

        Troutbitten

        913 Listeners

        Bellied Up by You Betcha Guy & Charlie Berens

        Bellied Up

        1,120 Listeners