COURSES / BUSINESS

Business Pricing Strategies

$ 119

SIGN UP NOW!
  • Internationally Accredited by ICOES
  • Fully CPD/CE Certified
  • Instant Free PDF Certificate
  • Recommended by 95% of Students
  • 24/7 Access
  • 4209 Students Enrolled

ABOUT THIS COURSE

Never sell yourself short! Find out how to attract the right customers and get the price you deserve for your business


Do you want to start your own business? Or work for yourself? Do you know how much to charge? How to put a value on your products or services?

For many people, one of the most difficult parts of starting up a business is deciding how much to charge consumers for your product or service. The challenge of this comes from the delicate process of avoiding business failure.

To make money on a startup, you need to make enough money to cover the costs of running the business and bring in a surplus, which is your profit. No one starts a business to break even!

Charging too much or too little makes you uncompetitive in the market, and will likely determine whether or not the startup business will fail. Charge too much and your target market may look elsewhere for more cost-effective options. Charge too little and you may lose money. Because of this, choosing an initial price point is a decision that plagues many new business owners.

WHAT YOU’LL LEARN

This course is designed to lead the student through the best practices for pricing products and services to set an initial market value. In addition, you will learn:

  • How to monitor the market for trends

  • The relationship between costs, profits, and pricing

  • Determining the value of the product or service

  • The differences between pricing products and pricing services

  • Common pricing methods

  • Determine when a price adjustment is necessary

  • Conducting ongoing market research

  • How to monitor the future of the market for the product or service

 

This course is ideal for those who:

  • Want to start a business  

  • Have already started their business, but feel their pricing is not ideal

  • Are managing or leading a small business

  • Are looking to increase their knowledge of small businesses

  • Everyone who is interested in all aspects of creating and successfully running a small business

 

Trendimi courses are designed for anyone with an interest in learning. No formal qualifications are required. Our courses are suitable if you want to learn new skills, start a new career, or if you’re already working in a particular industry and wish to upgrade your talents and enhance your resume.

To receive certification, you must:

  • Complete every page of the course

  • Pass the exams with a minimum score of 55% for each (each module includes a test based on key learning objectives in that study topic)

If you meet this criteria, your certificate of successful completion will be emailed to you immediately after you finish the course

You will also have the option to order a hard copy certificate directly from ICOES. (www.icoes.org)

This course is CPD/CE accredited. Our CPD accredited courses count towards the total of CPD hours to submit for your job role. CPD points are accepted and recognized by employers from both the public and private sectors, and academic institutions across the UK and internationally.

Module 1: Considerations To Make When Pricing A Product
  • Costs, Profits, and Pricing: How are they Connected?
  • When to Should Set the Price Point
  • When to Review the Price Point
  • Value-Based Pricing
  • The Relationship between Product and Price
Module 2: Pricing Your Product
  • Market Research for Products
  • Cost-Plus Pricing
  • Demand Pricing
  • Markup Pricing
  • Profit Margin and Future Planning
Module 3: Pricing Your Service
  • Market Research for Services
  • Determining Hourly Rates
  • Determining Contract Rates
  • Perceived Value vs. Profit Margin
Module 4: Making Pricing Adjustments
  • How to Analyze Sales Trends
  • When to Make Adjustments to Price Points (and when not to)
  • Promotions vs. Price Adjustments
  • Increasing Price Graciously
Module 5: Continuing Practices For Price
  • Ongoing Market Research
  • Maintaining a Profit Analysis System
  • Monitoring your Market’s Future

RECEIVE YOUR CERTIFICATE IN 4 SIMPLE STEPS

Step 1

Register

Follow the easy peasy enrollment process

Step 2

Study

Absorb and remember course content with our easy-to-follow, structured information and helpful illustrations. And yes - you can study anywhere, anytime, from any device

Step 3

Evaluations

Reinforce your learning with quizzes at the end of each module

Step 4

Certification

Once you’ve successfully completed your course and passed the exams, you’ll receive your certification. Congratulations on your amazing achievement!

Module 1: Considerations To Make When Pricing A Product
  • Costs, Profits, and Pricing: How are they Connected?
  • When to Should Set the Price Point
  • When to Review the Price Point
  • Value-Based Pricing
  • The Relationship between Product and Price
Module 2: Pricing Your Product
  • Market Research for Products
  • Cost-Plus Pricing
  • Demand Pricing
  • Markup Pricing
  • Profit Margin and Future Planning
Module 3: Pricing Your Service
  • Market Research for Services
  • Determining Hourly Rates
  • Determining Contract Rates
  • Perceived Value vs. Profit Margin
Module 4: Making Pricing Adjustments
  • How to Analyze Sales Trends
  • When to Make Adjustments to Price Points (and when not to)
  • Promotions vs. Price Adjustments
  • Increasing Price Graciously
Module 5: Continuing Practices For Price
  • Ongoing Market Research
  • Maintaining a Profit Analysis System
  • Monitoring your Market’s Future

100% AUTHENTIC STUDENT TESTIMONIALS

Love Trendimi! Learn at your own pace. No pressure with teachers or other students. Can do your practice in a comfortable environment. You can even print your certificates at home, because you just can't wait! Lisa Michalski - Canada

I loved the course so much that I decided to purchase the Lifetime Access Package! The courses are informative and interesting. The format is very user-friendly which is important to me. I am looking forward to continued learning with Trendimi! Kay Rose - United States

Love Trendimi! Learn at your own pace. No pressure with teachers or other students. Can do your practice in a comfortable environment. You can even print your certificates at home, because you just can't wait! Lisa Michalski - Canada

I loved the course so much that I decided to purchase the Lifetime Access Package! The courses are informative and interesting. The format is very user-friendly which is important to me. I am looking forward to continued learning with Trendimi! Kay Rose - United States

$ 119

SIGN UP NOW!
  • Internationally Accredited by ICOES
  • Fully CPD/CE Certified
  • Instant Free PDF Certificate
  • Recommended by 95% of Students
  • 24/7 Access
  • 4209 Students Enrolled
SIGN UP NOW!