Starting Your Own Business: Become an Entrepreneur! by Adam Toren & Matthew Toren
Author:Adam Toren & Matthew Toren [Toren, Adam]
Language: eng
Format: azw3
ISBN: 9781119271789
Publisher: Wiley
Published: 2017-03-09T05:00:00+00:00
DECIDE HOW MUCH TO CHARGE
One of the first money-related tasks you have when starting a business is deciding how much to charge for your product or service. This can be a bit tricky. You want to charge enough to make a nice profit, but if you charge too much, no one will buy from you, so you won’t make any money at all. Striking a balance somewhere in the middle is your goal.
A lot of factors can go into deciding how much to charge your customers, but two factors are most important:
Competition
Costs
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