It is very important to know how to price your product properly. Too many entrepreneurs set themselves up for failure, the moment they add a price tag to their product or service. Knowing just a few key things will help you avoid this fate.
In this video we're talking about 3 common mistakes that you need to avoid when pricing your product:
- Mistake #1 is trying to compete on price - It occurs when you don't know how much your product is worth...
So you just take a look at your competitors and think "I'm going to price my products lower than they do, so their customers will choose me instead".
- Mistake #2 is setting the price based on your type of product. So, you're thinking "Hmm, I guess this should cost THIS much...?".
- And finally, mistake #3 is not giving people to oportunity to give you more money (even when they want to).
Watch the video to find detailed answers for these questions, along with simple examples why you shouldn't price your product based on these factors.
Also, check out the full blog post + 2 bonus tips here: https://thrivethemes.com/pricing-mistakes/
For eBooks, such as workout or meal plan eBooks, do you recommend having the sales and checkout process through our own site, or should we go through something like ClickBank? Are there pros and cons to ether?
There are pros and cons to either, yes. In short, "self hosting" the payment and checkout gives you more control and lets you do things like A/B test your checkout page. It usually also costs less in fees. But using a 3rd party tool is usually easier to set up and you don't have to bother with SSL, technical stuff and VAT regulations.
Need more of this instead of your stupid thrive themes how to's! J/K - thrive agency subscriber here! Seriously though, I found this vid from the URL in the highest converting long form sales page template, make a playlist of your business advice content! This was great!
Thank you for these tips! I made a lot of those mistakes when I was starting out. I can't forget the one where the customer uses the "I promise I will send a lot of referrals your way" in order to get a huge discount.
Looking for a great fundraising idea for your school, church, sports group or non profit? There is no shortage of options.
Below you will find more than 44 proven fundraisers to consider, ranging from product sales to online fundraisers to events proven to raise money. Youll also find fundraising e books, thermometers, widgets and reviews.
The one thing we have learned helping thousands of groups raise money every year is that you have limited time and resources to spend raising capital. Thats why were glad youre here. We provide all the data you need to make the best decision for your group. We make it easy to choose an easy fundraising idea that is the best option for your organization.
School Fundraising Ideas.
Almost every school could use some financial assistance now and then. When those needs pop up most start to research the best fundaising ideas for schools. It doesnt matter whether its elementary, middle or high school. It could even be preschool. Many budgets fail to cover all the costs associated with offering sports programs, clubs, events or class trips.
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Non Profit Fundraisers.
7 Essential Steps to Raising Money by Mail with Sample Fundraising Letters.
Many non-profit organizations can benefit from a well-planned ongoing mailing program. Our complete guide takes you step by step through building your mailing list, writing a letter that get results, and thanking donors for their gifts.
Maximize your next charity fundraiser with secrets from top charity auction experts.