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Entrepreneurship

Branding & Marketing Series for Restaurant Episode 19 [Video]

Branding & Marketing Series for Restaurant Episode 19

Pricing is always a tricky subject. If we price our products too high, we risk losing customer demand whereas if we price them too low, we risk not making a profit at all. Therefore, there needs to be a fine line when it comes to pricing anything.
That being said, there are specific steps that you can follow in order to help in your pricing framework. First is setting price objectives. Why are you pricing a product the way you are pricing it? In other words, what is the objective behind that pricing decision? Is it profit-oriented, sales-oriented, status quo and prestige oriented?
Similarly, the second step is to estimate the demand accordingly. Establishing a premium restaurant with higher prices would mean that the demand will be less than that of a medium restaurant. Conversely, fast food restaurants will have a high demand due to the nature of the business.
Then, we move on to determining the cost. What are the expenses like? Expenses include fixed assets such as furniture and kitchen supplies and interior decors as well as variable expenses like rent, salary, marketing cost and so on. Understanding the cost and then putting a profit margin on that cost is a better way to see whether the price will be competitive in the market or not.
Then we also need to determine the pricing strategies that we want to use. We could either use a price skimming strategy where we raise the price from the start to cover up the investment cost or price penetration strategy which allows us to capture a lot of market share.
Using cost plus pricing, leader pricing, price bundling and so on are all part of giving an incentive to the people in order to capture their attention. We can later give them offer and make price adjustments as needed.

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Categories
Entrepreneurship

How To Start A Turo Business [Video]

#turo #turobusiness #turocarrentalHello, I am Tiajuana, and welcome to The Real Estate Apostle channel. I'm passionate about helping middle age adults like myself overcome the FEAR of leaving a comfortable 6 figure job to start a business. I'm eager to encourage my fellow Gen X to get off the treadmill working mentality and change our mindset to believe we can create our own wealth. Let's get started!Turo is a company that allows you to rent your car out to other people. In this video I will tell you how to make money on Turo, explore the pros and cons of participating on the platform, and give you some top tips on how to maximize your profit. If you want to launch a successful turo business in 2022, my video will help you get there.https://www.7figurescredit.com/?a_aid..https://cash.app/$MsTiajuanaThank you for watching!✅ 𝐈𝐟 𝐲𝐨𝐮 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬 𝐯𝐢𝐝𝐞𝐨, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐥𝐢𝐤𝐞 𝐢𝐭 𝐚𝐧𝐝 𝐬𝐡𝐚𝐫𝐞 𝐢𝐭.✅ 𝐃𝐨𝐧'𝐭 𝐟𝐨𝐫𝐠𝐞𝐭 𝐭𝐨 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 𝐭𝐨 𝐦𝐲 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐮𝐩𝐝𝐚𝐭𝐞𝐬.https://www.youtube.com/channel/UCQnvO9sNFY2xtX3XohurwZwFollow Me On:Instagram: https://www.instagram.com/mstiajuana/Facebook: https://www.facebook.com/Therealestaapostle/Find Your Drive: https://turo.com/us/en/drivers/25621681Suggested videos for you:1. Starting a Turo Car Rental Business - My Turo Experience as a Host | Turo Business https://youtu.be/aK-MJ55WK2k2. Start a YouTube Channel Business: The Lead Attorney's School https://youtu.be/1MM-hibi5Co3. New Turo Host - Turo Business Tips from an Experienced Host | Turo Car Rental Business https://youtu.be/av4lajIY4vI🔎 Related Keywords:turo,turo car rental business,turo car rental,turo business,car rental business,how to make money on turo,turo business 2022,turo host,turo tactics,turo tips and tricks,car rental,my turo experience,turo car rental tips,car sharing business,turo rental car business,how to start a business,business,entrepreneur,entrepreneurship🔎 Hashtags:#turobusiness2022#entrepreneur#entrepreneurship#changeyourlife#business#generationx

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Entrepreneurship

Expats, Entrepreneurs & Dreamers: How to Build a Thriving Business in France [Video]

Starting a business in a foreign country can be a daunting yet exciting experience. For expats and entrepreneurs, France offers a vibrant market, a rich cultural heritage, and numerous opportunities for business growth. However, navigating the legal, financial, and cultural landscape can be complex. This guide will walk you through the essential steps to help you build a thriving business in France, from understanding the local market to securing insurance.