Pricing Your Products and Services in a New Small Business | 3 Examples [Video]

Looking for the best (and easiest!) way to price your products or services? It is one of the most critical pieces in your small business. It doesn’t have to be confusing. Let’s break down how to price your products or service so you capture your cost of goods sold, and your expenses and make sure you get paid correctly in your business!

KEY MOMENTS IN THE VIDEO:

00:00 How to Price Your Products and Services
00:35 This isn’t a Race to the Bottom
01:21 The #1 Calculation to Help You Price Correctly
02:41 Examples of Figuring Out Your Cost of Goods Sold
05:10 Examples of Pricing Your Labor Correctly
07:36 How to Figure Out Your Expenses in a New Business to Price Right
10:30 Were they Profitable?
12:04 Did this Dog Groomer Price Correctly?

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Want to Dive in Deeper & Learn More About Your Numbers

👉 Grab Your Free Know Your Business Numbers Reference Guide: https://babolearning.com/KYBNReferenceGuide
👉 Check Out the AFFORDABLE – Know Your Business Numbers Course http://KnowYourBusinessNumbersCourse.com

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Want more? Here are some other videos to help…
👉 Pricing Your Products Correctly – https://youtu.be/AQ_mUb1E9MQ
👉 Pricing Your Services Correctly – https://youtu.be/doAKxyRa4pM
👉 How to Read a Profit & Loss Statement – https://youtu.be/x6qdKGnWE0w

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PLAYLISTS TO CHECK OUT:
👉 Learn How to Read Your Profit & Loss Income Statement: https://www.youtube.com/playlist?list=PLkSR9dYanvV1YssoiyqLBUlgxYy2hYADj
👉 PLAYLIST: Pricing Your Products & Services https://www.youtube.com/watch?v=X89AFodPA3U&list=PLkSR9dYanvV0yWIzfFldB1sGx7Dfmn3Do3
👉 PLAYLIST: Learning Your Business Numbers Better: https://www.youtube.com/playlist?list=PLkSR9dYanvV1tPjNcLppOPDDBn6i4Sdzw

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FREE GUIDES / TOOLS

👉 FREE eGuide: 8 Steps to Earning $100,000 in Income in your small business – http://bit.ly/8Steps100k
👉 FREE eGuide: How to Read a Profit & Loss Statement – https://bit.ly/ReadPL
👉 FREE Start Up Guide for Starting a Business – https://bit.ly/BusinessStartUpGuide
👉 Free Business Health Check: https://localsmallbusinesscoach.com/businesshealthcheck
👉 Free eBook: 10 Questions to Ask in Your Business https://bit.ly/10QuestionsBiz

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👉 Check Out the Website: https://babolearning.com
👉 Listen to the Badass Business Owner Podcast
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COURSES to HELP YOU

👉 Understanding Your Business Numbers – http://KnowYourBusinessNumbersCourse.com
👉 Start a Local Small Business – http://StartASmallBusinessCourse.com

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👉 Want to Help Support the Channel? Click the Super Thanks! 

👉 DISCLAIMER on Affiliate Links: I occasionally will have some affiliate links & I do earn a small commission but at no cost to you. I only recommend companies or items that I believe will save you time, money or help make your business better

👉 DISCLAIMER: I am not an attorney, CPA, bookkeeper, insurance agent or financial advisor. My videos/podcast are for entertainment & educational purposes only and should not be construed as tax, legal, insurance or financial advice. Please seek out a qualified CPA, attorney, or specialist as needed. I’m sharing my experiences with my businesses and those I have worked for and/or helped coach.

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Local Small Business Owners are the Backbone of All of Our Communities!

WHO IS THIS FOR: small business owners who serve their local community, local small business owners, service based business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, carpet cleaners, window cleaners, ice cream shops, QSRs, restaurant owners, mechanics, plumbers, electricians, real estate agents, dog groomers, franchisees, tradesmen, appliance repair, dog walkers, insurance, pet business owners, cake makers & those looking to increase profits, boost sales, improve processes and develop stronger teams. Entrepreneurs who want to make more money. Those who want to know their business numbers better!

#BABOLearning #KnowYourBusinessNumbers #BadassBusinessOwner