Whatever you need to know about the pricing systems
Okay! So, in this module, we will discuss the concept of pricing and packaging. Pricing is a crucial part of your business, if it’s too high, you will lose so many potential customers and if it’s too low you will lose your benefit. So, picking up the perfect price for your business is very important. Moreover, pricing is like ship wall density i.e., if the density is too thick, your ship will sink and if the density is too thin, then its wall may break. So, it’s very important to have a proper ship wall density in order to avoid any sinking or any damages done to the business. It was also mentioned earlier that the sea is like your market so, the first touch of the water would be to the wall of the ship. It means that the first thing that the customer will attend would be the pricing. So, in this module, we will learn the ways to find the perfect price and it will be based on two different methods. The first method is cost-based pricing and the second method is value-based pricing. Afterward, we will compare the competitor price. With these two methods, findings we will find the proper price of your product in this market.
