If you’ve hesitated against buying the Food Product Cost and Pricing tool, check out this independent third-party review by Cookie Connection, the premier website for cookie designers both professional and amateur. Just to be clear, this was not a paid review and I did not have access to the review before it was published. The article series, talking about how to cost out your products, is phenomenal and well worth a read.
Posts tagged ‘how to price your products’
Yesterday we talked about classes of trade and today we’ll start walking through each of those to get a better understanding of what you need to take into account pricing-wise at each step to ensure that you’re making money through all of the steps. First up, selling direct to customers. Whether it’s online, at farmers’ markets or festivals, special events like catered functions, maybe you have your own mail order catalogue, or 101 other avenues, this is typically one of the ways small food businesses sell their products and make money. So let’s take a look at selling direct and see how you figure out a retail price point for your products. Read more
Do you even have a pricing strategy? Or do you simply price based on what you think people will pay and hope for the best? There was a great article in last week’s New York Times Small Business section that talks about things entrepreneurs should take into consideration when determining the price for their products.