Help pricing

[Leesparkykent]

Im not bothered what others charge. I know what my over heads are and how much I want to earn a day.

 

[JM ELECTRICAL]

Im not bothered what others charge. I know what my over heads are and how much I want to earn a day.

thats fair enough but if your struggling to decide what to charge or don't know where to start that is the best way to get a rough idea then go from there

 

[Octopus]

thats fair enough but if your struggling to decide what to charge or don't know where to start that is the best way to get a rough idea then go from there

Er no. You need to work out how much you want/need to earn after business expenses each day (and remember you need to earn enough for your tax and NI too). You could be surrounded by very busy poor fools!

 

[newtothis]

Pricing is as simple or complex as you want to make it.
Simple is Cost plus % profit you require.

The massive upside of that is you’ll never operate at a loss, provided you have the work.

The possible downsides of the above.

1) It doesn’t take the market into consideration.
I don’t understand know why you wouldn’t carry out some kind of competitor analysis in your initial market research, while not putting down those who don’t.

2) It doesn’t take the stage the business is at into consideration.
Eg start up. growth, maturity, or externals like whether you’re operating in a saturated market.

There is no ‘one method fits all’ approach.
You can’t compare a business that has to raise prices to control demand.
With a start up, eh ??

Question: from a customer perspective, why wouldn’t you seek out the business you perceive to have the lowest overheads, with the best customer services ?

 

[muzza1]

I always wonder about how people actually organise themselves when they have 1 full time job and want to do a job like sparking part time? A Sunday job goes off the rail and you have to work Monday - Friday - do you leave the client in the lurch for 5 days?

I also wonder about how many people actually want work done at the weekends only too? Most of my customers don't!

A manager (full time) at a supermarket registered with the niceic, not sure about that....