One of the most important things in business is pricing your products so that you make a profit. It is also one of the most difficult parts for new business owners. How do you go about pricing your products so that you can get a profit?
The answer is simpler than you think. When you start, the best thing to do is take all your supplies and double the cost to arrive at a price. The most important thing to do is to keep excellent records of all your supplies, including shipping costs and any fees for selling your products.
Use a price calculator to determine what you should charge and stick with that amount. Most entrepreneurs find it difficult to set a price. That is why I have come up with my own Price Calculator, and I want to share it with you.