Not sure about raising the prices of your products or services? Not sure what effect the price rise will have? A study across 1,200 major businesses found that a 1-2% increase in price, assuming demand remained constant, on average would have increased the company’s Profit by 11%!!
Step through these articles in 12Faces and learn about rapid Profit increase and longer term pricing strategies. Learn about raising the price with confidence.
The 80/20 principle asserts that 80% of your Sales will come from 20% of your products. Intrigued? Also, 20% of your time produces 80% of your gain. Even more intriguing. The articles tagged below will show you how to implement this into your business.
Raising the price on your products or services will see your Profits grow and your productivity soar.
17Oct
SM1.0 How 1% Price Change Gave 11% Profit Increase
Price is a major determinant of the profitability of your business! A price change of as little as 1% can often lead to profit increases of up to 11%. A consultant study across 1,200 major businesses found that a 1-2% increase in price, assuming demand remained constant, on average would have increased...