Pricing Help

After incorporating your business you have a number of things to iron out. Pricing your business products and business services might be something you don’t quite know how to go about.

How can you get started?

Here are a couple resources you can use to get an idea what your business products and services should be selling for.

1. EBay. Everything possible has been tried on EBay and chances are that exactly what you’re selling – or something very similar to what your business is sellign is available on EBay. Ebay prices on new items are initially a little higher than market value until everyone else gets ahold of them and then the price plunges to bare-bottom margins. You’ll be able to see what the rock bottom prices are for consumers buying products and services you have on EBay.

Don’t be afraid! The prices are scary low on EBay and that’s because there are “business people” that have as a model, buy heaps of items direct from the manufacturers and sell them for the absolute minimum profit – just to undercut everyone else. EBay is bizarre like that – you’ll see prices you can’t believe, and sometimes you can’t believe them as there are a lot of scammers there. Look at the baseline that you see most people selling for and then use that as the price you compare against. Ignore the outliers selling for hundreds of dollars less than the rest – they are likely scammers.

2. On-site Polls. If you happen to have a WordPress blog as your business website you’re in luck. There are a number of excellent Poll plugins – free and with many options you can configure. Use them to query your business website visitors to see what prices they’d be willing to pay for various items and services.

3. Other Sites. You can write to the owner of a very popular blog with a lot of visitors and offer to pay them to allow you to write a post including a poll to query that blogger’s web visitors about prices they might be willing to pay for products and services like your business offers.

4. Twitter. We’ve used Twitter a number of times already to ask our followers about prices they’d be willing to pay for items we sell. If you don’t have the luxury of a large group of followers on Twitter you can offer to pay someone that does to tweet a couple of queries for you.