Hey everyone.
IDEA VALIDATION!!!
I want to build an app for workers like plumbers, carpenters, painters, etc. that can be called in order to do fix little things like in a day to day life basically to provide a service in return of money.
Selling at cheaper price can be great for attracting customers but there your margin will shrink. You can't only play in pricing, try to focus on cost optimisation, distribution and other unique offerings.
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Ronak Patel
Here you go! โข 7m
Wth is CM1, CM2????
CM - Contribution Margin
Contribution margin is the selling price per unit minus the variable cost per unit.
CM1 =
Contribution margin one= selling price- material costs - logistics costs.
CM2=
Contribution margin two= sellin
Pricing Strategies:-
1. Cost-Plus Pricing: Adds a markup to production costs.
- Example: A $10 product sold for $15 ensures profit.
2. Value-Based Pricing: Prices reflect perceived customer value.
- Example: Apple charges premium rates for i
in previous some post I had posted an idea of creating edible food packing and got good response from everyone.
Now here's come the pricing problem a batch of creating a 100 450ml container cost around 2680rupees, which make the price of each contain
Planing to start a own clothing brand need investors.
Mentioning below all the points which makes unique and different from other brands and which can also make this brand grow faster.
1) Unique designs and Custom designs.
2) Cheaper than all the ot
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Chetan Vairat
Entrepreneur โข 7m
What are your thoughts on opening a recruitment consultancy with a unique selling proposition (USP) focused on offering competitive rates, rather than the standard 8.33% fee?
By differentiating ourselves through more attractive pricing, we aim to a
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Sandip Kaur
Hey I am on Medial โข 6m
The Psychology of Pricing: How to Set Prices That Sell
Pricing isnโt just about numbers; itโs about psychology. Understanding how people think can help you set prices that not only attract but also convert. Hereโs how:
1. The Power of โ9โ: Ever wonde
There are 10 ways to evaluate Market.
1. Urgency.
How badly do people want or need this right now?
2. Market Size.
How many people are purchasing things like this?
3. Pricing Potential.
What is the highest price a typical purchaser would be w
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Vikram
Btech โข 6m
What about Idea ๐ก
Like many company selling water just changed branding like bisleri , bisleri etc.
so can we start a water distribution company but in this we promote diffrent brand on bottle sticker and do branding on bottlea . so that brand have
โจ" Price On Value Not Cost "
Elaborated๐ค: Startups should price the product based on Value not cost. What this mean is, don't just price above the making cost instead you should price on Value.
You can do this by doing surveys for PMF.
In thi
My startup idea: i just came over a instagram reel where people making corn starch plastic bags (barat compostables ) which is biodegradable and not toxic for environment. But the only thing is the price. Middle class and poor are getting toxic plast