🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

PRATHAM

 • 

Spotify • 1y

✨" Price On Value Not Cost " Elaborated🤌: 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 this survey ask people how much maximum they would pay ( I know many will say very low so in that case consider yourself, how much price do you think is actually worth). After getting ideal price from survey price it a bit higher and sell. Now what happens is when you apply this principle you will regularly try to improve your quality to get more profits and customers will be happy as well. Eg: If cost of making is $5 and you thought of selling it for $15 without any research and survey. After survey you got to know that your product is awesome and people are ready to pay $50 so you got profited right? This is how you can improve quality and do correct pricing with good and reasonable profit. 🚀📈 ( All of these are based on my opinion )

24 Replies
1
11
Replies (24)

More like this

Recommendations from Medial

Sumit Jha

Front-End Developer ... • 2m

Loneliness is the price that you pay when you start to improve yourself.

Reply
6
Image Description
Image Description

Adithyan Selvaraj

Building Staynix🏠 • 1y

Thought of pricing the product directly instead of striking out the higher price and show the lower price. For example, The product cost is posted as Rs.5000 ,striked it and the final price is Rs.2000. Do you think that strategy still works? I th

See More
4 Replies
8

Vishhal Pawar

Building the world w... • 9m

"Price is what you pay, value is what you get." - Warren Buffett #startup #untoldd #monday

Reply
6
Image Description
Image Description

Tarun Suthar

 • 

The Institute of Chartered Accountants of India • 1m

How to Calculate Product Cost, Set Profit & Selling Price - Using a Cost Sheet 🤔 Ever wondered how businesses actually price their products? It all starts with one simple but powerful tool: the Cost Sheet. 🚀🔥 Here’s how it helps: 1️⃣ Calculate

See More
8 Replies
52
34
1

Chirag Jain

Enthusiastic • 6m

Purpose of This Survey: This survey aims to understand the preferences and buying habits of men aged 23-35 in regards to shirts. We are interested in your thoughts on style, quality, price, and what influences your purchasing decisions. Survey De

See More
Reply

Chirag Jain

Enthusiastic • 6m

Purpose of This Survey: This survey aims to understand the preferences and buying habits of men aged 23-35 in regards to shirts. We are interested in your thoughts on style, quality, price, and what influences your purchasing decisions. Survey De

See More
Reply
Image Description
Image Description

Karan Sahu

Founder • 11m

Do anyone here use meetup app on daily basis or even monthly? How much value do you think it adds and where it can improve?

2 Replies
2
Image Description
Image Description

Ronak Patel

Here you go! • 11m

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

See More
9 Replies
5
12

Download the medial app to read full posts, comements and news.