Here's a knotty problem.
How do you set your price? Do you charge what your competitors are charging, or maybe a little less? What about a simple mark up on your costs? Simple, if you have a product to sell, not so easy if you're a service provider. What about saying 'OK, I want to earn £xxx a month. I can do three jobs per month, so will charge £x per job and earn enough'
How do you set your price? Do you charge what your competitors are charging, or maybe a little less? What about a simple mark up on your costs? Simple, if you have a product to sell, not so easy if you're a service provider. What about saying 'OK, I want to earn £xxx a month. I can do three jobs per month, so will charge £x per job and earn enough'
All valid ways of working out your price. BUT, what if you can't find out what your competitors are charging, what if you have nothing in the market to compare it with, what if...?
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