SME Lab.co

Ever wondered if your pricing is making a profit or raking in losses?

This tutorial is for you!

Learn how to price that new product or service with me!

When pricing a product, you should consider everything you use directly or indirectly to produce and sell that product to your customer. Even if you are a service provider, you should be able to identify all your inputs so you can correctly capture your cost.

These costs include:

💥Raw materials
💥Salaries
💥Cost of the equipment you use
💥Power
💥Transportation
💥Other expenses

Let me know in the comments if you have been leaving out any of these things when deciding on the price to sell that product or service for!

Ever wondered if your pricing is making a profit or raking in losses? This tutorial is for you! Learn how to price that new product or service with me! When pricing a product, you should consider everything you use directly or indirectly to produce and sell that product to your customer. Even if you are a service provider, you should be able to identify all your inputs so you can correctly capture your cost. These costs include: 💥Raw materials 💥Salaries 💥Cost of the equipment you use 💥Power 💥Transportation 💥Other expenses Let me know in the comments if you have been leaving out any of these things when deciding on the price to sell that product or service for! #pricinggoods #pricingproducts #PriceforProfit #pricing #pricingsimplified

I have great news!

I will be going live this Friday at 8pm Nigerian time (WAT or UTC+01:00) with Uzo, the founder of 🤸‍♀️🤸‍♀️🤸‍♀️. Loom Chocolate is a Nigerian chocolate company making exceptional chocolate in Nigeria. Uzo transitioned from being a full-time employee to running her own business a few years ago.

It promises to be an entertaining and enlightening conversation, so if you are looking to start a business or you are running your own business, or you just want to know how Uzo transitioned from being an employee to an entrepreneur, mark your calendar and set your alarm for 7.55 p.m. this Friday as you do not want to be late for this conversation.

See you there.... 💯

Remember to click on the link in my bio for a FREE ebooks to help you evaluate your business idea(s) in 9 simple steps.

I published my first post on Medium! You can read it here. Hope you find it useful.

My Entrepreneurship Story: Is Your Location Right for Your Business? I always knew I wanted to run my own business, even though I never really knew for sure what that business would be or what it would entail…

Moral of the story? It is a bad idea to start a business without an understanding of the customers you are looking to serve!

To learn how to use the Lean Canva to evaluate your business ideas, and questions you should ask to aid ex*****on, download the free eBook in my bio.

Hey there. Hope your week has been great so far?