Money

How to price a new service

Have you thought about adding a new service to your business recently? Whether your business is experiencing a quiet patch or you just fancy mixing things up, adding additional services like power hours and workshops can be tempting. But will this new service launch be a success? Will it make you a profit, and if so, when? To keep things simple, let’s say you are thinking of launching a power hour or training session. Based on your competitors and what you feel is fair, you know you want to charge £99 per session, but how many do you need to sell for it to make you money? The first thing we need to do is list out your costs. These are the things you have bought or will need to…

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Freelancer (Digital) - 1 Issue, Issue 16

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