One of our fabulous CFOs – Andrew Free – recently shared some very useful information about pricing at a webinar.
Here’s what was covered:
- Pricing to make a reasonable profit
- Understanding your cost base and the different types of costs
- The elements of a basic pricing model
- ‘What If Scenarios’ in pricing
- The difference between pricing products and services
- The elements in pricing for services
- Cost associated with delivering a service
- Availability of employees to deliver a service
- Utilisation rate of employees delivering services
- Implementing an accurate pricing model
- Feedback loop to maintain accurate and profitable pricing
- Working through a services pricing model
- ‘Price’ the ‘Big Lever’
If you’d like to learn more about pricing to be more profitable in your business check out the webinar recording here.