1 minute read

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.