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by michael_dorfman
5711 days ago
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Regarding #2, my standard recommendation is Don't Just Roll The Dice, a free e-book that covers the territory nicely. You can find it here: http://www.neildavidson.com/dontjustrollthedice.html
Don't underprice yourself too quickly. Price has a signal effect, and is viewed as a proxy for quality. You should definitely aim to make money even on your early customers. Regarding #1, there's no magic-- just total up the expected expenses, and leave some breathing room. Note: the only relationship between #1 and #2 is that you want to make sure your price exceeds your cost. Otherwise, the price should be independent of your costs-- the key factor is the perceived value you provide the customer. |
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