Hudson County Consortium: Pricing for Small Business Profitability
Pricing for Small Business Profitability
One of the most difficult decisions business owners face is how much to charge for their product or service. Understanding which price points motivate or dissuade consumers from purchasing is key to setting the right price. During this workshop, we will focus on the following:
Types of pricing strategies
Finding your break-even price
Determining cost structure
Effect of pricing on your marketing efforts
This workshop includes an interactive activity that helps participants to determine their business’ cost structure and how it relates to their current pricing.
**Refreshments and continental breakfast served**
This course is an offering of the Hudson County Consortium, comprised of the following organizations and dedicated to promoting business success through education:
Hudson County Chamber of Commerce (Hudson Chamber)
Hudson County Community College, Center for Business and Industry (HCCC)
Hudson County Economic Development Corporation (HCEDC)
Hudson County Office of Business Opportunity (Hudson County OBO)
NJ Small Business Development Center at New Jersey City University (NJ SBDC at NJCU)