For Subscribers

Did You Price Your Product Right? How to Know.These three points shouldn't be overlooked.

ByJoe Worth•Dec 12, 2016

Share

This story appears in the2016年12月issue of雷竞技手机版.Subscribe »

After building your product, pricing it is the hardest puzzle you'll face. Get it right and making a profit is easy. Get it wrong and you maybankruptyour business fast. But it isn't a guessing game; there is a right price, and you can figure it out by answering these three questions.

Related:10 Pricing Strategies That Can Drastically Improve Sales

1. What's your overall operating budget?

This is a subscriber-only article. Join Entrepreneur+today for access

Learn More Log In

Editor's Pick

Its First Year, This Startup Struggled to Get 75 Clients.Five Years Later, They Have 18,000. Here's How They Did It.
I Sold My House to Work Remotely on a Cruise Ship for 3 Years— and I May Stay Aboard Even Longer. Here's What My Life Will Look Like.
Think You Screwed Up?These 6 Business Leaders Share Their Big Mistake — and Lesson Learned.
This Founder Walked-On to a Top College Basketball Team in the '90s.Today, He and Drew Brees Are Bringing the 'Walk-On Mentality' to Franchising.
Do Unplug Days Lead to Productivity?The Answer May Surprise You.
Here's the Secret to Growing Your Small Business, According to Execs at UPS, Airbnb, Mastercard, and Other Big Brands

Related Topics

Finance Ask the Money Guy Ask Entrepreneur Your Money

Most Popular

See all

Business News

'Beware': Tom Hanks Warns of AI Danger After Advertisement Uses His Likeness Without Permission

The actor shared a screenshot of the false advertisement to his 9.5 million Instagram followers.

Business News

Walgreens' Battle Over High-Tech Cooler Doors Heats Up

The lawsuit, initially filed in June, is seeking $200 million in damages.

By Madeline Garfinkle

Business News

These Great-Grandparents Booked 51 Back-to-Back Cruises Because It's 'Cheaper Than a Retirement Home'

Retirees Marty and Jess Ansen hopped on a cruise ship nearly two years ago and never left.

By Amanda Breen

Business News

Fake Property Manager Allegedly Defrauded Would-Be Renters Over $200,000

The real estate market is rough enough, and some scammers see it as a prime opportunity.

By Madeline Garfinkle

Side Hustle

Retirees Have a Passion for Pickleball — and One Man's Related Side Hustle Rakes in Up to $5,000 a Month

Bahman Mody saw an opportunity he couldn't ignore on Instagram.

By Amanda Breen

Business News

A Woman Is Suing Disney World After Suffering 'Injurious' Waterslide Wedgie at Typhoon Lagoon

Emma McGuinness was going down the Humunga Kowabunga waterslide when the incident occurred.

By Sam Silverman