You're listening to the Gold Digger Podcast episode number 300 300 that's crazy

You want to know a question that makes my hair stand on end?

How much do you cost?

One of the most challenging parts of running a business especially in the beginning is putting a price value that's fair smart

Not to mention profitable on the products and services we offer. It's like how do you even begin to come up with a number that

encompasses the time, effort, passion and strategy you've poured into your business

Not to mention your price should always somewhat reflect the late nights difficult decisions and hours of dreaming that it took to get to a place

Where we even have stuff to offer on the marketplace, am I right?

So chances are if you hit play today on episode number 300

You're wondering how you know your price is right Bob Barker style

That is not too high and pushing potential customers away or too low and practically giving away your resources for a steal

It's not easy is it?

Now I found that there isn't a one-size-fits-all structure to figuring out pricing

What one person charges even if they're your direct competition might not and is likely not the right price for you

That's because even if you offer similar products as businesses

You likely have different profit goals and different ways of providing your product or service to your clients and customers

While it's helpful to look at others in your industry to get a very rough idea of where to start with numbers

It's more helpful to look at equations to help you reach your individual and business goals as an entrepreneur

And guys this can be so hard and such a mind game

Especially if you're new to business ownership or you've experienced a lot of change or growth recently

Emotions can sometimes take over where equations should be and it's hard to know what value is actually warranted for the thing that you're selling

Striking the balance between not swindling buyers and also not cheapening yourself is a super challenging

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