Hey everybody welcome to the

welcome to the hundred dollar MBA show where we pack as much building

business content as we can in 10 minutes in our daily business

lessons for the real world.

I'm your host, your coach, your teacher, Omar is at home.

I'm also the co-founder of the $100 MBA, a complete business training and community online.

And today you will learn how to set your prices.

A lot of us when we start selling our products and services, we ask how much should I charge for this thing?

Great question, let's get down to business and talk about it.

Now before I get into some of the ways I suggest you should set your prices

let's talk about price. The first thing I want to say is that price is not

set in stone. It's not binary on or off. It's not like kind of

set it and forget it type of thing. You can always change your prices in the

future. You can adjust things. You're going to be adding things and

improving your product or your service or your offer.

So naturally things will change.

Look at anywhere you go shopping around, any store, any restaurant, prices fluctuate weight.

Sometimes they go up, sometimes they go down. But the point is that they're not

stagnant and this should be reassuring to you because if you price your product and you feel like

you've priced it wrong, it's okay, you could fix it. The other thing to remember is that pricing is about

testing. You're not going to know exactly what price is perfect for your

audience until you start setting some prices and testing things out. So again,

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