Heyo! Welcome to the $100 in B.. Real Business Lessons for real businesses in the real world every single day with our daily 10 minute business lessons.

I'm your host, your coach, your teacher, Omar's at home. I'm also the co-founder of the $100 MBA,

a complete business training and community online. And in today's lesson you learn, are your prices too low?

Many of us are worried that our prices are too high,

but having prices that are too low

can also be a huge problem.

Most businesses set their prices at the start and they're very

hungry for business so they set their prices too low. And over time the business is

likely to make nominal increases to price even after a few years even

after becoming popular. In today's lesson I'm going to share with you six

different clues that your pricing may be too low. Also touch on how you can increase your prices giving you a real opportunity

to become more profitable. So let's get into it, let's get down to business. Today's episode of the 100 RBA show is sponsored by Sumo Me.

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MBA.net slash Sumomme. Again, that's 100 MBA.net slash Sumomme. We got a lot to cover today, so I'm going to jump right into those six clues that will

tell you maybe your prices are too low.

Clue number one, the price in relationship to your costs obviously your costs matter but the most

successful companies price in relationship to the value. Many of us we just price our

product based on our costs we say it cost me X amount of

...