How to price your products - with Vicki Weinberg

Bring Your Product Idea to Life

10-06-2022 • 15 mins


EPISODE NOTES **Please remember to rate and review the podcast - it really helps others to find it.** Today’s episode is all about pricing, in particular how to work out the price for your product. There is a plethora of information online about how to work out your product price, from working out manufacturing costs, packaging costs, and then adding profit on top of it. My advice is different. I advocate working out your product price first. Do your research, learn the market and decide what you want to sell your product for. Then work backwards to see if you can make it cost effective. I believe using this method can save you a lot of time and heartache down the line. Listen in to hear me share: Why I wanted to record this episode (00:45) The method I think you should use for working out your product price (01:23) Why it is important to decide on your price first (01:35) The importance of doing your research (05:57) Working out where your product fits in the market (07:09) The advantages of knowing your product price as you develop your product (08:25) What to do if there is nothing else similar to compare it to (09:50) Ways to reduce the product costs for you (10:32)   LET’S CONNECT https://www.facebook.com/groups/productcreatorsclub (Join my free Facebook group for product makers and creators) https://www.instagram.com/vickiweinberguk/ (Find me on Instagram) http://www.vickiweinberg.com (Work with me)  Mentioned in this episode: Get on the waitlist for my Group Product Creation Programme Join the waitlist to be first to hear when you can join Create a Product to Sell and get a free 1:1 call with me when you sign up! https://checklist.vickiweinberg.com/waitlist Join my Free Facebook group for product creators & makers Join my Free Facebook group for product creators & makers