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Thread: Pricing / commissions / profit - Your thoughts.

  1. #11
    Diamond Member Justloadit's Avatar
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    We tend to forget something here. Lets be honest, most people can not evaluate the quality of a product, whether is is performance related or features or whatever, so the way that a customer can be sure about it is 2 things, whether it is right or wrong is irrelevant, Price and Brand. If you want to buy a car, reading through the specs is another language to most people, however if you say BMW or Mercedes, then people immediately think quality, the fact that there are other brands with similar specs is totally irrelevant, the customer knows, that if I have a problem, I can go back to the orginal brand company, and they will sort my problem out. For this benefit, they are prepared to pay a lot more.
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  2. #12
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    I agree with everyone.

    My believe is in simplicity...

    P = S - C
    S = P + C
    S = sale/price
    First cover all your costs and then check market price, what's left will be profit

    Market price - C = P

    Then you have your price.

    If you tapping into new untapped markets, then use your desired "P".

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    C = P ????? Please explain .....

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    C = Cost, P = Profit

    Market price/sale - C = P

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    Mmmm I know what C & P is ........... I just don't get how your COST = to your Profit ......ie the same !

    But anyway ......

  6. #16
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    No, its "Market price" (minus) " Total cost" (equals) "Profit"

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    Oh .... That's not what u said

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